Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseManagement activities66truetruefalse 13683053 2023-01-01 2023-12-31 13683053 2021-10-15 2022-12-31 13683053 2023-12-31 13683053 2022-12-31 13683053 c:Director4 2023-01-01 2023-12-31 13683053 d:Buildings 2023-01-01 2023-12-31 13683053 d:Buildings 2023-12-31 13683053 d:Buildings 2022-12-31 13683053 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13683053 d:FurnitureFittings 2023-01-01 2023-12-31 13683053 d:FurnitureFittings 2023-12-31 13683053 d:FurnitureFittings 2022-12-31 13683053 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13683053 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13683053 d:Goodwill 2023-12-31 13683053 d:Goodwill 2022-12-31 13683053 d:CurrentFinancialInstruments 2023-12-31 13683053 d:CurrentFinancialInstruments 2022-12-31 13683053 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13683053 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13683053 d:ShareCapital 2023-12-31 13683053 d:ShareCapital 2022-12-31 13683053 d:RetainedEarningsAccumulatedLosses 2023-12-31 13683053 d:RetainedEarningsAccumulatedLosses 2022-12-31 13683053 c:FRS102 2023-01-01 2023-12-31 13683053 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13683053 c:FullAccounts 2023-01-01 2023-12-31 13683053 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13683053 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13683053









GILLINGHAM MARINA MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
GILLINGHAM MARINA MANAGEMENT LTD
REGISTERED NUMBER: 13683053

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 7 
113,728
117,748

  
113,728
117,748

Current assets
  

Debtors: amounts falling due within one year
 8 
705,698
624,896

Cash at bank and in hand
 9 
17,373
46,845

  
723,071
671,741

Creditors: amounts falling due within one year
 10 
(1,876,313)
(1,505,844)

Net current liabilities
  
 
 
(1,153,242)
 
 
(834,103)

Total assets less current liabilities
  
(1,039,514)
(716,355)

  

Net liabilities
  
(1,039,514)
(716,355)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,039,614)
(716,455)

  
(1,039,514)
(716,355)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
GILLINGHAM MARINA MANAGEMENT LTD
REGISTERED NUMBER: 13683053
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

T Gabriel
Director

Date: 15 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GILLINGHAM MARINA MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Gillingham Marina Management Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through Director and shareholder loans. The Directors intend to continue to support the company, will extend further capital as required by the company and do not intend to withdraw funding. As a result they have adopted the going concern basis of accounting.

Page 3

 
GILLINGHAM MARINA MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
GILLINGHAM MARINA MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Fixtures and fittings
-
20%
Straight-Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.

Page 5

 
GILLINGHAM MARINA MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Employees

The average monthly number of employees, including directors, during the period was 6 (2022 - 6).


5.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
1



At 31 December 2023

1



Amortisation


At 1 January 2023
1



At 31 December 2023

1



Net book value



At 31 December 2023
-



At 31 December 2022
-




6.


Tax losses carried forward

The company has unused losses for tax to carry forward of £671,528 (2022: £352,441). No deferred tax asset has been recognised in these accounts due to the uncertainty of future revenues.






Page 6

 
GILLINGHAM MARINA MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
99,991
20,102
120,093



At 31 December 2023

99,991
20,102
120,093



Depreciation


At 1 January 2023
-
2,345
2,345


Charge for the period on owned assets
-
4,020
4,020



At 31 December 2023

-
6,365
6,365



Net book value



At 31 December 2023
99,991
13,737
113,728



At 31 December 2022
99,991
17,757
117,748


8.


Debtors

2023
2022
£
£


Trade debtors
520,489
379,922

Amounts owed by group undertakings
151,084
193,580

Other debtors
1,655
244

Prepayments and accrued income
32,470
51,150

705,698
624,896



9.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,373
46,845

17,373
46,845


Page 7

 
GILLINGHAM MARINA MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
79,249
49,969

Amounts owed to group undertakings
404,689
348,900

Other taxation and social security
22,694
23,571

Other creditors
1,365,381
1,079,454

Accruals and deferred income
4,300
3,950

1,876,313
1,505,844



11.


Related party transactions

In creditors is an amount of £98,900 (2022: £98,891) due to Gillingham Marina Holdings Ltd, the parent company. Also in creditors is an amount of £305,789 (2022: £250,000) due to Gillingham Marina Ltd, a group company. In debtors are amounts of £1,000 (2022: £1,000) due from Gillingham Waterfront Ltd, £109,920 (2022: £156,420) due from Gillingham Showroom Ltd and £36,160 (2022: £36,160) due from Gillingham Marine Engineering Ltd, which are all group companies. These amounts have interest of 0% and are repayable on demand.
Included in creditors is an amount due to a director of £1,361,825 (2022: £1,076,315). This loan is provided to the company interest free and is repayable upon demand.
The company provides management services to other group companies at arms length market rates and the turnover represents the recharged expenses to these group companies.

 
Page 8