Registration number:
Church Minshull Marina Limited
for the Year Ended 30 November 2023
Church Minshull Marina Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Church Minshull Marina Limited
Company Information
Directors |
R Parton Mrs A L Parton J J Parton P Langley E Parton |
Company secretary |
R Parton |
Registered office |
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Accountants |
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Church Minshull Marina Limited
(Registration number: 06434627)
Balance Sheet as at 30 November 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
102 |
102 |
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Revaluation reserve |
2,220,577 |
- |
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Retained earnings |
1,277,159 |
311,199 |
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Shareholders' funds |
3,497,838 |
311,301 |
For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Church Minshull Marina Limited
(Registration number: 06434627)
Balance Sheet as at 30 November 2023
Approved and authorised by the
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Church Minshull Marina Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006' including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover represents net invoiced sales of goods and services, excluding value added tax.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Church Minshull Marina Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
Asset class |
Depreciation method and rate |
Building |
2% on cost |
Marina |
2% on cost |
Plant and machinery |
15% on reducing balance |
Fixturers and fittings |
20% on cost |
Motor vehicles |
25% on reducing balance |
Office equipment |
20% on cost |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Defined contribution pension obligation
The company operates a defined contribution pension scheme. Contributions payable to the comapny's pension scheme are charged to profit and loss in the period to which they relate.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Marina, land and buildings
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Furniture, fittings and equipment |
Motor vehicles |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 December 2022 |
3,539,231 |
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Revaluations |
2,960,769 |
- |
- |
- |
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Additions |
4,250 |
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- |
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At 30 November 2023 |
6,504,250 |
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Depreciation |
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At 1 December 2022 |
880,937 |
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Charge for the year |
- |
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Eliminated on revaluation |
(880,937) |
- |
- |
- |
( |
At 30 November 2023 |
- |
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Carrying amount |
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At 30 November 2023 |
6,504,250 |
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At 30 November 2022 |
2,658,294 |
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Church Minshull Marina Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
Revaluation
The fair value of the company's Marina, land and buildings was revalued on
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £
Stocks |
2023 |
2022 |
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Work in progress |
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- |
Other inventories |
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Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Prepayments |
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Other debtors |
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- |
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Church Minshull Marina Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Bank borrowings |
157,905 |
171,377 |
HP and finance lease liabilities |
16,275 |
15,281 |
Directors' loan accounts |
1,096 |
750 |
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Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £174,180 (2022 - £186,658).
Creditors: amounts falling due after more than one year
2023 |
2022 |
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Due after one year |
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Bank loan 1 (1-2 yrs) |
157,905 |
170,900 |
Bank loan 1 (2-5 yrs) |
449,177 |
498,162 |
Bank loan 1 (over 5 yrs) |
1,670,101 |
1,361,705 |
HP and finance lease liabilities |
29,838 |
- |
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2023 |
2022 |
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Due after more than five years |
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After more than five years by instalments |
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- |
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Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,307,021 (2022 - £2,030,767).
Church Minshull Marina Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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1 |
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1 |
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1 |
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1 |
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
Revaluation reserve |
Total |
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Surplus/deficit on property, plant and equipment revaluation |
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Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Bank borrowings |
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Hire purchase contracts |
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- |
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