Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 02837895 Mrs I HUGHES Mr DEREK BURSEY Mrs ELAINE GLOSS Mr Paul Bryan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02837895 2023-06-30 02837895 2024-06-30 02837895 2023-07-01 2024-06-30 02837895 frs-core:CurrentFinancialInstruments 2024-06-30 02837895 frs-core:FurnitureFittings 2024-06-30 02837895 frs-core:FurnitureFittings 2023-07-01 2024-06-30 02837895 frs-core:FurnitureFittings 2023-06-30 02837895 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 02837895 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02837895 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 02837895 frs-core:SharePremium 2024-06-30 02837895 frs-core:ShareCapital 2024-06-30 02837895 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02837895 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02837895 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02837895 frs-bus:SmallEntities 2023-07-01 2024-06-30 02837895 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02837895 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02837895 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 02837895 frs-bus:OrdinaryShareClass1 2024-06-30 02837895 frs-bus:Director1 2023-07-01 2024-06-30 02837895 frs-bus:Director2 2023-07-01 2024-06-30 02837895 frs-bus:Director3 2023-07-01 2024-06-30 02837895 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 02837895 frs-countries:EnglandWales 2023-07-01 2024-06-30 02837895 2022-06-30 02837895 2023-06-30 02837895 2022-07-01 2023-06-30 02837895 frs-core:CurrentFinancialInstruments 2023-06-30 02837895 frs-core:SharePremium 2023-06-30 02837895 frs-core:ShareCapital 2023-06-30 02837895 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 02837895 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: 02837895
Marina Point Management Company Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02837895
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,062 36,567
36,062 36,567
CURRENT ASSETS
Debtors 5 21,358 7,422
Cash at bank and in hand 33,793 57,636
55,151 65,058
Creditors: Amounts Falling Due Within One Year 6 (12,945 ) (13,961 )
NET CURRENT ASSETS (LIABILITIES) 42,206 51,097
TOTAL ASSETS LESS CURRENT LIABILITIES 78,268 87,664
NET ASSETS 78,268 87,664
CAPITAL AND RESERVES
Called up share capital 7 62 62
Share premium account 38,984 38,984
Profit and Loss Account 39,222 48,618
SHAREHOLDERS' FUNDS 78,268 87,664
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs I HUGHES
Director
Mr DEREK BURSEY
Director
28th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marina Point Management Company Limited Registered number 02837895 is a limited by shares company incorporated in England & Wales. The Registered Office is 145A CONNAUGHT AVE , FRINTON ON SEA, ESSEX, CO13 9AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the Invoiced Service & Maintenance Charges from the Owners of the Residential Properties.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
Fixtures & Fittings 15 % W.D.V.
There were Fourty Four new mail boxes installed in the year due to damage and unoperable condition of the original letter boxes.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on the unearned Income  for the year.  This represents Interest earned on deposit account and is Taxable in the accounting year it is received.  Service Charges and any other Income is exempt from current Corporation Tax
under the Landlord & Tenant Act.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 33,200 5,482 38,682
As at 30 June 2024 33,200 5,482 38,682
Depreciation
As at 1 July 2023 - 2,115 2,115
Provided during the period - 505 505
As at 30 June 2024 - 2,620 2,620
...CONTINUED
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Net Book Value
As at 30 June 2024 33,200 2,862 36,062
As at 1 July 2023 33,200 3,367 36,567
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,397 -
Prepayments and accrued income 6,961 7,373
Other debtors - 49
21,358 7,422
Debtors are amount due for payment within the next accounting period.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,294 2,328
Corporation tax 90 67
Other taxes and social security 67 -
Other creditors/Payments In Advance 10,723 11,208
Accruals 771 358
12,945 13,961
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 62 62
2024 2023
Allotted, called up and fully paid £ £
62 Ordinary Shares of £ 1.000 each 62 62
The company is limited by guarantee, the share holders are in receipt of one share per residential property and their liability is limited to Ten Pounds.
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