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REGISTERED NUMBER: 00750693 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ALLINGTON MARINA LIMITED

ALLINGTON MARINA LIMITED (REGISTERED NUMBER: 00750693)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLINGTON MARINA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs E M Larkin
Mr A P W Larkin





SECRETARY: Mrs E M Larkin





REGISTERED OFFICE: Allington Marina
Castle Road
Allington
Maidstone
Kent
ME16 0NH





REGISTERED NUMBER: 00750693 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

ALLINGTON MARINA LIMITED (REGISTERED NUMBER: 00750693)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308,460 326,380

CURRENT ASSETS
Stocks 12,000 19,500
Debtors 5 206,267 206,932
Cash at bank and in hand 191,071 217,216
409,338 443,648
CREDITORS
Amounts falling due within one year 6 139,138 156,665
NET CURRENT ASSETS 270,200 286,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,660

613,363

PROVISIONS FOR LIABILITIES 17,570 20,003
NET ASSETS 561,090 593,360

CAPITAL AND RESERVES
Called up share capital 636 636
Retained earnings 560,454 592,724
SHAREHOLDERS' FUNDS 561,090 593,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALLINGTON MARINA LIMITED (REGISTERED NUMBER: 00750693)

BALANCE SHEET - continued
31ST MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th September 2024 and were signed on its behalf by:




Mrs E M Larkin - Director



Mr A P W Larkin - Director


ALLINGTON MARINA LIMITED (REGISTERED NUMBER: 00750693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Allington Marina Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Leasehold property - Over the length of the lease
Improvements to property - Over the length of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

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 value amount and are recognised in the Income Statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from bank and other third parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ALLINGTON MARINA LIMITED (REGISTERED NUMBER: 00750693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

Employee benefits

Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Leasehold to Plant and
property property property machinery
£    £    £    £   
COST
At 1st April 2023 173,308 61,638 153,610 212,221
Additions - - - 3,241
Disposals - - - (2,293 )
At 31st March 2024 173,308 61,638 153,610 213,169
DEPRECIATION
At 1st April 2023 - 61,638 106,300 114,384
Charge for year - - 5,030 14,888
Eliminated on disposal - - - (2,234 )
At 31st March 2024 - 61,638 111,330 127,038
NET BOOK VALUE
At 31st March 2024 173,308 - 42,280 86,131
At 31st March 2023 173,308 - 47,310 97,837

ALLINGTON MARINA LIMITED (REGISTERED NUMBER: 00750693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 5,736 29,944 2,289 638,746
Additions 291 - - 3,532
Disposals - - - (2,293 )
At 31st March 2024 6,027 29,944 2,289 639,985
DEPRECIATION
At 1st April 2023 3,847 24,077 2,120 312,366
Charge for year 302 1,173 - 21,393
Eliminated on disposal - - - (2,234 )
At 31st March 2024 4,149 25,250 2,120 331,525
NET BOOK VALUE
At 31st March 2024 1,878 4,694 169 308,460
At 31st March 2023 1,889 5,867 169 326,380

Included in cost of land and buildings is freehold land of £ 171,700 (2023 - £ 171,700 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,196 4,457
Due from parent company 187,678 187,678
VAT - 1,258
Prepayments 15,393 13,539
206,267 206,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 656 14,692
Tax 8,370 9,164
Social security and other taxes 321 253
VAT 846 -
Directors' current accounts 276 -
Other creditors and accruals 128,669 132,556
139,138 156,665