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REGISTERED NUMBER: 01950980 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Marina Estates Limited

Marina Estates Limited (Registered number: 01950980)

Contents of the Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marina Estates Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: A W Brice
Ms K S Brice





SECRETARY: A W Brice





REGISTERED OFFICE: Limekiln House
Hollingbourne
Maidstone
Kent
ME17 1QH





REGISTERED NUMBER: 01950980 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Marina Estates Limited (Registered number: 01950980)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,606 18,885

CURRENT ASSETS
Debtors 5 18,575 17,916
Cash at bank 60,226 45,496
78,801 63,412
CREDITORS
Amounts falling due within one year 6 63,697 63,048
NET CURRENT ASSETS 15,104 364
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,710

19,249

PROVISIONS FOR LIABILITIES 3,345 3,588
NET ASSETS 29,365 15,661

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 9,365 (4,339 )
SHAREHOLDERS' FUNDS 29,365 15,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Marina Estates Limited (Registered number: 01950980)

Balance Sheet - continued
31st December 2023


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 3rd September 2024 and were signed on its behalf by:





A W Brice - Director


Marina Estates Limited (Registered number: 01950980)

Notes to the Financial Statements
for the year ended 31st December 2023


1. STATUTORY INFORMATION

Marina Estates 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 20% on reducing balance

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.

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.

Investment property
Investment property is accounted for as property, plant and equipment using the cost method in accordance with section 17 FRS 102, as fair value cannot be measured reliably without undue cost or effort.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Marina Estates Limited (Registered number: 01950980)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 105,334 17,753 123,087
DEPRECIATION
At 1st January 2023 88,681 15,521 104,202
Charge for year 833 446 1,279
At 31st December 2023 89,514 15,967 105,481
NET BOOK VALUE
At 31st December 2023 15,820 1,786 17,606
At 31st December 2022 16,653 2,232 18,885

The Company's leasehold land and buildings were valued at open market value which is the value that has been adopted as deemed cost of the assets concerned on transition to FRS 102.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,877 8,108
Other debtors & prepayments 10,698 9,808
18,575 17,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,962 7,153
Amounts owed to group undertakings 53,605 53,605
Taxation and social security 2,650 -
Other creditors & accruals 2,480 2,290
63,697 63,048