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REGISTERED NUMBER: 02150890 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Marina Park Homes Limited

Marina Park Homes Limited (Registered number: 02150890)

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 Park Homes 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
ME17 1QH





REGISTERED NUMBER: 02150890 (England and Wales)





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

Marina Park Homes Limited (Registered number: 02150890)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310,087 310,468
Investments 5 15,825 15,825
325,912 326,293

CURRENT ASSETS
Debtors 6 53,605 53,605
Cash at bank 2,185 23,857
55,790 77,462
CREDITORS
Amounts falling due within one year 7 1,710 9,648
NET CURRENT ASSETS 54,080 67,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,992

394,107

CAPITAL AND RESERVES
Called up share capital 5,004 5,004
Share premium 199,046 199,046
Revaluation reserve 8 105,447 105,447
Retained earnings 70,495 84,610
SHAREHOLDERS' FUNDS 379,992 394,107

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 Park Homes Limited (Registered number: 02150890)

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 Park Homes Limited (Registered number: 02150890)

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


1. STATUTORY INFORMATION

Marina Park Homes 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.

Preparation of consolidated financial statements
The financial statements contain information about Marina Park Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 2% on cost of buildings

No depreciation is provided on freehold land or investment properties.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.



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.

Marina Park Homes Limited (Registered number: 02150890)

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


2. ACCOUNTING POLICIES - continued

Investment property
Investment property is accounted for as property, plant and equipment using the cost model 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).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st January 2023
and 31st December 2023 324,172
DEPRECIATION
At 1st January 2023 13,704
Charge for year 381
At 31st December 2023 14,085
NET BOOK VALUE
At 31st December 2023 310,087
At 31st December 2022 310,468

Included in cost of land and buildings is freehold land of £ 305,122 (2022 - £ 305,122 ) which is not depreciated.

The Company's freehold land and buildings were revalued at open market value.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 15,825
NET BOOK VALUE
At 31st December 2023 15,825
At 31st December 2022 15,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 53,605 53,605

Marina Park Homes Limited (Registered number: 02150890)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,470 9,408
Other creditors 240 240
1,710 9,648

8. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 105,447