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REGISTERED NUMBER: 10043069 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PITSTONE MARINA LIMITED

PITSTONE MARINA LIMITED (REGISTERED NUMBER: 10043069)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PITSTONE MARINA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Newton
W Gascoyne





REGISTERED OFFICE: Pitstone Wharf
Cheddington Road
Pitstone
Buckinghamshire
LU7 9AD





REGISTERED NUMBER: 10043069 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

PITSTONE MARINA LIMITED (REGISTERED NUMBER: 10043069)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 15,000 22,500
Tangible assets 6 39,566 28,442
54,566 50,942

CURRENT ASSETS
Stocks 4,240 2,222
Debtors 7 3,435 5,646
Cash at bank and in hand 14,443 38,265
22,118 46,133
CREDITORS
Amounts falling due within one year 8 7,801 24,984
NET CURRENT ASSETS 14,317 21,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,883

72,091

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,783 71,991
68,883 72,091

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

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

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 7 September 2024 and were signed on its behalf by:





D Newton - Director


PITSTONE MARINA LIMITED (REGISTERED NUMBER: 10043069)

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

1. STATUTORY INFORMATION

Pitstone 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost and 15% on reducing balance
Fixtures and fittings - 25% on cost and 25% on reducing balance

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

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.

4. EMPLOYEES AND DIRECTORS

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

PITSTONE MARINA LIMITED (REGISTERED NUMBER: 10043069)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 75,000
Amortisation
At 1 April 2023 52,500
Amortisation for year 7,500
At 31 March 2024 60,000
Net book value
At 31 March 2024 15,000
At 31 March 2023 22,500

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 April 2023 - 178,666 178,666
Additions 18,686 6,316 25,002
At 31 March 2024 18,686 184,982 203,668
Depreciation
At 1 April 2023 - 150,224 150,224
Charge for year 2,479 11,399 13,878
At 31 March 2024 2,479 161,623 164,102
Net book value
At 31 March 2024 16,207 23,359 39,566
At 31 March 2023 - 28,442 28,442

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 843 3,428
Prepayments and accrued income 2,592 2,218
3,435 5,646

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 157 5,424
Social security and other taxes 3 -
VAT 1,725 2,319
Other creditors - 15,288
Directors' loan account 1,384 1,253
Accruals and deferred income 4,532 700
7,801 24,984

PITSTONE MARINA LIMITED (REGISTERED NUMBER: 10043069)

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

9. RELATED PARTY DISCLOSURES

At 31st March 2024 the company owed an amount of £633 (2023: £612) to D Newton, director. No interest has been charged on the outstanding balance (2023: £Nil) and there are no set repayment terms in place.

At 31st March 2024 the company owed an amount of £751 (2023: £641) to W Gascoyne, director. No interest has been charged on the outstanding balance (2023: £Nil) and there are no set repayment terms in place.

At 31st March 2024 the company was owed an amount of £843 (2023: £3,428) from Pitstone Waterside Café Limited, a company under common control. No interest has been charged on the outstanding balance during the year (2023: £Nil) and there are no set repayment terms in place.