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Registered number: 13082037
31 Marine Road West Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
AFFIRM ACCOUNTANCY SERVICES LIMITED
ICAEW
76 MARKET STREET
FARNWORTH
BOLTON
BL4 7NY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13082037
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 434,251 434,251
Investment Properties 5 175,000 175,000
609,251 609,251
CURRENT ASSETS
Debtors 6 1,050 -
Cash at bank and in hand 1,284 100
2,334 100
NET CURRENT ASSETS (LIABILITIES) 2,334 100
TOTAL ASSETS LESS CURRENT LIABILITIES 611,585 609,351
Creditors: Amounts Falling Due After More Than One Year 8 (434,251 ) (434,251 )
NET ASSETS 177,334 175,100
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 11 175,000 175,000
Profit and Loss Account 2,234 -
SHAREHOLDERS' FUNDS 177,334 175,100
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr NEIL HOOTON
Director
10/09/2024
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
31 Marine Road West Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13082037 . The registered office is 76 Market Street, Farnworth, Bolton, BL4 7NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 0%
Plant & Machinery 0%
Fixtures & Fittings 0%
The freehold property refurbishment is currently not completed, and hence no depreciation has commenced.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 179,500 25,500 229,251 434,251
As at 31 December 2023 179,500 25,500 229,251 434,251
Net Book Value
As at 31 December 2023 179,500 25,500 229,251 434,251
As at 1 January 2023 179,500 25,500 229,251 434,251
Page 3
Page 4
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 175,000
6. Debtors
2023 2022
£ £
Due within one year
Director's loan account 1,050 -
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to parent undertaking 434,251 434,251
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Revaluation Reserve
£
As at 1 January 2023 175,000
Surplus on revaluation -
As at 31 December 2023 175,000
Page 4