IRIS Accounts Production v24.1.9.2 12565555 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125655552022-12-31125655552023-12-31125655552023-01-012023-12-31125655552021-12-31125655552022-01-012022-12-31125655552022-12-3112565555ns15:EnglandWales2023-01-012023-12-3112565555ns14:PoundSterling2023-01-012023-12-3112565555ns10:Director12023-01-012023-12-3112565555ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112565555ns10:SmallEntities2023-01-012023-12-3112565555ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112565555ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112565555ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112565555ns10:FullAccounts2023-01-012023-12-3112565555ns10:RegisteredOffice2023-01-012023-12-3112565555ns5:CurrentFinancialInstruments2023-12-3112565555ns5:CurrentFinancialInstruments2022-12-3112565555ns5:ShareCapital2023-12-3112565555ns5:ShareCapital2022-12-3112565555ns5:RetainedEarningsAccumulatedLosses2023-12-3112565555ns5:RetainedEarningsAccumulatedLosses2022-12-3112565555ns5:LandBuildings2023-01-012023-12-3112565555ns5:LandBuildings2022-12-3112565555ns5:LandBuildings2023-12-3112565555ns5:LandBuildings2022-12-3112565555ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112565555ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 12565555 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARTELLO RYE CREATIVE CENTRE LIMITED

MARTELLO RYE CREATIVE CENTRE LIMITED (REGISTERED NUMBER: 12565555)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARTELLO RYE CREATIVE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D N Kowitz





REGISTERED OFFICE: The River Cafe
Rock Channel
Strand Quay
Rye
East Sussex
TN31 7DE





REGISTERED NUMBER: 12565555 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

MARTELLO RYE CREATIVE CENTRE LIMITED (REGISTERED NUMBER: 12565555)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 498,797 469,537

CURRENT ASSETS
Debtors 5 18,543 24,926

CREDITORS
Amounts falling due within one year 6 601,632 559,436
NET CURRENT LIABILITIES (583,089 ) (534,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(84,292

)

(64,973

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (84,392 ) (65,073 )
(84,292 ) (64,973 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 April 2024 and were signed by:




D N Kowitz - Director


MARTELLO RYE CREATIVE CENTRE LIMITED (REGISTERED NUMBER: 12565555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Martello Rye Creative Centre 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. 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.

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 - not provided

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.

Going concern
During the year the company incurred a loss of £19,319 (2022 - £4,606) and at the balance sheet date had net liabilities of £84,292 (2022 - £64,973). These financial statements have been prepared on a going concern basis which assumes continuing support from the parent company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MARTELLO RYE CREATIVE CENTRE LIMITED (REGISTERED NUMBER: 12565555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023 469,537
Additions 29,260
At 31 December 2023 498,797
NET BOOK VALUE
At 31 December 2023 498,797
At 31 December 2022 469,537

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 18,543 24,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 168 -
Amounts owed to group undertakings 598,346 554,892
Taxation and social security - 2,181
Other creditors 3,118 2,363
601,632 559,436

7. RELATED PARTY DISCLOSURES

Martello Developments Limited
Holding Company

2023 2022
£ £
Amount due to related party at the balance sheet date 598,346 554,892

8. ULTIMATE CONTROLLING PARTY

The controlling party is KPDC Limited.

The ultimate controlling party is D N Kowitz.