FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Company limited by guarantee

Company Registration Number:
00931398 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The company does not trade but is the owner of the freehold land surrounding the blocks of flats and garages known as Ferring Marine, Ferring, West Sussex and is concerned solely with the maintenance and upkeep of the land and the main structure and exterior of the flats and garages. The company has no share capital and is limited by guarantee. The liability of the 12 members is limited to a guarantee not exceeding £15 per member.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Mr E P MacKenna
Mrs L Mayo-Smith
Mr MJ Shrimpton
Mr K Smith
Mr M Phillips


The director shown below has held office during the period of
1 January 2023 to 16 April 2023

Dr J E Esberey


The director shown below has held office during the period of
29 April 2023 to 31 December 2023

Mrs M Worster


Secretary Mr E P MacKenna

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 May 2024

And signed on behalf of the board by:
Name: Mr MJ Shrimpton
Status: Director

FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 22,450 21,000
Cost of sales: ( 13,361 ) ( 53,508 )
Gross profit(or loss): 9,089 (32,508)
Operating profit(or loss): 9,089 (32,508)
Interest receivable and similar income: 170 31
Profit(or loss) before tax: 9,259 (32,477)
Profit(or loss) for the financial year: 9,259 (32,477)

FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 32,268 22,780
Total current assets: 32,268 22,780
Prepayments and accrued income: 3,472 3,315
Creditors: amounts falling due within one year: 3 ( 3,252 ) ( 3,216 )
Net current assets (liabilities): 32,488 22,879
Total assets less current liabilities: 32,488 22,879
Accruals and deferred income: ( 6,650 ) ( 6,300 )
Total net assets (liabilities): 25,838 16,579
Members' funds
Profit and loss account: 25,838 16,579
Total members' funds: 25,838 16,579

The notes form part of these financial statements

FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 4 May 2024
and signed on behalf of the board by:

Name: Mr MJ Shrimpton
Status: Director

The notes form part of these financial statements

FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    The financial statements have been prepared under the historical cost accounting convention and in accordance with the provisions of Section 1A “Small Entities” of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006.

FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

FERRING MARINE RESIDENTS ASSOCIATION LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 3,252 3,216
Total 3,252 3,216