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REGISTERED NUMBER: 08005208 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

C & J Marine Holdings (Southern) Limited

C & J Marine Holdings (Southern) Limited (Registered number: 08005208)






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


C & J Marine Holdings (Southern) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr C J Davies





REGISTERED OFFICE: The Dower House
15 Tudor Close
Chichester
West Sussex
PO19 5QZ





REGISTERED NUMBER: 08005208 (England and Wales)





ACCOUNTANTS: Andrew Spencer Associates Limited
Chartered Certified Accountants
328 Chatsworth Avenue
Cosham
Portsmouth
Hampshire
PO6 2UP

C & J Marine Holdings (Southern) Limited (Registered number: 08005208)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 782,000 799,000
Investments 5 1 1
782,001 799,001

CURRENT ASSETS
Cash at bank 41,378 19,154

CREDITORS
Amounts falling due within one year 6 (111,630 ) (112,524 )
NET CURRENT LIABILITIES (70,252 ) (93,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,749

705,631

PROVISIONS FOR LIABILITIES (33,250 ) (33,250 )
NET ASSETS 678,499 672,381

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 678,498 672,380
SHAREHOLDERS' FUNDS 678,499 672,381

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





Mr C J Davies - Director


C & J Marine Holdings (Southern) Limited (Registered number: 08005208)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

C & J Marine Holdings (Southern) 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 as modified by the revaluation of certain assets.

The financial statements relate to C & J Marine Holdings (Southern) Limited as an individual entity.

Preparation of consolidated financial statements
The financial statements contain information about C & J Marine Holdings (Southern) 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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, event or action. Actual results may differ from those amounts.

The Director does not consider there to be any significant judgements or estimates used in the preparation of these financial statements

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. Turnover comprises a management charge from the subsidiary company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

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

Financial instruments
Financial instruments are recognised on line with Sections 11 and 12 of FRS 102.

Basic financial instruments such as bank and cash loans, amounts due from group undertakings and trade debtors and trade creditors are recognised at transaction price, unless they constitute a financing arrangement when the transaction is measured at the present value of the future receipts/payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest rate model.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


C & J Marine Holdings (Southern) Limited (Registered number: 08005208)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 850,000
DEPRECIATION
At 1 April 2023 51,000
Charge for year 17,000
At 31 March 2024 68,000
NET BOOK VALUE
At 31 March 2024 782,000
At 31 March 2023 799,000

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2021 175,000
Cost 675,000
850,000

If the freehold land and building had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 675,000 675,000
Aggregate depreciation 162,000 148,500

The freehold land and building were valued on an open market basis on 2 September 2021 by Flude Property Consultants. .

C & J Marine Holdings (Southern) Limited (Registered number: 08005208)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 5,657 7,550
Other creditors 105,973 104,974
111,630 112,524

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C J Davies.