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REGISTERED NUMBER: NI648543 (Northern Ireland)















CRAWFORDS MARINA LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)






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


CRAWFORDS MARINA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr R T D Crawford



SECRETARY: Mrs E L Crawford



REGISTERED OFFICE: 1 Derryharney Road
Aghnacarra
LISBELLAW
Co. Fermanagh
BT94 5HW



REGISTERED NUMBER: NI648543 (Northern Ireland)



AUDITORS: McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
24 Townhall Street
ENNISKILLEN
Co. Fermanagh
BT74 7BB

CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,703,813 1,598,733

CURRENT ASSETS
Stocks 1,634,643 1,222,740
Debtors 5 336,535 382,067
Cash at bank 498,042 405,342
2,469,220 2,010,149
CREDITORS
Amounts falling due within one year 6 255,594 33,568
NET CURRENT ASSETS 2,213,626 1,976,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,917,439

3,575,314

CREDITORS
Amounts falling due after more than one
year

7

5,204,706

3,855,543
NET LIABILITIES (287,267 ) (280,229 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (297,267 ) (290,229 )
(287,267 ) (280,229 )

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 28 June 2024 and were signed by:



Mr R T D Crawford - Director


CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

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

1. STATUTORY INFORMATION

Crawfords Marina Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% straight line
Fixtures and fittings - 10% straight line

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.


CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

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

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.

Foreign currencies
The company's presentation currency is GBP ("sterling"). Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Pension costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Going concern
The company finances its working capital and capital expenditure by way of funding provided to it by its parent company, fellow group companies, and its director. The company reported a net loss of £7,038 (2022: net profit of £7,285) during the financial year, and reported net liabilities of £287,267 (2022: £280,229).

The company's ultimate parent has confirmed that the group companies will continue to provide financial support to the company for a period of at least one year from the date of the approval of these financial statements. It is on the basis of that continued group support that the director concludes that the company will continue as a going concern, and these financial statements therefore have been prepared on the going concern basis.

3. EMPLOYEES

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

CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Land & Plant and and
buildings machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 1,338,798 315,314 34,177 1,688,289
Additions 1,134,556 5,481 600 1,140,637
At 31 December 2023 2,473,354 320,795 34,777 2,828,926
DEPRECIATION
At 1 January 2023 - 79,031 10,525 89,556
Charge for year - 32,080 3,477 35,557
At 31 December 2023 - 111,111 14,002 125,113
NET BOOK VALUE
At 31 December 2023 2,473,354 209,684 20,775 2,703,813
At 31 December 2022 1,338,798 236,283 23,652 1,598,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,467 3,927
Other debtors 331,068 378,140
336,535 382,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,192 -
Other creditors 253,402 33,568
255,594 33,568

CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 3,680,301 2,331,138
Other creditors 1,524,405 1,524,405
5,204,706 3,855,543

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 1,524,405 1,524,405

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Barnett (Senior Statutory Auditor)
for and on behalf of McAleer Jackson Ltd

9. CAPITAL COMMITMENTS

The company had no material capital commitments at the balance sheet date.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of Section 33.1A of FRS102, whereby disclosures need not be given of transactions entered into between members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

11. ULTIMATE CONTROLLING PARTY

Mr R T D Crawford is the ultimate controlling party by virtue of his shareholding in RTD Crawford Holdings Ltd. RTD Crawford Holdings Ltd is the ultimate parent company of the group, of which Crawfords Marina Ltd is a member, for which consolidated financial statements are drawn up.