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REGISTERED NUMBER: 05552427 (England and Wales)


















Financial Statements for the Year Ended 31 December 2023

for

TDM MARINE LIMITED

TDM MARINE LIMITED (REGISTERED NUMBER: 05552427)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TDM MARINE LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: I Lord
G M Arnold





SECRETARY: G M Arnold





REGISTERED OFFICE: Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD





REGISTERED NUMBER: 05552427 (England and Wales)





ACCOUNTANTS: BDA Associates Limited
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

TDM MARINE LIMITED (REGISTERED NUMBER: 05552427)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 94,507 113,409
Tangible assets 5 1,407,342 1,412,196
Investments 6 3,575 3,575
1,505,424 1,529,180

CURRENT ASSETS
Stocks 24,500 77,000
Debtors 7 35,083 15,213
59,583 92,213
CREDITORS
Amounts falling due within one year 8 322,679 348,101
NET CURRENT LIABILITIES (263,096 ) (255,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,242,328

1,273,292

CREDITORS
Amounts falling due after more than one
year

9

(685,852

)

(739,535

)

PROVISIONS FOR LIABILITIES (1,355 ) (1,355 )
NET ASSETS 555,121 532,402

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 535,121 512,402
SHAREHOLDERS' FUNDS 555,121 532,402

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 directors acknowledge their 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.

TDM MARINE LIMITED (REGISTERED NUMBER: 05552427)

Statement of Financial Position - continued
31 December 2023


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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





I Lord - Director


TDM MARINE LIMITED (REGISTERED NUMBER: 05552427)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

TDM Marine 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.

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 represents goods and services, invoiced net of VAT, derived from the principal activity of operating a yacht marina and moorings in the United Kingdom. Ancillary income is also derived from rents on the buildings and car park at the marina.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and property - 2% on cost and no depreciation provided
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

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 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 statement of financial position date.


TDM MARINE LIMITED (REGISTERED NUMBER: 05552427)

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 statement of financial position 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 5 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 378,050
AMORTISATION
At 1 January 2023 264,641
Charge for year 18,902
At 31 December 2023 283,543
NET BOOK VALUE
At 31 December 2023 94,507
At 31 December 2022 113,409

TDM MARINE LIMITED (REGISTERED NUMBER: 05552427)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Freehold Improvements
land and to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 1,345,807 80,094 53,640
Additions - - -
At 31 December 2023 1,345,807 80,094 53,640
DEPRECIATION
At 1 January 2023 8,623 12,816 49,642
Charge for year 1,966 1,602 3,998
At 31 December 2023 10,589 14,418 53,640
NET BOOK VALUE
At 31 December 2023 1,335,218 65,676 -
At 31 December 2022 1,337,184 67,278 3,998

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 20,113 2,000 8,173 1,509,827
Additions - - 4,790 4,790
At 31 December 2023 20,113 2,000 12,963 1,514,617
DEPRECIATION
At 1 January 2023 17,559 2,000 6,991 97,631
Charge for year 383 - 1,695 9,644
At 31 December 2023 17,942 2,000 8,686 107,275
NET BOOK VALUE
At 31 December 2023 2,171 - 4,277 1,407,342
At 31 December 2022 2,554 - 1,182 1,412,196

Included in cost of land and buildings is freehold land of £ 1,247,513 (2022 - £ 1,247,513 ) which is not depreciated.

Included in additions under plant and machinery and land and property are assets that have been capitalised under finance leases.

TDM MARINE LIMITED (REGISTERED NUMBER: 05552427)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Investment
in group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 3,575
NET BOOK VALUE
At 31 December 2023 3,575
At 31 December 2022 3,575

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 26,501 8,609
Other debtors 8,582 6,604
35,083 15,213

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 71,538 106,583
Finance leases 6,763 6,763
Trade creditors 24,378 14,952
Taxation and social security 132,985 104,753
Other creditors 87,015 115,050
322,679 348,101

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 638,747 641,006
Finance leases 1,127 7,890
Other creditors 45,978 90,639
685,852 739,535

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 445,565 428,860

TDM MARINE LIMITED (REGISTERED NUMBER: 05552427)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 49,213 61,310
Bank loans 661,072 686,279
Finance leases 7,890 14,653
718,175 762,242

The bank loan and overdraft are secured on the assets of the business and by limited personal guarantee by the directors.

The leased assets are secured on the assets concerned.