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Registered Number: 12348919
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 December 2023

for

MARGATE SEAVIEW LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets
Tangible fixed assets 2 6,156    7,695 
Financial assets 3 293,920    308,000 
300,076    315,695 
 
Current assets
Debtors 4 787    4,728 
Cash at bank and in hand 34,141    35,203 
34,928    39,931 
Creditors: amount falling due within one year 5 (52,625)   (65,438)
Net current assets (17,697)   (25,507)
 
Total assets less current liabilities 282,379    290,188 
Creditors: amount falling due after more than one year 6 (195,603)   (187,733)
Net assets 86,776    102,455 
 

Capital and reserves
Called up share capital 1    1 
Reserves 7 98,018    112,098 
Profit and loss account 8 (11,243)   (9,644)
Shareholders fund 86,776    102,455 
 
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Johann Kevin Rowan
Director

Date approved: 23 September 2024
1
Statutory Information
MARGATE SEAVIEW LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12348919, registration address Beech Lodge Bacombe Lane, Wendover, Aylesbury, HP22 6EQ, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
2.

Tangible fixed assets

Cost or Valuation Improvements to property   Plant and machinery   Fixtures and fittings   Total
  £   £   £   £
At 01 January 2023 6,593    1,873    2,136    10,602 
Additions      
Disposals      
At 31 December 2023 6,593    1,873    2,136    10,602 
Depreciation
At 01 January 2023 1,319    884    704    2,907 
Charge for year 1,055    198    286    1,539 
On disposals      
At 31 December 2023 2,374    1,082    990    4,446 
Net book values
Closing balance as at 31 December 2023 4,219    791    1,146    6,156 
Opening balance as at 01 January 2023 5,274    989    1,432    7,695 

3.

Financial assets

Cost or Valuation Investment in property   Total
  £   £
At 01 January 2023 293,920    293,920 
Additions  
Disposals  
At 31 December 2023 293,920    293,920 
4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade debtors 787    4,728 
787    4,728 
5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade creditors 380    1,776 
Accrued expenses 360    1,080 
Other loans   7,778 
Directors' current accounts 51,885    54,804 
52,625    65,438 
6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Mortgage loan 195,603   
Provisions for liabilities   460 
Other loans   187,273 
195,603    187,733 
7.

Reserves

2023
£
  2022
£
Fair value reserve 98,018    112,098 
98,018    112,098 
8.

Profit and loss account

  2023
£
Balance at 01 January 2023 (9,644)
Loss for the year (1,599)
Balance at 31 December 2023 (11,243)

9.

Average number of employees

Average number of employees during the year was 0  (2022: 0).
2