2023-03-012024-02-282024-02-28false11191853MARINERS BAY LTD2024-10-14iso4217:GBPxbrli:pure111918532023-03-01111918532024-02-28111918532023-03-012024-02-28111918532022-03-01111918532023-02-28111918532022-03-012023-02-2811191853bus:SmallEntities2023-03-012024-02-2811191853bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2811191853bus:FullAccounts2023-03-012024-02-2811191853bus:PrivateLimitedCompanyLtd2023-03-012024-02-2811191853core:WithinOneYear2024-02-2811191853core:AfterOneYear2024-02-2811191853core:WithinOneYear2023-02-2811191853core:AfterOneYear2023-02-2811191853core:ShareCapital2024-02-2811191853core:SharePremium2024-02-2811191853core:RevaluationReserve2024-02-2811191853core:OtherReservesSubtotal2024-02-2811191853core:RetainedEarningsAccumulatedLosses2024-02-2811191853core:ShareCapital2023-02-2811191853core:SharePremium2023-02-2811191853core:RevaluationReserve2023-02-2811191853core:OtherReservesSubtotal2023-02-2811191853core:RetainedEarningsAccumulatedLosses2023-02-2811191853core:LandBuildings2024-02-2811191853core:PlantMachinery2024-02-2811191853core:Vehicles2024-02-2811191853core:FurnitureFittings2024-02-2811191853core:OfficeEquipment2024-02-2811191853core:NetGoodwill2024-02-2811191853core:IntangibleAssetsOtherThanGoodwill2024-02-2811191853core:ListedExchangeTraded2024-02-2811191853core:UnlistedNon-exchangeTraded2024-02-2811191853core:LandBuildings2023-02-2811191853core:PlantMachinery2023-02-2811191853core:Vehicles2023-02-2811191853core:FurnitureFittings2023-02-2811191853core:OfficeEquipment2023-02-2811191853core:NetGoodwill2023-02-2811191853core:IntangibleAssetsOtherThanGoodwill2023-02-2811191853core:ListedExchangeTraded2023-02-2811191853core:UnlistedNon-exchangeTraded2023-02-2811191853core:LandBuildings2023-03-012024-02-2811191853core:PlantMachinery2023-03-012024-02-2811191853core:Vehicles2023-03-012024-02-2811191853core:FurnitureFittings2023-03-012024-02-2811191853core:OfficeEquipment2023-03-012024-02-2811191853core:NetGoodwill2023-03-012024-02-2811191853core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2811191853core:ListedExchangeTraded2023-03-012024-02-2811191853core:UnlistedNon-exchangeTraded2023-03-012024-02-2811191853core:MoreThanFiveYears2023-03-012024-02-2811191853core:Non-currentFinancialInstruments2024-02-2811191853core:Non-currentFinancialInstruments2023-02-2811191853dpl:CostSales2023-03-012024-02-2811191853dpl:DistributionCosts2023-03-012024-02-2811191853core:LandBuildings2023-03-012024-02-2811191853core:PlantMachinery2023-03-012024-02-2811191853core:Vehicles2023-03-012024-02-2811191853core:FurnitureFittings2023-03-012024-02-2811191853core:OfficeEquipment2023-03-012024-02-2811191853dpl:AdministrativeExpenses2023-03-012024-02-2811191853core:NetGoodwill2023-03-012024-02-2811191853core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2811191853dpl:GroupUndertakings2023-03-012024-02-2811191853dpl:ParticipatingInterests2023-03-012024-02-2811191853dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2811191853core:ListedExchangeTraded2023-03-012024-02-2811191853dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2811191853core:UnlistedNon-exchangeTraded2023-03-012024-02-2811191853dpl:CostSales2022-03-012023-02-2811191853dpl:DistributionCosts2022-03-012023-02-2811191853core:LandBuildings2022-03-012023-02-2811191853core:PlantMachinery2022-03-012023-02-2811191853core:Vehicles2022-03-012023-02-2811191853core:FurnitureFittings2022-03-012023-02-2811191853core:OfficeEquipment2022-03-012023-02-2811191853dpl:AdministrativeExpenses2022-03-012023-02-2811191853core:NetGoodwill2022-03-012023-02-2811191853core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811191853dpl:GroupUndertakings2022-03-012023-02-2811191853dpl:ParticipatingInterests2022-03-012023-02-2811191853dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811191853core:ListedExchangeTraded2022-03-012023-02-2811191853dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811191853core:UnlistedNon-exchangeTraded2022-03-012023-02-2811191853core:NetGoodwill2024-02-2811191853core:IntangibleAssetsOtherThanGoodwill2024-02-2811191853core:LandBuildings2024-02-2811191853core:PlantMachinery2024-02-2811191853core:Vehicles2024-02-2811191853core:FurnitureFittings2024-02-2811191853core:OfficeEquipment2024-02-2811191853core:AfterOneYear2024-02-2811191853core:WithinOneYear2024-02-2811191853core:ListedExchangeTraded2024-02-2811191853core:UnlistedNon-exchangeTraded2024-02-2811191853core:ShareCapital2024-02-2811191853core:SharePremium2024-02-2811191853core:RevaluationReserve2024-02-2811191853core:OtherReservesSubtotal2024-02-2811191853core:RetainedEarningsAccumulatedLosses2024-02-2811191853core:NetGoodwill2023-02-2811191853core:IntangibleAssetsOtherThanGoodwill2023-02-2811191853core:LandBuildings2023-02-2811191853core:PlantMachinery2023-02-2811191853core:Vehicles2023-02-2811191853core:FurnitureFittings2023-02-2811191853core:OfficeEquipment2023-02-2811191853core:AfterOneYear2023-02-2811191853core:WithinOneYear2023-02-2811191853core:ListedExchange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MARINERS BAY LTD

Registered Number
11191853
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

MARINERS BAY LTD
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

ANDRADE, Eduardo Ferreira

Registered Address

5 & 7 Pellew Arcade
Teign Street
Teignmouth
TQ14 8EB

Registered Number

11191853 (England and Wales)
MARINERS BAY LTD
Statement of Financial Position
28 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks32,0002,000
Debtors49,37213,405
Cash at bank and on hand8,10122,698
19,47338,103
Creditors amounts falling due within one year5(6,115)(9,121)
Net current assets (liabilities)13,35828,982
Total assets less current liabilities13,35828,982
Creditors amounts falling due after one year6(11,955)(16,105)
Net assets1,40312,877
Capital and reserves
Called up share capital100100
Profit and loss account1,30312,777
Shareholders' funds1,40312,877
The financial statements were approved and authorised for issue by the Director on 14 October 2024, and are signed on its behalf by:
ANDRADE, Eduardo Ferreira
Director
Registered Company No. 11191853
MARINERS BAY LTD
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Impairment of non-financial assets policy
Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year11
3.Stocks

2024

2023

££
Other stocks2,0002,000
Total2,0002,000
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables9,37213,405
Total9,37213,405
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables371381
Bank borrowings and overdrafts343,391
Taxation and social security4,2994,005
Accrued liabilities and deferred income1,4111,344
Total6,1159,121
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,95516,105
Total11,95516,105
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
ANDRADE, Eduardo Ferreira3,391(3,356)035
3,391(3,356)035