IRIS Accounts Production v24.3.0.553 SC691963 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6919632023-03-31SC6919632024-03-31SC6919632023-04-012024-03-31SC6919632022-03-31SC6919632022-04-012023-03-31SC6919632023-03-31SC691963ns15:Scotland2023-04-012024-03-31SC691963ns14:PoundSterling2023-04-012024-03-31SC691963ns10:Director12023-04-012024-03-31SC691963ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC691963ns10:SmallEntities2023-04-012024-03-31SC691963ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC691963ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC691963ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC691963ns10:FullAccounts2023-04-012024-03-31SC691963ns10:Director22023-04-012024-03-31SC691963ns10:CompanySecretary12023-04-012024-03-31SC691963ns10:RegisteredOffice2023-04-012024-03-31SC691963ns5:CurrentFinancialInstruments2024-03-31SC691963ns5:CurrentFinancialInstruments2023-03-31SC691963ns5:Non-currentFinancialInstruments2024-03-31SC691963ns5:Non-currentFinancialInstruments2023-03-31SC691963ns5:ShareCapital2024-03-31SC691963ns5:ShareCapital2023-03-31SC691963ns5:SharePremium2024-03-31SC691963ns5:SharePremium2023-03-31SC691963ns5:RetainedEarningsAccumulatedLosses2024-03-31SC691963ns5:RetainedEarningsAccumulatedLosses2023-03-31SC691963ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC691963ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: SC691963 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Maritime Street Ltd

Maritime Street Ltd (Registered number: SC691963)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maritime Street Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss M T Thomson
G C Thomson





SECRETARY:





REGISTERED OFFICE: Gordonhall Farmhouse
Kinguisse
Kingussie
Highlands
PH21 1NR





REGISTERED NUMBER: SC691963 (Scotland)





ACCOUNTANTS: Nationwide Accountants & Tax Advisors Ltd
704
London Road,
North Cheam, Sutton.
Surrey
SM3 9BY

Maritime Street Ltd (Registered number: SC691963)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 4,752,187 2,494,907
Debtors 4 55,804 23,916
Cash at bank 638 2,815
4,808,629 2,521,638
CREDITORS
Amounts falling due within one year 5 2,305,449 (8,058 )
NET CURRENT ASSETS 2,503,180 2,529,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,503,180

2,529,696

CREDITORS
Amounts falling due after more than
one year

6

1,236,527

1,236,527
NET ASSETS 1,266,653 1,293,169

CAPITAL AND RESERVES
Called up share capital 2,680 2,680
Share premium 1,337,321 1,337,321
Retained earnings (73,348 ) (46,832 )
1,266,653 1,293,169

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 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.

Maritime Street Ltd (Registered number: SC691963)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





Miss M T Thomson - Director


Maritime Street Ltd (Registered number: SC691963)

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

1. STATUTORY INFORMATION

Maritime Street Ltd is a private company, limited by shares , registered in Scotland. 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.

Stocks
Property is undergoing the conversation with the intention to sell. It is valued at cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 55,804 23,916

Maritime Street Ltd (Registered number: SC691963)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 542,104 (12,780 )
Other creditors 1,763,345 4,722
2,305,449 (8,058 )

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 1,236,527 1,236,527