Company registration number: 10750751
Unaudited financial statements
for the year ended 31 May 2024
for
Mariners Quay Limited
Pages for filing with the Registrar
Company registration number: 10750751
Mariners Quay Limited
Balance sheet
as at 31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 747,326 747,326
Investments 5 28,210 23,282
775,536 770,608
Current assets
Cash at bank and in hand 70,091 78,999
70,091 78,999
Creditors: amounts falling due within one
year
(18,885) (42,413)
Net current assets 51,206 36,586
Total assets less current liabilities 826,742 807,194
Creditors: Amounts falling due after more
than one year
6 (749,989) (750,964)
NET ASSETS 76,753 56,230
Capital and reserves
Called up share capital 100 100
Profit and loss account 76,653 56,130
TOTAL EQUITY 76,753 56,230
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10750751
Mariners Quay Limited
Balance sheet - continued
as at 31 May 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr T Hayes, Director
12 February 2025
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Mariners Quay Limited
Notes to the financial statements
for the year ended 31 May 2024
1 Company information
Mariners Quay Limited is a private company registered in England and Wales. Its registered number is 10750751. The company is limited by shares. Its registered office is Mariners Quay Limited, Fair Trade House, Fareham, Hampshire, PO15 5SH.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - Freehold property is held at historical cost
Plant and machinery etc.:
Fixtures & fittings - 25% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Mariners Quay Limited
Notes to the financial statements - continued
for the year ended 31 May 2024
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 June 2023 747,326 424 747,750
At 31 May 2024 747,326 424 747,750
Depreciation
At 1 June 2023 - 424 424
At 31 May 2024 - 424 424
Net book value
At 31 May 2024 747,326 - 747,326
At 31 May 2023 747,326 - 747,326
5 Fixed asset investments
Investments other than loans
Other

investments
other than lo
£
Cost
At 1 June 2023 23,282
Additions 789
Revaluations 4,139
At 31 May 2024 28,210
Net book value
At 31 May 2024 28,210
At 31 May 2023 23,282
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Mariners Quay Limited
Notes to the financial statements - continued
for the year ended 31 May 2024
6 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable otherwise than by instalments
Other creditors 747,326 747,326
747,326 747,326
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