SET (MARINA) LIMITED

Company Registration Number:
08169705 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

SET (MARINA) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

SET (MARINA) LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 139,003 145,803
Tangible assets: 4 617,812 629,038
Total fixed assets: 756,815 774,841
Current assets
Debtors:   61,766 41,135
Total current assets: 61,766 41,135
Creditors: amounts falling due within one year:   (319,007) (372,950)
Net current assets (liabilities): (257,241) (331,815)
Total assets less current liabilities: 499,574 443,026
Creditors: amounts falling due after more than one year:   (49,381) (54,815)
Provision for liabilities: (84,415) (87,221)
Total net assets (liabilities): 365,778 300,990
Capital and reserves
Called up share capital: 1,125 1,125
Revaluation reserve:5355,375355,375
Profit and loss account: 9,278 (55,510)
Shareholders funds: 365,778 300,990

The notes form part of these financial statements

SET (MARINA) LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 January 2025
and signed on behalf of the board by:

Name: Mr Scott Glover
Status: Director

The notes form part of these financial statements

SET (MARINA) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SET (MARINA) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

SET (MARINA) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 170,000
At 31 December 2024 170,000
Amortisation
At 01 January 2024 24,197
Charge for year 6,800
At 31 December 2024 30,997
Net book value
At 31 December 2024 139,003
At 31 December 2023 145,803

SET (MARINA) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 743,247
At 31 December 2024 743,247
Depreciation
At 01 January 2024 114,209
Charge for year 11,226
At 31 December 2024 125,435
Net book value
At 31 December 2024 617,812
At 31 December 2023 629,038

SET (MARINA) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Revaluation reserve

2024
£
Balance at 01 January 2024 355,375
Surplus or deficit after revaluation 0
Balance at 31 December 2024 355,375

SET (MARINA) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Loans to directors

Name of director receiving advance or credit: Mr Scott Glover
Description of the loan: During the year the company made a loan to the Director. The balance of the loan at the year end was £26,321. The loan has not been subject to interest, and is repayable on demand.
£
Balance at 01 January 2024 0
Advances or credits made: 74,798
Advances or credits repaid: 48,477
Balance at 31 December 2024 26,321