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REGISTERED NUMBER: 12453539 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

WEST MARINA ST LEONARDS
LIMITED

WEST MARINA ST LEONARDS
LIMITED (REGISTERED NUMBER: 12453539)

Contents of the Financial Statements
for the year ended 31st May 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


WEST MARINA ST LEONARDS
LIMITED

Company Information
for the year ended 31st May 2024







DIRECTORS: Mr G J Blackford
Mr M Deme
Ms A M Vint
Mr P S Isaacs
Mr E P R Orr





SECRETARY: Barrons Limited





REGISTERED OFFICE: Townfield House
27-29 Townfield Street
Chelmsford
Essex
CM1 1QL





REGISTERED NUMBER: 12453539 (England and Wales)





ACCOUNTANTS: Barrons Limited
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
West Marina St Leonards
Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Marina St Leonards Limited for the year ended 31st May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of West Marina St Leonards Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of West Marina St Leonards Limited and state those matters that we have agreed to state to the Board of Directors of West Marina St Leonards Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Marina St Leonards Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that West Marina St Leonards Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of West Marina St Leonards Limited. You consider that West Marina St Leonards Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of West Marina St Leonards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Barrons Limited
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN


26th February 2025

WEST MARINA ST LEONARDS
LIMITED (REGISTERED NUMBER: 12453539)

Balance Sheet
31st May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 410,955 340,620
Debtors 4 425 15,492
Cash at bank 29 -
411,409 356,112
CREDITORS
Amounts falling due within one year 5 414,494 357,642
NET CURRENT LIABILITIES (3,085 ) (1,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,085

)

(1,530

)

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (3,285 ) (1,730 )
SHAREHOLDERS' FUNDS (3,085 ) (1,530 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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.

The financial statements were approved by the Board of Directors and authorised for issue on 26th February 2025 and were signed on its behalf by:





Mr P S Isaacs - Director


WEST MARINA ST LEONARDS
LIMITED (REGISTERED NUMBER: 12453539)

Notes to the Financial Statements
for the year ended 31st May 2024


1. STATUTORY INFORMATION

West Marina St Leonards Limited is a private company, limited by shares , registered in England and Wales. 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
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If Stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.

WEST MARINA ST LEONARDS
LIMITED (REGISTERED NUMBER: 12453539)

Notes to the Financial Statements - continued
for the year ended 31st May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 425 15,492

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 300 66
Amounts owed to participating interests 185,413 193,576
Other creditors 228,781 164,000
414,494 357,642

6. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £185,413 (2023: £193,576) to companies with a participating interest.