Company Registration No. NI014663 (Northern Ireland)
Seaton's Marina Limited
Unaudited accounts
for the year ended 31 January 2025
Seaton's Marina Limited
Statement of financial position
as at 31 January 2025
Tangible assets
139,595
105,722
Cash at bank and in hand
45,398
67,438
Creditors: amounts falling due within one year
(27,968)
(24,774)
Net current assets
24,224
51,773
Net assets
163,819
157,495
Called up share capital
4,000
4,000
Profit and loss account
159,819
153,495
Shareholders' funds
163,819
157,495
For the year ending 31 January 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Jill Seaton
Director
Company Registration No. NI014663
Seaton's Marina Limited
Notes to the Accounts
for the year ended 31 January 2025
Seaton's Marina Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI014663. The registered office is 10 Drumslade, Coleraine, BT52 1SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight line
Plant & machinery
10% Reducing-Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of mooring services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The directors believe that the company Seaton's Marina Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Seaton's Marina Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 February 2024
27,388
185,211
212,599
At 31 January 2025
27,388
236,390
263,778
At 1 February 2024
-
106,877
106,877
Charge for the year
-
17,306
17,306
At 31 January 2025
-
124,183
124,183
At 31 January 2025
27,388
112,207
139,595
At 31 January 2024
27,388
78,334
105,722
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
480
Other creditors
2,418
2,419
Loans from directors
25,000
-
Allotted, called up and fully paid:
3,000 Ordinary shares of £1 each
3,000
3,000
1,000 Ordinary A Shares of £1 each
1,000
1,000
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).