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REGISTERED NUMBER: 11114977 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NEWHAVEN MARINA HOLDING COMPANY LIMITED

NEWHAVEN MARINA HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11114977)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEWHAVEN MARINA HOLDING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Ms N K Blencowe
Prof. M C T Blencowe
M Blencowe





REGISTERED OFFICE: 10 Prince Albert Street
Brighton
United Kingdom
East Sussex
BN1 1HE





REGISTERED NUMBER: 11114977 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

NEWHAVEN MARINA HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11114977)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 5,886 3,279
Debtors 5 1,062,908 655,691
Cash at bank and in hand 98,030 27,010
1,166,824 685,980
CREDITORS
Amounts falling due within one year 6 (1,297,585 ) (287,874 )
NET CURRENT (LIABILITIES)/ASSETS (130,761 ) 398,106
TOTAL ASSETS LESS CURRENT LIABILITIES (130,761 ) 398,106

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings (130,770 ) 398,097
(130,761 ) 398,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





Ms N K Blencowe - Director


NEWHAVEN MARINA HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11114977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Newhaven Marina Holding Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 7 (2023 - 7 ) .

4. STOCKS
2024 2023
£    £   
Stocks 5,886 3,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,286 22,989
Amounts owed by associates 968,603 610,649
Other debtors - 3,108
Tax 32,204 -
VAT 28,705 7,300
Accruals 15,110 11,645
1,062,908 655,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,453 30,214
Tax - 32,204
Social security and other taxes 705 3,519
Other creditors 28,278 603
Accruals and deferred income 61,609 81,369
Accrued expenses 1,140,540 139,965
1,297,585 287,874

NEWHAVEN MARINA HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11114977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £300,000 (£2023: £355,000) from The Baron Homes Corporation limited.

At the balance sheet date, the company was owed £550,917 (£2023: £244,423) from Baron's Bay Ltd.

At the balance sheet date, the company was owed £117,686 (£2023: £11,226) from Bell Harbour Limited.

These companies are all under common control.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Ms N K Blencowe.

This was by virtue of her 56% holding of the issued share capital.

9. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The company is party to a lease with Marina Projects to provide management services at the marina. Fees are in the form of a fixed monthly charge of £10,000. A three month notice period is required to break the lease. Accordingly, the company is committed to paying a minimum of £30,000 at the year end date.