Silverfin false false 31/12/2024 01/01/2024 31/12/2024 C J Ellis 01/08/2020 B M Julius 01/12/2012 B Julius 08/06/2015 G Julius 12/01/1995 J J Ludlow 10/04/2024 15/01/2021 13 May 2025 The principal activity of the Company during the financial year was that of marine events and management. 03009277 2024-12-31 03009277 bus:Director1 2024-12-31 03009277 bus:Director2 2024-12-31 03009277 bus:Director3 2024-12-31 03009277 bus:Director4 2024-12-31 03009277 bus:Director5 2024-12-31 03009277 2023-12-31 03009277 core:CurrentFinancialInstruments 2024-12-31 03009277 core:CurrentFinancialInstruments 2023-12-31 03009277 core:Non-currentFinancialInstruments 2024-12-31 03009277 core:Non-currentFinancialInstruments 2023-12-31 03009277 core:ShareCapital 2024-12-31 03009277 core:ShareCapital 2023-12-31 03009277 core:SharePremium 2024-12-31 03009277 core:SharePremium 2023-12-31 03009277 core:RetainedEarningsAccumulatedLosses 2024-12-31 03009277 core:RetainedEarningsAccumulatedLosses 2023-12-31 03009277 core:LandBuildings 2023-12-31 03009277 core:PlantMachinery 2023-12-31 03009277 core:FurnitureFittings 2023-12-31 03009277 core:OfficeEquipment 2023-12-31 03009277 core:LandBuildings 2024-12-31 03009277 core:PlantMachinery 2024-12-31 03009277 core:FurnitureFittings 2024-12-31 03009277 core:OfficeEquipment 2024-12-31 03009277 bus:OrdinaryShareClass1 2024-12-31 03009277 bus:OrdinaryShareClass2 2024-12-31 03009277 2024-01-01 2024-12-31 03009277 bus:FilletedAccounts 2024-01-01 2024-12-31 03009277 bus:SmallEntities 2024-01-01 2024-12-31 03009277 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03009277 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03009277 bus:Director1 2024-01-01 2024-12-31 03009277 bus:Director2 2024-01-01 2024-12-31 03009277 bus:Director3 2024-01-01 2024-12-31 03009277 bus:Director4 2024-01-01 2024-12-31 03009277 bus:Director5 2024-01-01 2024-12-31 03009277 core:LandBuildings core:BottomRangeValue 2024-01-01 2024-12-31 03009277 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 03009277 core:PlantMachinery 2024-01-01 2024-12-31 03009277 core:FurnitureFittings 2024-01-01 2024-12-31 03009277 core:OfficeEquipment core:TopRangeValue 2024-01-01 2024-12-31 03009277 2023-05-01 2023-12-31 03009277 core:LandBuildings 2024-01-01 2024-12-31 03009277 core:OfficeEquipment 2024-01-01 2024-12-31 03009277 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 03009277 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 03009277 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 03009277 bus:OrdinaryShareClass1 2023-05-01 2023-12-31 03009277 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 03009277 bus:OrdinaryShareClass2 2023-05-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03009277 (England and Wales)

ONYX MARINE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ONYX MARINE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ONYX MARINE LIMITED

BALANCE SHEET

As at 31 December 2024
ONYX MARINE LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 52,145 66,034
52,145 66,034
Current assets
Debtors 4 87,653 112,062
Cash at bank and in hand 510 191
88,163 112,253
Creditors: amounts falling due within one year 5 ( 222,226) ( 155,875)
Net current liabilities (134,063) (43,622)
Total assets less current liabilities (81,918) 22,412
Creditors: amounts falling due after more than one year 6 ( 288,550) ( 312,527)
Net liabilities ( 370,468) ( 290,115)
Capital and reserves
Called-up share capital 7 111 111
Share premium account 4,280 4,280
Profit and loss account ( 374,859 ) ( 294,506 )
Total shareholders' deficit ( 370,468) ( 290,115)

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

Directors' responsibilities:

The financial statements of Onyx Marine Limited (registered number: 03009277) were approved and authorised for issue by the Board of Directors on 13 May 2025. They were signed on its behalf by:

G Julius
Director
ONYX MARINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ONYX MARINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Onyx Marine Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is B1 Ricardo Way, Ampress Park, LYMINGTON, Hampshire, SO41 8JW.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Land and buildings 7 - 10 years straight line
Plant and machinery 15 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

2. Employees

Year ended
31.12.2024
Period from
01.05.2023 to
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 9

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 January 2024 78,670 54,426 35,254 57,211 225,561
Additions 0 0 745 0 745
At 31 December 2024 78,670 54,426 35,999 57,211 226,306
Accumulated depreciation
At 01 January 2024 42,624 36,241 29,425 51,237 159,527
Charge for the financial year 3,871 3,586 1,206 5,971 14,634
At 31 December 2024 46,495 39,827 30,631 57,208 174,161
Net book value
At 31 December 2024 32,175 14,599 5,368 3 52,145
At 31 December 2023 36,046 18,185 5,829 5,974 66,034

4. Debtors

31.12.2024 31.12.2023
£ £
Amounts owed by Group undertakings 46,835 65,998
Amounts owed by directors 21,271 19,075
Prepayments 9,362 22,752
VAT recoverable 1,277 904
Corporation tax 4,202 884
Other debtors 4,706 2,449
87,653 112,062

5. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Bank loans and overdrafts 69,363 50,659
Trade creditors 9,446 46,275
Amounts owed to Group undertakings 141,771 79,278
Taxation and social security 106 ( 2,894)
Other creditors 1,540 ( 17,443)
222,226 155,875

Included within the bank loans and overdrafts balance a fixed and floating charge is held over the assets to which they relate.

6. Creditors: amounts falling due after more than one year

31.12.2024 31.12.2023
£ £
Bank loans 288,550 312,527

A fixed and floating charge is held over the assets to which they relate.

7. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 0.01 each 100 100
1,112 Ordinary A shares of £ 0.01 each 11 11
111 111

8. Related party transactions

Transactions with the entity's directors

31.12.2024 31.12.2023
£ £
Loans to directors 21,271 18,638

Interest has been charged at the official rate of interest.

9. Ultimate controlling party

Parent Company:

Creating the Magic Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW