Registered number
01394515
MARINE GARDENS (SELSEY) MANAGEMENT LIMITED
Filleted Accounts
31 March 2025
MARINE GARDENS (SELSEY) MANAGEMENT LIMITED
Registered number: 01394515
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 794 506
Current assets
Cash at bank and in hand - 27,677
Creditors: amounts falling due within one year 4 - (90)
Net current assets - 27,587
Net assets 794 28,093
Capital and reserves
Called up share capital 200 200
Profit and loss account 594 27,893
Shareholders' funds 794 28,093
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Reynolds
Director
Approved by the board on 18 May 2025
MARINE GARDENS (SELSEY) MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes service charges received from property owners for the maintenace of the estate.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 April 2024 506
Revaluation 288
At 31 March 2025 794
Historical cost
At 1 April 2024 621
At 31 March 2025 621
4 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors - 90
5 Controlling party
There is no controlling party the 20 issued shares being held by 20 independent parties.
6 Other information
MARINE GARDENS (SELSEY) MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
119 High Street
Selsey
Chichester
West Sussex
PO20 0QB
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