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REGISTERED NUMBER: 10900974 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

KAZZA MARINE LIMITED

KAZZA MARINE LIMITED (REGISTERED NUMBER: 10900974)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KAZZA MARINE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr A A Hodgson
Mrs K A Hodgson
Mr H D Farrell





REGISTERED OFFICE: Happy Days Caravan Park
Towyn Road
Towyn
Abergele
LL22 9EN





REGISTERED NUMBER: 10900974 (England and Wales)





ACCOUNTANTS: Maddocks & Gamble Limited
Chartered Accountants
Suite 5 Ribble Saw Mill
Paley Road
Preston
Lancashire
PR1 8LT

KAZZA MARINE LIMITED (REGISTERED NUMBER: 10900974)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,711,404 6,057,203

CURRENT ASSETS
Stocks 105,100 133,518
Debtors 5 209,621 185,709
Cash at bank and in hand 985,820 964,170
1,300,541 1,283,397
CREDITORS
Amounts falling due within one year 6 3,552,972 3,785,142
NET CURRENT LIABILITIES (2,252,431 ) (2,501,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,458,973

3,555,458

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 2,600,000 -
Retained earnings 3,857,973 3,554,458
SHAREHOLDERS' FUNDS 6,458,973 3,555,458

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 5 June 2025 and were signed on its behalf by:




Mr A A Hodgson - Director



Mrs K A Hodgson - Director


KAZZA MARINE LIMITED (REGISTERED NUMBER: 10900974)

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

1. STATUTORY INFORMATION

Kazza Marine 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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 and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

KAZZA MARINE LIMITED (REGISTERED NUMBER: 10900974)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 6,000,000 149,708 6,149,708
Additions - 125,005 125,005
Disposals - (79,789 ) (79,789 )
Revaluations 2,600,000 - 2,600,000
At 31 October 2024 8,600,000 194,924 8,794,924
DEPRECIATION
At 1 November 2023 - 92,505 92,505
Charge for year - 37,143 37,143
Eliminated on disposal - (46,128 ) (46,128 )
At 31 October 2024 - 83,520 83,520
NET BOOK VALUE
At 31 October 2024 8,600,000 111,404 8,711,404
At 31 October 2023 6,000,000 57,203 6,057,203

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 2,600,000 - 2,600,000
Cost 6,000,000 194,924 6,194,924
8,600,000 194,924 8,794,924

If freehold property had not been revalued it would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 6,000,000 -

Value of land in freehold land and buildings 6,000,000 -

Freehold property was valued on an open market basis on 15 July 2024 by Savills (UK) Limited .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 118,525 100,934
Other debtors 91,096 84,775
209,621 185,709

KAZZA MARINE LIMITED (REGISTERED NUMBER: 10900974)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 611,020 624,100
Taxation and social security 108,045 197,624
Other creditors 2,833,907 2,963,418
3,552,972 3,785,142

7. RESERVES
Revaluation
reserve
£   
Revaluation of Freehold Property 2,600,000

At 31 October 2024 2,600,000