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Registration number: 05233932

106 Marina Residents Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

106 Marina Residents Management Limited

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account and Statement of Retained Earnings

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 6

iXBRL Detailed Profit and Loss Account

7

Accountants' Report

8

 

106 Marina Residents Management Limited

Company Information

Directors

C D Stuteley

A M Tookey

P Brahm

A M Owen

J M Hardy

Company secretary

C D Stuteley

Registered office

106A 106 Marina
St. Leonards-On-Sea
TN38 0BP

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

106 Marina Residents Management Limited

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

C D Stuteley - Company secretary and director

A M Tookey

P Brahm

A M Owen

J M Hardy

Principal activity

The principal activity of the company is property management.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
C D Stuteley
Company secretary and director

 

106 Marina Residents Management Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 30 September 2024

Note

2024
£

2023
£

Turnover

 

45,354

7,600

Administrative expenses

 

(45,354)

(7,600)

Operating profit/(loss)

 

-

-

Profit/(loss) before tax

-

-

Profit/(loss) for the financial year

 

-

-

Retained earnings brought forward

 

-

-

Retained earnings carried forward

 

-

-

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

106 Marina Residents Management Limited

(Registration number: 05233932)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

162

-

Cash at bank and in hand

 

505

673

 

667

673

Creditors: Amounts falling due within one year

5

(660)

(666)

Net assets

 

7

7

Capital and reserves

 

Called up share capital

7

7

Shareholders' funds

 

7

7

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
C D Stuteley
Company secretary and director

 

106 Marina Residents Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom and Wales.

The address of its registered office is:
106A 106 Marina
St. Leonards-On-Sea
TN38 0BP
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

 

106 Marina Residents Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

162

-

162

-

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

660

660

Other creditors

-

6

660

666

 

106 Marina Residents Management Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 30 September 2024

2024
£

2023
£

Turnover/revenue

45,354

7,600

Cost of sales

Opening stock/inventories

-

-

Closing stock/inventories

-

-

Gross profit

45,354

7,600

Distribution costs

Administrative expenses

Audit and accountancy other services

(492)

(637)

Utilities costs

(301)

(233)

Other repairs and maintenance costs

(38,185)

(26,157)

Legal and professional costs

(2,800)

-

Insurance costs

(3,718)

(3,046)

Printing, postage and stationery

(13)

-

Other operational and administration costs

155

22,473

Other operating income

Other items

Profit/(loss) for the financial year

-

-

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
106 Marina Residents Management Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 106 Marina Residents Management Limited for the year ended 30 September 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of 106 Marina Residents Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 106 Marina Residents Management Limited and state those matters that we have agreed to state to the Board of Directors of 106 Marina Residents Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 106 Marina Residents Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 106 Marina Residents Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 106 Marina Residents Management Limited. You consider that 106 Marina Residents Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 106 Marina Residents Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

26 June 2025