| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| for |
| Cardinal Point Marine Ltd. |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| for |
| Cardinal Point Marine Ltd. |
| Cardinal Point Marine Ltd. (Registered number: 07857079) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4 |
| Cardinal Point Marine Ltd. |
| Company Information |
| for the Year Ended 30 November 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Old Stables |
| Sutton Manor Farm |
| Bishops Sutton |
| Alresford |
| Hampshire |
| SO24 0AA |
| Cardinal Point Marine Ltd. (Registered number: 07857079) |
| Balance Sheet |
| 30 November 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| Cardinal Point Marine Ltd. (Registered number: 07857079) |
| Statement of Changes in Equity |
| for the Year Ended 30 November 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 December 2022 |
| Changes in equity |
| Profit for the year | - | 17,507 | 17,507 |
| Total comprehensive income | - |
| Dividends | - | ( |
) | ( |
) |
| Balance at 30 November 2023 |
| Changes in equity |
| Profit for the year | - | 34,953 | 34,953 |
| Total comprehensive income | - |
| Dividends | - | ( |
) | ( |
) |
| Balance at 30 November 2024 |
| Cardinal Point Marine Ltd. (Registered number: 07857079) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2024 |
| 1. | STATUTORY INFORMATION |
| Cardinal Point Marine Ltd. is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates and other sales taxes. |
| Tangible fixed assets |
| Computer equipment | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 December 2023 |
| and 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| Cardinal Point Marine Ltd. (Registered number: 07857079) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Corporation tax |
| Social security and other taxes | ( |
) |
| Directors' current accounts | 2,466 | - |
| Accrued expenses |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 49 | 49 |
| Ordinary 'A' | £1 | 51 | 51 |
| 100 | 100 |
| The Ordinary shares carry full voting rights, entitlement to dividends and any distribution made on a winding up of the company. |
| The Ordinary 'A' shares only carry full voting rights. |
| 8. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £20,401 (2023 - £31,796) were paid to the director . |
| Mr M R Powell |
| Director |
| During the period under review Mr M R Powell incurred expenses on behalf of the company amounting to £780 (2023 - £780). |
| At the balance sheet date the balance owed to Mr M R Powell was £2,466 (2023 - £nil). |