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REGISTERED NUMBER: 03959451 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OCEAN QUAY MARINA LTD

OCEAN QUAY MARINA LTD (REGISTERED NUMBER: 03959451)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

OCEAN QUAY MARINA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: B Davies
E C Davies





SECRETARY: Z R French





REGISTERED OFFICE: Ocean Quay
Belvidere Road
Southampton
Hampshire
SO14 5QY





REGISTERED NUMBER: 03959451 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

OCEAN QUAY MARINA LTD (REGISTERED NUMBER: 03959451)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 616,537 541,882

CURRENT ASSETS
Debtors 5 32,416 11,277
Cash at bank 302,712 294,038
335,128 305,315
CREDITORS
Amounts falling due within one year 6 112,969 46,708
NET CURRENT ASSETS 222,159 258,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

838,696

800,489

CREDITORS
Amounts falling due after more than one
year

7

-

(25,034

)

PROVISIONS FOR LIABILITIES (9,855 ) (14,971 )
NET ASSETS 828,841 760,484

CAPITAL AND RESERVES
Called up share capital 114 114
Share premium 249,986 249,986
Retained earnings 578,741 510,384
SHAREHOLDERS' FUNDS 828,841 760,484

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

OCEAN QUAY MARINA LTD (REGISTERED NUMBER: 03959451)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





B Davies - Director


OCEAN QUAY MARINA LTD (REGISTERED NUMBER: 03959451)

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


1. STATUTORY INFORMATION

Ocean Quay Marina Ltd 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.

Turnover
Turnover represents rental income and berthing fees receivable during the period, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold - in accordance with the term of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

OCEAN QUAY MARINA LTD (REGISTERED NUMBER: 03959451)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 686,269 105,763 41,706 75,090 908,828
Additions 120,043 - - - 120,043
At 31 December 2024 806,312 105,763 41,706 75,090 1,028,871
DEPRECIATION
At 1 January 2024 270,905 38,131 36,922 20,988 366,946
Charge for year 19,750 13,526 957 11,155 45,388
At 31 December 2024 290,655 51,657 37,879 32,143 412,334
NET BOOK VALUE
At 31 December 2024 515,657 54,106 3,827 42,947 616,537
At 31 December 2023 415,364 67,632 4,784 54,102 541,882

OCEAN QUAY MARINA LTD (REGISTERED NUMBER: 03959451)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 39,730
DEPRECIATION
At 1 January 2024 9,932
Charge for year 5,960
At 31 December 2024 15,892
NET BOOK VALUE
At 31 December 2024 23,838
At 31 December 2023 29,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,894 -
Amounts owed by associates 9,522 9,522
Other debtors 15,000 1,755
32,416 11,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,034 4,315
Trade creditors 7,398 2,146
Amounts owed to associates 12,574 11,007
Taxation and social security 42,512 23,020
Other creditors 25,451 6,220
112,969 46,708

OCEAN QUAY MARINA LTD (REGISTERED NUMBER: 03959451)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 25,034

8. RELATED PARTY DISCLOSURES

At the balance sheet date, £12,574 (2023 - £11,007) was due to associated companies and £9,522 (2023 - £9,522) was due from associated companies. These amounts are interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OCEAN QUAY MARINA LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ocean Quay Marina Ltd for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Ocean Quay Marina Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ocean Quay Marina Ltd. You consider that Ocean Quay Marina Ltd 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 financial statements of Ocean Quay Marina Ltd. 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 financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


17 June 2025