REGISTERED NUMBER: 05552427 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

TDM MARINE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I Lord

G M Arnold

SECRETARY:

G M Arnold

REGISTERED OFFICE:

Global House

1 Ashley Avenue

Epsom

Surrey

KT18 5AD

REGISTERED NUMBER:

05552427 (England and Wales)

ACCOUNTANTS:

BDA Associates Limited

Chartered Accountants

Global House

1 Ashley Avenue

Epsom

Surrey

KT18 5AD

FIXED ASSETS

Intangible assets

4

75,604

94,507

Tangible assets

5

1,427,010

1,407,342

Investments

6

3,575

3,575

1,506,189

1,505,424

CURRENT ASSETS

Stocks

28,913

24,500

Debtors

7

13,746

35,083

42,659

59,583

CREDITORS

Amounts falling due within one year

8

266,090

322,679

NET CURRENT LIABILITIES

(223,431

)

(263,096

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,282,758

1,242,328

CREDITORS

Amounts falling due after more than one year

9

(753,120

)

(685,852

)

PROVISIONS FOR LIABILITIES

(5,193

)

(1,355

)

NET ASSETS

524,445

555,121

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

504,445

535,121

SHAREHOLDERS' FUNDS

524,445

555,121

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.

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 29 September 2025 and were signed on its behalf by:

I Lord - Director

1.	STATUTORY INFORMATION

TDM 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.

Turnover

Turnover represents goods and services, invoiced net of VAT, derived from the principal activity of operating a yacht marina and moorings in the United Kingdom. Ancillary income is also derived from rents on the buildings and car park at the marina.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and property

-

2% on cost and no depreciation provided

Improvements to property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

378,050

AMORTISATION

At 1 January 2024

283,543

Charge for year

18,903

At 31 December 2024

302,446

NET BOOK VALUE

At 31 December 2024

75,604

At 31 December 2023

94,507

5.	TANGIBLE FIXED ASSETS

Freehold

Improvements

land and

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

1,345,807

80,094

53,640

Additions

-

-

30,000

At 31 December 2024

1,345,807

80,094

83,640

DEPRECIATION

At 1 January 2024

10,589

14,418

53,640

Charge for year

1,966

1,602

6,000

At 31 December 2024

12,555

16,020

59,640

NET BOOK VALUE

At 31 December 2024

1,333,252

64,074

24,000

At 31 December 2023

1,335,218

65,676

-

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

20,113

2,000

12,963

1,514,617

Additions

-

-

1,469

31,469

At 31 December 2024

20,113

2,000

14,432

1,546,086

DEPRECIATION

At 1 January 2024

17,942

2,000

8,686

107,275

Charge for year

326

-

1,907

11,801

At 31 December 2024

18,268

2,000

10,593

119,076

NET BOOK VALUE

At 31 December 2024

1,845

-

3,839

1,427,010

At 31 December 2023

2,171

-

4,277

1,407,342

Included in cost of land and buildings is freehold land of £ 1,247,513 (2023 - £ 1,247,513 ) which is not depreciated.

Included in additions under plant and machinery and land and property are assets that have been capitalised under finance leases.

6.	FIXED ASSET INVESTMENTS

Investment

in group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

3,575

NET BOOK VALUE

At 31 December 2024

3,575

At 31 December 2023

3,575

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

9,792

26,501

Other debtors

3,954

8,582

13,746

35,083

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

45,622

71,538

Finance leases

1,127

6,763

Trade creditors

24,260

24,378

Taxation and social security

86,016

132,985

Other creditors

109,065

87,015

266,090

322,679

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

628,432

638,747

Finance leases

-

1,127

Other creditors

124,688

45,978

753,120

685,852

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

503,864

445,565

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

20,122

49,213

Bank loans

653,932

661,072

Finance leases

1,127

7,890

675,181

718,175

The bank loan and overdraft are secured on the assets of the business and by limited personal guarantee by the directors.

The leased assets are secured on the assets concerned.