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Registered Number: 05523814
England and Wales

 

 

 

MARINA HOTELS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 4 2,118,613    2,188,284 
2,118,613    2,188,284 
Current assets      
Stocks 5 3,955    4,015 
Debtors 6 89,049    78,328 
Cash at bank and in hand (4,099)   3,744 
88,905    86,087 
Creditors: amount falling due within one year 7 (380,349)   (369,985)
Net current assets (291,444)   (283,898)
 
Total assets less current liabilities 1,827,169    1,904,386 
Creditors: amount falling due after more than one year 8 (3,250,819)   (3,361,971)
Net assets (1,423,650)   (1,457,585)
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account (1,423,652)   (1,457,587)
Shareholders' funds (1,423,650)   (1,457,585)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 September 2025 and were signed on its behalf by:


-------------------------------
Rajesh Malhotra
Director
1
General Information
Marina Hotels Limited is a private company, limited by shares, registered in England and Wales, registration number 05523814, registration address 91-95 Blandford Street, Newcastle upon Tyne, NE1 3PZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements are prepared under the going concern convention and the directors have indicated their agreement to their continuing support of the company'
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 2% Straight Line
Plant and Machinery 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 12 (2023 : 17).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2024 50,000    50,000 
Additions -    - 
Disposals -    - 
At 31 December 2024 50,000    50,000 
Amortisation
At 01 January 2024 50,000    50,000 
Charge for year -    - 
On disposals -    - 
At 31 December 2024 50,000    50,000 
Net book values
At 31 December 2024 -    - 
At 31 December 2023 -    - 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 January 2024 3,430,419    713,943    4,144,362 
Additions -    -    - 
Disposals -    -    - 
At 31 December 2024 3,430,419    713,943    4,144,362 
Depreciation
At 01 January 2024 1,246,385    709,693    1,956,078 
Charge for year 68,608    1,063    69,671 
On disposals -    -    - 
At 31 December 2024 1,314,993    710,756    2,025,749 
Net book values
Closing balance as at 31 December 2024 2,115,426    3,187    2,118,613 
Opening balance as at 01 January 2024 2,184,034    4,250    2,188,284 


5.

Stocks

2024
£		   2023
£
Finished Goods 3,955    4,015 
3,955    4,015 

6.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 73,209    73,209 
Prepayments & Accrued Income 15,144    4,423 
Other Debtors 696    696 
89,049    78,328 

7.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 77,175    70,263 
Bank Loans & Overdrafts 221,595    221,595 
PAYE & Social Security 5,449    6,117 
Accrued Expenses 30,645    30,017 
Pension Control Account 5,775    1,577 
VAT 39,710    40,416 
380,349    369,985 

8.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 132,280    337,406 
Other long-term loans 3,118,539    3,024,565 
3,250,819    3,361,971 

2