REGISTERED NUMBER: 10445295 (England and Wales)

SANDWICH MARINA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Ms T Cekanova

REGISTERED OFFICE:

Sandwich Marina

Sandwich Industrial Estate

Sandwich

Kent

CT13 9LY

REGISTERED NUMBER:

10445295 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Intangible assets

4

33,292

33,417

Tangible assets

5

118,404

113,224

151,696

146,641

CURRENT ASSETS

Debtors

6

67,062

62,624

Cash at bank and in hand

23,460

23,502

90,522

86,126

CREDITORS

Amounts falling due within one year

7

(219,137

)

(212,298

)

NET CURRENT LIABILITIES

(128,615

)

(126,172

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,081

20,469

CREDITORS

Amounts falling due after more than one year

8

(11,264

)

(22,424

)

PROVISIONS FOR LIABILITIES

(17,301

)

(21,513

)

NET LIABILITIES

(5,484

)

(23,468

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,584

)

(23,568

)

(5,484

)

(23,468

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2025 and were signed by:

Ms T Cekanova - Director

1.	STATUTORY INFORMATION

Sandwich Marina 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 property

-

Straight line over twenty years

Plant and machinery

-

15% on reducing balance

Fixture & Fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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 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.

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 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

34,667

AMORTISATION

At 1 April 2024

1,250

Charge for year

125

At 31 March 2025

1,375

NET BOOK VALUE

At 31 March 2025

33,292

At 31 March 2024

33,417

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Fixture &

Motor

property

machinery

Fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

27,500

125,045

47,779

24,962

225,286

Additions

-

8,300

2,190

17,978

28,468

At 31 March 2025

27,500

133,345

49,969

42,940

253,754

DEPRECIATION

At 1 April 2024

8,250

68,993

27,351

7,468

112,062

Charge for year

1,375

9,652

3,393

8,868

23,288

At 31 March 2025

9,625

78,645

30,744

16,336

135,350

NET BOOK VALUE

At 31 March 2025

17,875

54,700

19,225

26,604

118,404

At 31 March 2024

19,250

56,052

20,428

17,494

113,224

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,734

39,725

Sundry debtors

20,000

20,000

VAT

3,328

2,899

67,062

62,624

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

7,155

8,152

Corporation Tax

-

2,982

Social security and other taxes

252

-

Pension Payable

-

69

Directors' current accounts

199,495

189,013

Accrued expenses

2,235

2,082

219,137

212,298

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

11,264

22,424

9.	GOING CONCERN

The company has made a profit during the year but at the balance sheet date, it had net liabilities. The company is reliant on the support by the director, who had lent the company a loan.

On the basis that the director will continue to support the reporting entity for the foreseeable future, the director considers it appropriate to prepare the financial statements on a going concern basis.

The following reproduces the text of the report prepared for the director 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 Director 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 Sandwich Marina Limited for the year ended 31 March 2025 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Sandwich Marina Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sandwich Marina Limited and state those matters that we have agreed to state to the director of Sandwich Marina Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Sandwich Marina Limited 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 Sandwich Marina Limited. You consider that Sandwich Marina 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 financial statements of Sandwich Marina 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 financial statements.

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

1 October 2025