Company registration number: 09555272
Unaudited financial statements
for the year ended 31 March 2025
for
Marine Drive Properties Limited
Pages for filing with the Registrar
Company registration number: 09555272
Marine Drive Properties Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 259,668 259,716
259,668 259,716
Current assets
Debtors 2,012 1,932
Cash at bank and in hand 1,156 11
3,168 1,943
Creditors: amounts falling due within one
year 		(335,343) (321,002)
Net current liabilities (332,175) (319,059)
Total assets less current liabilities (72,507) (59,343)
NET LIABILITIES (72,507) (59,343)
Capital and reserves
Called up share capital 1 1
Profit and loss account (72,508) (59,344)
TOTAL EQUITY (72,507) (59,343)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 09555272
Marine Drive Properties Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs J White, Director
4 November 2025
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Marine Drive Properties Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Marine Drive Properties Limited is a private company registered in England and Wales. Its registered number is 09555272. The company is limited by shares. Its registered office is Westfield, Park Hill Road, Garstang, Preston, Lancashire, PR3 1EL.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Land and buildings:
Freehold property - 0% reducing balance
Plant and machinery etc.:
Fixtures & fittings - 10% reducing balance
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 259,240 1,097 260,337
At 31 March 2025 259,240 1,097 260,337
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Marine Drive Properties Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets - continued
Depreciation
At 1 April 2024 - 621 621
Charge for year - 48 48
At 31 March 2025 - 669 669
Net book value
At 31 March 2025 259,240 428 259,668
At 31 March 2024 259,240 476 259,716
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024.
2025 2024
£ £
Balance outstanding at start of year (300,704) (288,148)
Amounts advanced (14,523) (12,556)
Balance outstanding at end of year (315,227) (300,704)
There are no guarantees granted to the director.
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