REGISTERED NUMBER: 04166746 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

BLACKWATER MARINA LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

I R Wilson

SECRETARY:

Mrs J A Wilson

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

04166746 (England and Wales)

ACCOUNTANTS:

TC Group

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Property, plant and equipment

4

438,531

435,570

CURRENT ASSETS

Inventories

10,750

27,638

Debtors

5

103,464

125,624

Cash at bank and in hand

86,925

51,280

201,139

204,542

CREDITORS

Amounts falling due within one year

6

111,206

69,756

NET CURRENT ASSETS

89,933

134,786

TOTAL ASSETS LESS CURRENT LIABILITIES

528,464

570,356

CREDITORS

Amounts falling due after more than one year

7

(440,811

)

(487,389

)

PROVISIONS FOR LIABILITIES

(14,393

)

(12,526

)

NET ASSETS

73,260

70,441

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

73,258

70,439

SHAREHOLDERS' FUNDS

73,260

70,441

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

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

The director acknowledges his 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 director and authorised for issue on 8th December 2025 and were signed by:

I R Wilson - Director

1.	STATUTORY INFORMATION

Blackwater 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.

The company continues to trade profitability and is expected to keep generating positive cash flows for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents net invoiced sales of goods, rental and storage income, excluding 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.

Improvements to property

-

straight line over 25 years

Plant and machinery

-

15% on reducing balance

Stocks

Inventories 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.

Hire purchase and leasing commitments

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

Freehold land & buildings

No depreciation has been provided on the freehold land and buildings, as in the opinion of the director the residual value is in excess of the cost as stated in these accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2024

350,487

174,000

232,099

20,739

777,325

Additions

-

-

3,237

24,800

28,037

At 31st March 2025

350,487

174,000

235,336

45,539

805,362

DEPRECIATION

At 1st April 2024

-

156,830

171,490

13,435

341,755

Charge for year

-

6,865

9,577

8,634

25,076

At 31st March 2025

-

163,695

181,067

22,069

366,831

NET BOOK VALUE

At 31st March 2025

350,487

10,305

54,269

23,470

438,531

At 31st March 2024

350,487

17,170

60,609

7,304

435,570

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

32,434

63,094

Other debtors

67,002

58,502

Due from related companies

4,028

4,028

103,464

125,624

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,469

5,355

Trade creditors

12,381

29,809

Social security and other taxes

1,444

1,321

VAT

26,774

18,947

Other creditors

46,238

1,724

Due to related companies

6,300

-

Directors' current accounts

8,900

8,900

Accruals and deferred income

3,700

3,700

111,206

69,756

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

5,577

5,515

Bank loans - 2-5 years

17,668

17,504

Bank loans more 5 yr by instal

1,544

7,227

Mortgage

416,022

457,143

440,811

487,389

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,544

7,227

There is a first legal charge secured over the freehold property known as Blackwater Marina, Maylandsea in favour of Barclays Bank Plc. Interest is payable quarterly in arrears at a rate of 1.2% over Barclays base rate. The loan term is for twenty years.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is I R Wilson.