For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Brighton Marina Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o The Brighton Marina Company Ltd, Brighton Marina Village, Brighton, BN2 5UF.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements contain information about Brighton Marina Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for the forseeable future.true

Investment in subsidiary undertakings are recognised at cost.

The tax expense represents the sum of the tax currently payable 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 payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The loan balance of £29,933,911 owed by Outer Harbour Development Limited has been written off during the year and recognised in the profit or loss as an exceptional item.

The fixed asset investment balance was considered to be impaired by £15,232,764 as the the balance sheet date. This impairment has been recognised as an exceptional item in the profit and loss.

No liability to UK Corporation Tax arose for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Other creditors includes amounts of £4,999,962 (2024: £4,999,962) which was loaned by R A Goodall (a Director and shareholder) and £43,705,088 (2024: £43,705,088) which was loaned by ICG Longbow Development (Brighton) Limited (a shareholder). Both these loans are repayable on demand.

Outer Harbour Development Limited has a loan outstanding of £nil (2024: £32,207,686) at the balance sheet date. The loan has been written off in the year ended 31 March 2025.

The Brighton Marina Company Limited has a loan outstanding of £200,000 (2024: £200,000) at the balance sheet date. The loan is repayable on demand and is shown in Creditors, Amounts owed to group undertakings.

Loan from Brunswick Development Group Limited of £nil (2024: £2,273,775) was outstanding at the balance sheet date. This loan was fully repaid in May 2024.

The company is controlled by R A Goodall and ICG Longbow Development (Brighton) Limited.