Registration number: 10329470

Whixall Marina Leisure Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Whixall Marina Leisure Limited

Company Information

Directors

D V Grocott L M Grocott D H McGowan

Company secretary

N B Foster

Registered office

Brookdale Station Road Prees Shropshire SY13 2DW

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Whixall Marina Leisure Limited

(Registration number: 10329470)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1	1
Tangible assets	5	111,633	137,982
		111,634	137,983
Current assets
Stocks	6	11,418	9,621
Debtors	7	169,718	182,431
Cash at bank and in hand		43,074	54,536
		224,210	246,588
Creditors: Amounts falling due within one year	8	(250,254)	(298,440)
Net current liabilities		(26,044)	(51,852)
Total assets less current liabilities		85,590	86,131
Provisions for liabilities		(27,965)	(34,495)
Net assets		57,625	51,636
Capital and reserves
Called up share capital	9	1	1
Retained earnings		57,624	51,635
Shareholders' funds		57,625	51,636

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Whixall Marina Leisure Limited

(Registration number: 10329470)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 December 2025 and signed on its behalf by:
 

L M Grocott Director

D H McGowan Director

Whixall Marina Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Brookdale
Station Road
Prees
Shropshire
SY13 2DW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Whixall Marina Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line
Motor vehicles	33.3% straight line
Leisure boat	5% straight line
Fixtures and fittings	33.3% straight line
Pontoons	over 13 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Whixall Marina Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 20).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	1	1
At 31 March 2025	1	1
Carrying amount
At 31 March 2025	1	1
At 31 March 2024	1	1

Whixall Marina Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles & Leisure boats  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2024	58,385	11,800	274,280	344,465
Additions	8,091	-	527	8,618
At 31 March 2025	66,476	11,800	274,807	353,083
Depreciation
At 1 April 2024	45,005	10,824	150,654	206,483
Charge for the year	11,411	976	22,580	34,967
At 31 March 2025	56,416	11,800	173,234	241,450
Carrying amount
At 31 March 2025	10,060	-	101,573	111,633
At 31 March 2024	13,380	976	123,626	137,982

6

Stocks

	2025 £	2024 £
Other inventories	11,418	9,621

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		85,755	103,058
Amounts owed by related parties		46,066	44,581
Prepayments		37,897	34,792
		169,718	182,431

Whixall Marina Leisure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		22,996	42,671
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	48,068
Taxation and social security		42,555	28,107
Accruals and deferred income		174,358	170,354
Other creditors		10,345	9,240
		250,254	298,440

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

10	Parent and ultimate parent undertaking

The company's immediate parent is Whixall Marina Property Limited, incorporated in England and Wales.

 The ultimate parent is Grocott Developments Limited, incorporated in England and Wales.