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Company Registration No. 03003940 (England and Wales)
Harbourside Marina Limited Unaudited accounts for the year ended 31 March 2025
Harbourside Marina Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Harbourside Marina Limited Company Information for the year ended 31 March 2025
Directors
Chloe Alexandra Beard David McNeil
Company Number
03003940 (England and Wales)
Registered Office
B1 Vantage Park Old Gloucester Road Hambrook Bristol BS161GW United Kingdom
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Harbourside Marina Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
988,605
977,180
Current assets
Debtors
5
57,062
222,793
Cash at bank and in hand
224,669
119,525
281,731
342,318
Creditors: amounts falling due within one year
6
(488,655)
(593,118)
Net current liabilities
(206,924)
(250,800)
Total assets less current liabilities
781,681
726,380
Creditors: amounts falling due after more than one year
7
(666,176)
(564,898)
Net assets
115,505
161,482
Capital and reserves
Called up share capital
332,142
332,142
Share premium
62,426
62,426
Capital redemption reserve
32,143
32,143
Profit and loss account
(311,206)
(265,229)
Shareholders' funds
115,505
161,482
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2026 and were signed on its behalf by
David McNeil Director Company Registration No. 03003940
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Harbourside Marina Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Harbourside Marina Limited is a private company, limited by shares, registered in England and Wales, registration number 03003940. The registered office is B1 Vantage Park, Old Gloucester Road, Hambrook, Bristol, BS161GW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the term of the lease
Plant & machinery
From 7.5% per annum straight line to 15% per annum reducing balance
Motor vehicles
25% per annum, straight line
Fixtures & fittings
20% per annum, straight line
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Harbourside Marina Limited Notes to the Accounts for the year ended 31 March 2025
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement Benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
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Harbourside Marina Limited Notes to the Accounts for the year ended 31 March 2025
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Judgements and key sources of estimation uncertainty
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.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
636,781
1,664,655
2,301,436
Additions
-
62,317
62,317
At 31 March 2025
636,781
1,726,972
2,363,753
Depreciation
At 1 April 2024
112,647
1,211,609
1,324,256
Charge for the year
6,387
44,505
50,892
At 31 March 2025
119,034
1,256,114
1,375,148
Net book value
At 31 March 2025
517,747
470,858
988,605
At 31 March 2024
524,134
453,046
977,180
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
20,613
176,104
Accrued income and prepayments
35,900
15,875
Other debtors
549
30,814
57,062
222,793
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Harbourside Marina Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
20,534
65,051
VAT
28,891
22,720
Trade creditors
404,145
278,636
Taxes and social security
212
-
Other creditors
24,099
1,158
Loans from directors
-
39
Accruals
10,774
225,514
488,655
593,118
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Taxes and social security
32,864
32,864
Loans from directors
633,312
532,034
666,176
564,898
8
Average number of employees
During the year the average number of employees was 12 (2024: 12).
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