REGISTERED NUMBER: 00724105 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 June 2025

for

The Marina Club Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,008,353

1,041,512

Investments

6

100

-

1,008,453

1,041,512

CURRENT ASSETS

Stocks

12,575

12,075

Debtors

7

17,293

9,479

Cash at bank and in hand

302,751

34,645

332,619

56,199

CREDITORS

Amounts falling due within one year

8

866,713

536,658

NET CURRENT LIABILITIES

(534,094

)

(480,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

474,359

561,053

CREDITORS

Amounts falling due after more than one year

9

-

(9,167

)

PROVISIONS FOR LIABILITIES

(36,625

)

(38,461

)

NET ASSETS

437,734

513,425

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

437,234

512,925

SHAREHOLDERS' FUNDS

437,734

513,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 November 2025 and were signed on its behalf by:

S P Langmaid - Director

1.	STATUTORY INFORMATION

The Marina Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00724105

Registered office:

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

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.

Turnover

Turnover is recognised at 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. Turnover is recognised when the goods and services are physically provided to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised over 5 years on a straight line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Benefit contracts are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Tenants improvements are depreciated over a 20 year straight line method which reflects the useful economic life of the expenditure.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

1

1

2

AMORTISATION

At 1 July 2024

and 30 June 2025

1

1

2

NET BOOK VALUE

At 30 June 2025

-

-

-

At 30 June 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

1,049,831

316,041

1,365,872

Additions

-

16,875

16,875

At 30 June 2025

1,049,831

332,916

1,382,747

DEPRECIATION

At 1 July 2024

171,592

152,768

324,360

Charge for year

16,742

33,292

50,034

At 30 June 2025

188,334

186,060

374,394

NET BOOK VALUE

At 30 June 2025

861,497

146,856

1,008,353

At 30 June 2024

878,239

163,273

1,041,512

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 30 June 2025

100

NET BOOK VALUE

At 30 June 2025

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other debtors

17,293

9,479

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

8,830

12,323

Taxation and social security

82,799

64,545

Other creditors

775,084

449,790

866,713

536,658

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

-

9,167