| Clarence Marina Limited |
| Registered number: |
06017948 |
| Abbreviated Balance Sheet |
| as at 30 September 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
3,592,107 |
|
|
3,695,202 |
|
| Current assets |
| Debtors |
|
|
395,143 |
|
|
112,429 |
| Cash at bank and in hand |
|
|
49,365 |
|
|
13,113 |
|
|
|
444,508 |
|
|
125,542 |
|
| Creditors: amounts falling due within one year |
|
|
(303,279) |
|
|
(222,769) |
|
| Net current assets/(liabilities) |
|
|
|
141,229 |
|
|
(97,227) |
|
| Net assets |
|
|
|
3,733,336 |
|
|
3,597,975 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Capital contribution reserve |
|
|
|
6,356,253 |
|
|
6,356,253 |
| Profit and loss account |
|
|
|
(2,622,919) |
|
|
(2,758,280) |
|
| Shareholders' funds |
|
|
|
3,733,336 |
|
|
3,597,975 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| RJ Smith |
| Director |
| Approved by the board on 24 June 2016 |
|
| Clarence Marina Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the amounts, net of value added tax and discounts, derived from renting of marina berthing, sales of other associated marina goods and services, brokerage commissions, licence fees and rents receivable. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold property |
2% straight line |
|
Plant and machinery |
20% straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Related party transactions |
|
The company has taken advantage of the exemption conferred by FRS8 'Related party disclosures' not to disclose transactions with members of the group headed by Castle Marinas Limited on the grounds that 100% of the voting rights in the company are controlled within that group and the company is included in consolidated financial statements. These are available to the public and may be obtained from the registered office of Castle Marinas Limited. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
4,309,400 |
|
Additions |
1,724 |
|
At 30 September 2015 |
4,311,124 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2014 |
614,198 |
|
Charge for the year |
104,819 |
|
At 30 September 2015 |
719,017 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
3,592,107 |
|
At 30 September 2014 |
3,695,202 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
