Marine & Marina Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06592542 (England and Wales)

MARINE & MARINA MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T R Mason

Mrs M J Mason

SECRETARY:

Mrs M J Mason

REGISTERED OFFICE:

Sunnyhill

Cheriton

Stackpole

Pembroke

Pembrokeshire

SA71 5BY

REGISTERED NUMBER:

06592542 (England and Wales)

ACCOUNTANTS:

Llewelyn Davies

Chartered Accountants

50 Queen Street

Pembroke Dock

Pembrokeshire

SA72 6JE

FIXED ASSETS

Tangible assets

4

2,689

2,736

CURRENT ASSETS

Debtors

5

63,932

81,882

Cash at bank

144

38,802

64,076

120,684

CREDITORS

Amounts falling due within one year

6

2,091

38,296

NET CURRENT ASSETS

61,985

82,388

TOTAL ASSETS LESS CURRENT LIABILITIES

64,674

85,124

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

64,672

85,122

SHAREHOLDERS' FUNDS

64,674

85,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 July 2019 and were signed on its behalf by:

Mr T R Mason - Director

1.	STATUTORY INFORMATION

Marine & Marina Management Ltd is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2017

624

2,700

714

4,038

Additions

-

-

799

799

At 31 October 2018

624

2,700

1,513

4,837

DEPRECIATION

At 1 November 2017

94

972

236

1,302

Charge for year

79

346

421

846

At 31 October 2018

173

1,318

657

2,148

NET BOOK VALUE

At 31 October 2018

451

1,382

856

2,689

At 31 October 2017

530

1,728

478

2,736

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,685

280

Other debtors

61,247

81,602

63,932

81,882

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

2,091

38,296

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2018

and 31 October 2017:

2018

2017

£

£

Mr T R Mason and Mrs M J Mason

Balance outstanding at start of year

(37,503

)

37,902

Amounts advanced

61,472

24,704

Amounts repaid

(24,934

)

(100,109

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(965

)

(37,503

)