Marina View Kingswear Limited 31/12/2021 iXBRL
Marina View Kingswear Limited 31/12/2021 iXBRL
Company registration number:
02646704
Company limited by guarantee
MARINA VIEW KINGSWEAR LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Profit and loss account | 9 |
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_______ | _______ | ||||||||
Members funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 August 2022
, and are signed on behalf of the board by:
Director
Company registration number:
02646704
MARINA VIEW KINGSWEAR LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1.
General information
The company is a private company limited by guarantee, registered in United Kingdom. The address of the registered office is Petitor House, Nicholson Road, Torquay, Devon, TQ2 7TD.
Principal activity
The principal activity of the company is that of a property management company.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Financial instruments
4.
Limited by guarantee
In the event that the company is wound up while he or she is a member or within one year afterwards for payment of the debts and liabilities of the Company contracted before he or she ceases to be a member, each member may be required to contribute a sum not exceeding £1.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
2
).
6.
Tangible assets
Freehold property | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2021 and 31 December 2021 |
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Depreciation | |||
At 1 January 2021 and 31 December 2021 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 31 December 2021 |
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_______ | _______ | ||
At 31 December 2020 |
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_______ | _______ | ||
7.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Trade creditors |
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Accruals and deferred income |
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_______ | _______ | |||
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_______ | _______ | |||
9.
Reserves