Grosvenor Marine Services Limited - Accounts to registrar (filleted) - small 18.2
Grosvenor Marine Services Limited - Accounts to registrar (filleted) - small 18.2
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| FOR |
| GROSVENOR MARINE SERVICES LIMITED |
| GROSVENOR MARINE SERVICES LIMITED (REGISTERED NUMBER: 00807729) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 March 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GROSVENOR MARINE SERVICES LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 March 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and Statutory Auditors |
| 5th Floor |
| Waverley House |
| 115 - 119 Holdenhurst Road |
| Bournemouth |
| Dorset |
| BH8 8DY |
| GROSVENOR MARINE SERVICES LIMITED (REGISTERED NUMBER: 00807729) |
| BALANCE SHEET |
| 31 March 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 and authorised for issue on |
| GROSVENOR MARINE SERVICES LIMITED (REGISTERED NUMBER: 00807729) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 March 2021 |
| 1. | STATUTORY INFORMATION |
| Grosvenor Marine Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents income from sailing and watersports activities. |
| Tangible fixed assets and depreciation |
| Watercraft | - |
| Watersports equipment | - |
| Computer equipment | - |
| Government grants |
| Grants relating to revenue are recognised as income on a systemic basis over the periods in which the related costs are intended to compensate. Grants relating to assets are recognised as income on a systemic basis over the expected useful life of the asset. |
| 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. |
| 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. |
| Going concern |
| The company has continued to be impacted by the global Covid-19 pandemic, with activities ceasing at various points during the year, and operating at reduced capacity at other times. Whilst this has created a significant number of difficulties for the company, its staff and its customers, the directors are pleased with the resilience the business has shown. |
| The directors in performing their assessment of going concern have considered the availability of intra-group loan and support arrangements for access to cash flows necessary for the day to day running of the company's operations. |
| Having assessed the principal risks the directors consider it appropriate for the accounts to be prepared on a going concern basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| GROSVENOR MARINE SERVICES LIMITED (REGISTERED NUMBER: 00807729) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 March 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Watersports | Computer |
| Watercraft | equipment | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2020 |
| and 31 March 2021 |
| DEPRECIATION |
| At 1 April 2020 |
| Charge for year |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Amounts owed by group companies | 182,725 | 161,911 |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Amount owed to group companies | 53,990 | 49,566 |
| Corporation tax |
| Accruals and deferred income |
| 7. | PROVISIONS FOR LIABILITIES |
| 2021 | 2020 |
| £ | £ |
| Deferred tax | 5,708 | 6,369 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2020 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 March 2021 |
| Deferred tax represents capital allowances in advance of depreciation. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 4 | 4 |
| GROSVENOR MARINE SERVICES LIMITED (REGISTERED NUMBER: 00807729) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 March 2021 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | ULTIMATE PARENT COMPANY |
| The Company is a wholly owned subsidiary of Sandbanks Hotel Limited whose registered office is 5th Floor, Waverley House, 115-119 Holdenhurst Road, Bournemouth, BH8 8DY. |
| The Ultimate Parent Company is FJB Hotels Limited, who owns 100% of the issued share capital in Sandbanks Hotel Limited. |