Marityne Marine Projects Limited - Accounts to registrar (filleted) - small 23.2.5

Marityne Marine Projects Limited - Accounts to registrar (filleted) - small 23.2.5

MARITYNE MARINE PROJECTS LIMITED - Company Information

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REGISTERED NUMBER: 05568482 (England and Wales)













Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024

for

Marityne Marine Projects Limited
Marityne Marine Projects Limited (Registered number: 05568482)






Contents of the Financial Statements
for the period 1 October 2022 to 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Marityne Marine Projects Limited

Company Information
for the period 1 October 2022 to 31 March 2024







DIRECTOR: C D Bond





SECRETARY: P M Bond





REGISTERED OFFICE: Normanhurst
Westoe Village
South Shields
Tyne & Wear
NE33 3EB





REGISTERED NUMBER: 05568482 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG
Page 1
Marityne Marine Projects Limited (Registered number: 05568482)

Statement of Financial Position
31 March 2024

2024 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 1,409 498,032
Investments 6 - 120,364
Cash at bank 50,934 56,445
52,343 674,841
CREDITORS
Amounts falling due within one year 7 47,957 148,425
NET CURRENT ASSETS 4,386 526,416
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,386
526,416

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 4,086 526,116
SHAREHOLDERS' FUNDS 4,386 526,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 April 2024 and were signed by:





C D Bond - Director


The notes form part of these financial statements

Page 2
Marityne Marine Projects Limited (Registered number: 05568482)

Notes to the Financial Statements
for the period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

Marityne Marine Projects Limited 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover represents sales of goods & services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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
Computer equipment - 33% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 3 continued...
Marityne Marine Projects Limited (Registered number: 05568482)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Amounts recoverable on contracts
Amounts recoverable on contracts are valued using a percentage of completion method by reference to amounts applied for on specific contracts. Consideration is then made for any losses/bad debt risk which may be suffered, on a contract by contract basis.

Listed investments
Listed investments are included within current assets at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 31 March 2024 19,265
DEPRECIATION
At 1 October 2022
and 31 March 2024 19,265
NET BOOK VALUE
At 31 March 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 1,409 498,032

6. CURRENT ASSET INVESTMENTS
2024 2022
£    £   
Listed investments - 120,364

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other creditors 47,957 148,425

8. ULTIMATE CONTROLLING PARTY

The controlling party is C D Bond.

Page 4