Marine & Marina Management Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06592542 (England and Wales)

MARINE & MARINA MANAGEMENT LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

2,160

-

Investments

3

-

5,001

2,160

5,001

CURRENT ASSETS

Debtors

54,268

-

Cash at bank

71,959

1,311

126,227

1,311

CREDITORS

Amounts falling due within one year

13,929

20,273

NET CURRENT ASSETS/(LIABILITIES)

112,298

(18,962

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

114,458

(13,961

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

114,456

(13,963

)

SHAREHOLDERS' FUNDS

114,458

(13,961

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 July 2017 and were signed on its
behalf by:

Mr T R Mason - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis as the directors have

indicated their willingness not to withdraw the amounts due to them until all other creditors have

been met.

Accounting convention

The financial statements 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 net amount invoiced for services provided.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,700

At 31 October 2016

2,700

DEPRECIATION

Charge for year

540

At 31 October 2016

540

NET BOOK VALUE

At 31 October 2016

2,160

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2015

1

Disposals

(1

)

At 31 October 2016

-

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Joint venture

Premier Livestock Ltd

Nature of business: Farming

%

Class of shares:

holding

Ordinary £1

50.00

2016

31/8/15

£

Aggregate capital and reserves

-

200,349

Profit for the year

-

67,906

Loans

£

At 1 November 2015

5,000

Disposals

(5,000

)

At 31 October 2016

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2016

and 31 October 2015:

2016

2015

£

Mr T R Mason and Mrs M J Mason

Balance outstanding at start of year

(19,828

)

(57,994

)

Amounts advanced

57,730

38,166

Amounts repaid

-

Balance outstanding at end of year

37,902

(19,828

)