Marine Court (Instow) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02795224 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

MARINE COURT (INSTOW) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Way

B H Cooke

Mrs J A Jackson

P J Oakes

Mrs S M Marmion

D R Arthur

Mrs L Y Forman

SECRETARY:

B H Cooke

REGISTERED OFFICE:

The Custom House

The Strand

Barnstaple

Devon

EX31 1EU

REGISTERED NUMBER:

02795224 (England and Wales)

ACCOUNTANTS:

Perrins Limited

Chartered Accountants

The Custom House

The Strand

Barnstaple

Devon

EX31 1EU

FIXED ASSETS

Tangible assets

5

8,111

8,111

CURRENT ASSETS

Debtors

6

158

1,080

Cash at bank

9,578

10,206

9,736

11,286

CREDITORS

Amounts falling due within one year

7

5,269

8,399

NET CURRENT ASSETS

4,467

2,887

TOTAL ASSETS LESS CURRENT LIABILITIES

12,578

10,998

CAPITAL AND RESERVES

Called up share capital

8

9,000

9,000

Retained earnings

9

3,578

1,998

SHAREHOLDERS' FUNDS

12,578

10,998

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 and authorised for issue by the Board of Directors on 31 August 2018 and were signed on its behalf by:

B H Cooke - Director

D J Way - Director

1.	STATUTORY INFORMATION

Marine Court (Instow) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to

the nearest pound.

Income recognition

Turnover represents net invoiced sales of services, excluding value added tax and is derived from the ordinary

activities.

Tangible fixed assets

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

Freehold property

-

not provided

From 1 April 1998 the directors reviewed the position regarding the provision of depreciation on freehold

property. Following that review, the board consider that the potential annual depreciation charge, after taking

into account the estimated remaining useful life and the residual value of the freehold property, is not material,

and accordingly no depreciation charge has been made in the financial statements. The board have reviewed this

position at the year end for any impairment of value to ensure the company's assets are fairly stated at all times.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2017

and 31 March 2018

8,111

NET BOOK VALUE

At 31 March 2018

8,111

At 31 March 2017

8,111

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

158

1,021

Prepayments

-

59

158

1,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

722

-

Renovation fund

3,184

5,232

Deferred income

-

1,200

Accrued expenses

1,363

1,967

5,269

8,399

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

15

Ordinary

£600

9,000

9,000

9.

RESERVES

Retained

earnings

£

At 1 April 2017

1,998

Deficit for the year

(10,345

)

Transfer from renovation fund

11,925

At 31 March 2018

3,578

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.