REGISTERED NUMBER:
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BRAUNSTON MARINA LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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REGISTERED NUMBER:
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BRAUNSTON MARINA LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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BRAUNSTON MARINA LIMITED (REGISTERED NUMBER: 02275577) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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BRAUNSTON MARINA LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 December 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 Rushmills |
Northampton |
Northamptonshire |
NN4 7YB |
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SOLICITORS: |
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1 Finsbury Circus |
London |
EC2M 7SH |
BRAUNSTON MARINA LIMITED (REGISTERED NUMBER: 02275577) |
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BALANCE SHEET |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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BRAUNSTON MARINA LIMITED (REGISTERED NUMBER: 02275577) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Braunston Marina Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced marina services and sales of goods, excluding value added tax. |
Turnover is recognised on completion of services to customers. |
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Tangible fixed assets |
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Freehold property | - |
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Long leasehold | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted |
or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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BRAUNSTON MARINA LIMITED (REGISTERED NUMBER: 02275577) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2016 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Long | Plant and | and |
property | leasehold | machinery | fittings | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2016 |
and 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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Included in cost of land and buildings is freehold land of £ 101,000 (2015 - £ 101,000 ) which is not |
depreciated. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 8,549 | 29,507 |
Other creditors |
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Deferred income |
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Accrued expenses |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2016 | 2015 |
£ | £ |
Within one year | 23,000 | 23,000 |
Between one and five years | 92,000 | 92,000 |
In more than five years | 1,035,000 | 1,058,000 |
1,150,000 | 1,173,000 |
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The lease is for a 75 year term commencing 25 December 1991. The rent is based on the turnover of the |
company, with a minimum annual rental of £23,000 index-linked from December 1991. In the year ended 31 |
December 2015 the total rent payable was £74,861 (2015: £75,828). |
BRAUNSTON MARINA LIMITED (REGISTERED NUMBER: 02275577) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2016 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary £1 Shares | £1 | 193,673 | 193,673 |
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Ordinary £1 A Shares | £1 | 2 | 2 |
193,675 | 193,675 |
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9. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £65,290 (2015 - £50,173) were paid to the directors . |
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10. | ULTIMATE CONTROLLING PARTY |
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The company was controlled throughout the year by the director Mr T J P Coghlan. |