Year Ended
Registration number:
Millbay Marina Village Management Company Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Millbay Marina Village Management Company Limited
Company Information
Directors |
P J Salter L B Salter |
Company secretary |
Whitton & Laing (South West) LLP |
Registered office |
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Accountants |
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Millbay Marina Village Management Company Limited
Balance Sheet
31 March 2021
Note |
2021 |
2020 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Shareholders' funds |
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For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 02280646
Millbay Marina Village Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Custom House Lane
Plymouth
Devon
PL1 3TG
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
The turnover in the profit and loss account represents ground rents receivable for the year.
Millbay Marina Village Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2021
Financial instruments
Classification
• Short term other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Due within one year |
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Other creditors |
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At the balance sheet date the company bank account contained £891,642 (2020 : £521,021) which is held on trust for the leaseholders under Section 42 of the Landlord and Tenant Act 1987. The amount is shown as a creditor due within one year.
Millbay Marina Village Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2021
Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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30 |
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30 |
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All shares carry the right to receive notice of and attend and address any general meeting of the company but only the "A" share has voting rights.