Registration number:
M J Marine Group Ltd
for the Year Ended 31 August 2020
M J Marine Group Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
M J Marine Group Ltd
Company Information
Director |
Mr Mark Nicholas Johns |
Registered office |
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Accountants |
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M J Marine Group Ltd
(Registration number: 07514417)
Balance Sheet as at 31 August 2020
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2020 |
2019 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
( |
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For the financial year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr Mark Nicholas Johns
Director
M J Marine Group Ltd
Notes to the Financial Statements for the Year Ended 31 August 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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.
Going concern
The company continues to be supported by its subsidiaries. The financial statements have been prepared on a going concern basis.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
M J Marine Group Ltd
Notes to the Financial Statements for the Year Ended 31 August 2020
Investments |
2020 |
2019 |
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Investments in subsidiaries |
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Subsidiaries |
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Cost or valuation |
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At 1 September 2019 |
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Provision |
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Carrying amount |
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At 31 August 2020 |
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At 31 August 2019 |
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M J Marine Group Ltd
Notes to the Financial Statements for the Year Ended 31 August 2020
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2020 |
2019 |
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Subsidiary undertakings |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
The principal activity of M.J. Marine Electronics Limited is |
The principal activity of M.J. Marine Charters Limited is |
M J Marine Group Ltd
Notes to the Financial Statements for the Year Ended 31 August 2020
Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Related party transactions |
During the year the company made the following related party transactions:
M.J. Marine Electronics Limited
(A group company under common control)
During the year M.J. Marine Electronics Limited met expenditure and received income on behalf of the company. At the balance sheet date the amount due to M.J. Marine Electronics Limited was £3,060 (2019: £2,960).