Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-06-01falseNo description of principal activity22truetrue 10441770 2022-06-01 2022-12-31 10441770 2021-06-01 2022-05-31 10441770 2022-12-31 10441770 2022-05-31 10441770 c:Director1 2022-06-01 2022-12-31 10441770 c:Director2 2022-06-01 2022-12-31 10441770 d:CurrentFinancialInstruments 2022-12-31 10441770 d:CurrentFinancialInstruments 2022-05-31 10441770 d:Non-currentFinancialInstruments 2022-12-31 10441770 d:Non-currentFinancialInstruments 2022-05-31 10441770 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10441770 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10441770 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10441770 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 10441770 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 10441770 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 10441770 d:ShareCapital 2022-12-31 10441770 d:ShareCapital 2022-05-31 10441770 d:RetainedEarningsAccumulatedLosses 2022-12-31 10441770 d:RetainedEarningsAccumulatedLosses 2022-05-31 10441770 c:FRS102 2022-06-01 2022-12-31 10441770 c:Audited 2022-06-01 2022-12-31 10441770 c:FullAccounts 2022-06-01 2022-12-31 10441770 c:PrivateLimitedCompanyLtd 2022-06-01 2022-12-31 10441770 c:SmallCompaniesRegimeForAccounts 2022-06-01 2022-12-31 10441770 2 2022-06-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 10441770










MARDEN ESSEX LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
MARDEN ESSEX LIMITED
REGISTERED NUMBER: 10441770

BALANCE SHEET
AS AT 31 DECEMBER 2022

31 December
31 May
2022
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
14,221
20,350

Cash at bank and in hand
 7 
61
582

  
14,282
20,932

Creditors: amounts falling due within one year
 8 
(16,826)
(13,250)

Net current (liabilities)/assets
  
 
 
(2,544)
 
 
7,682

Total assets less current liabilities
  
(2,544)
7,682

Creditors: amounts falling due after more than one year
 9 
(33,333)
(39,167)

  

Net liabilities
  
(35,877)
(31,485)


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
(35,907)
(31,515)

  
(35,877)
(31,485)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2023.




R. Tappenden
S. Pridmore
Director
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MARDEN ESSEX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Marden Homes Essex Limited is a private company, limited by shares, domiciled in England and Wales, registration number 10441770. The registered office is 601 London Road, Westcliff on Sea, Essex SS0 9PE. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 4).

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts record a balance sheet deficit of £35,877 therefore the going concern basis is dependent upon the continued support of the holding company.
The directors are currently exploring the option of undertaking a further development which they anticipate will generate a profitable return, but as yet no formal decision has been made as to whether to proceed. In the meantime, the company continues to receive the support of its holding company and the directors consider that that support will continue as long as is necessary.
In light of the aforementioned, the directors consider it appropriate to adopt the going concen basis in preparing these financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
Page 2

 
MARDEN ESSEX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.7
Financial instruments (continued)

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value. Costs include all direct costs (including interest).


4.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. 
Revenue recognition for long term contracts and work in progress is recognised by reference to the stage of completion of the contract which is subject to estimation uncertainty.


5.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


6.


Debtors

31 December
31 May
2022
2022
£
£


Trade debtors
-
19,500

Amounts owed by group undertakings
14,221
-

Other debtors
-
850
Page 3

 
MARDEN ESSEX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.Debtors (continued)


14,221
20,350



7.


Cash and cash equivalents

31 December
31 May
2022
2022
£
£

Cash at bank and in hand
61
582

61
582



8.


Creditors: Amounts falling due within one year

31 December
31 May
2022
2022
£
£

Bank loans
10,000
10,000

Trade creditors
3,250
-

Accruals and deferred income
3,576
3,250

16,826
13,250



9.


Creditors: Amounts falling due after more than one year

31 December
31 May
2022
2022
£
£

Bank loans
33,333
39,167

33,333
39,167


Page 4

 
MARDEN ESSEX LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

10.


Loans


Analysis of the maturity of loans is given below:


31 December
31 May
2022
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000


Amounts falling due 2-5 years

Bank loans
33,333
39,167


33,333
39,167


43,333
49,167



11.


Controlling party

The ultimate parent company is Marden Homes Limited.


12.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2022 was unqualified.

The audit report was signed on 29 September 2023 by Clive Smith FCA (Senior statutory auditor) on behalf of MWS.


Page 5