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REGISTERED NUMBER: 06023506 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Marnie Malgarin Limited

Marnie Malgarin Limited (Registered number: 06023506)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Marnie Malgarin Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mrs M A Campbell





SECRETARY: Mrs B A Hailstone





REGISTERED OFFICE: Lynt Farm Stables
Lynt Farm Lane
Inglesham
Swindon
SN6 7QZ





REGISTERED NUMBER: 06023506 (England and Wales)





ACCOUNTANTS: Ellis Dennis Warwick LLP
107 Church Lane
Mill End
Rickmansworth
Hertfordshire
WD3 8PU

Marnie Malgarin Limited (Registered number: 06023506)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,878 4,029

CURRENT ASSETS
Debtors 5 8,160 7,476
Cash at bank 10,779 30,928
18,939 38,404
CREDITORS
Amounts falling due within one year 6 11,099 18,309
NET CURRENT ASSETS 7,840 20,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,718

24,124

PROVISIONS FOR LIABILITIES 970 1,007
NET ASSETS 10,748 23,117

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,746 23,115
SHAREHOLDERS' FUNDS 10,748 23,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2023 and were signed by:




Mrs M A Campbell - Director


Marnie Malgarin Limited (Registered number: 06023506)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Marnie Malgarin 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Marnie Malgarin Limited (Registered number: 06023506)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 10,188
Additions 932
At 31 December 2022 11,120
DEPRECIATION
At 1 January 2022 6,159
Charge for year 1,083
At 31 December 2022 7,242
NET BOOK VALUE
At 31 December 2022 3,878
At 31 December 2021 4,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 8,160 7,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 2,340 901
Taxation and social security 5,273 14,907
Other creditors 3,486 2,501
11,099 18,309

7. RELATED PARTY DISCLOSURES

During the year the company paid the director £16,918 (2021: £2,600) in rent for the premises.
The company also paid £7,800 (2021: £7,800) for livery services from Campbell Sport Horses Limited,
a company jointly controlled by the director.
These were considered to be at arms length.