IRIS Accounts Production v23.2.0.158 04784534 Board of Directors Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047845342022-03-31047845342023-03-31047845342022-04-012023-03-31047845342021-03-31047845342021-04-012022-03-31047845342022-03-3104784534ns10:Originalns15:EnglandWales2022-04-012023-03-3104784534ns14:PoundSterlingns10:Original2022-04-012023-03-3104784534ns10:Originalns10:Director12022-04-012023-03-3104784534ns10:Original2022-04-012023-03-3104784534ns10:Originalns10:Director22022-04-012023-03-3104784534ns10:Originalns10:Director32022-04-012023-03-3104784534ns10:Original2023-03-3104784534ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104784534ns10:Originalns10:SmallEntities2022-04-012023-03-3104784534ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104784534ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104784534ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104784534ns10:Originalns10:FullAccounts2022-04-012023-03-3104784534ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104784534ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104784534ns10:Original2022-03-3104784534ns10:Originalns5:CurrentFinancialInstruments2023-03-3104784534ns10:Originalns5:CurrentFinancialInstruments2022-03-3104784534ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104784534ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104784534ns5:ShareCapitalns10:Original2023-03-3104784534ns5:ShareCapitalns10:Original2022-03-3104784534ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104784534ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104784534ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-04-012023-03-3104784534ns10:Originalns5:FurnitureFittings2022-04-012023-03-3104784534ns10:Original2021-04-012022-03-3104784534ns10:Originalns5:LandBuildings2022-03-3104784534ns10:Originalns5:FurnitureFittings2022-03-3104784534ns10:Original2022-03-3104784534ns10:Originalns5:LandBuildings2022-04-012023-03-3104784534ns10:Originalns5:LandBuildings2023-03-3104784534ns10:Originalns5:FurnitureFittings2023-03-3104784534ns10:Originalns5:LandBuildings2022-03-3104784534ns10:Originalns5:FurnitureFittings2022-03-3104784534ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104784534ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104784534ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104784534ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3104784534ns10:Originalns10:OrdinaryShareClass12023-03-3104784534ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104784534ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 04784534 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Marcus Care Homes Limited

Marcus Care Homes Limited (Registered number: 04784534)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Marcus Care Homes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D Wijayaratnam
Mr S Kularatnam
Mr T Selvaratnam





REGISTERED OFFICE: 10 Darenth Park Avenue
Darenth Village Park
Dartford
Kent
DA2 6JN





REGISTERED NUMBER: 04784534 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Marcus Care Homes Limited (Registered number: 04784534)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,795,670 1,806,097

CURRENT ASSETS
Debtors 5 143,988 18,145
Cash at bank 265,530 379,979
409,518 398,124
CREDITORS
Amounts falling due within one year 6 (61,835 ) (66,284 )
NET CURRENT ASSETS 347,683 331,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,143,353

2,137,937

CREDITORS
Amounts falling due after more than one
year

7

(482,969

)

(542,066

)
NET ASSETS 1,660,384 1,595,871

CAPITAL AND RESERVES
Called up share capital 9 1,500 1,500
Retained earnings 10 1,658,884 1,594,371
SHAREHOLDERS' FUNDS 1,660,384 1,595,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Marcus Care Homes Limited (Registered number: 04784534)

Statement of Financial Position - continued
31 March 2023


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 Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:




Mr S Kularatnam - Director Mr T Selvaratnam - Director




Mr D Wijayaratnam - Director


Marcus Care Homes Limited (Registered number: 04784534)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Marcus Care Homes 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil rate
Fixtures and fittings - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 April 2022 1,749,341 367,134 2,116,475
Additions - 1,155 1,155
At 31 March 2023 1,749,341 368,289 2,117,630
DEPRECIATION
At 1 April 2022 - 310,378 310,378
Charge for year - 11,582 11,582
At 31 March 2023 - 321,960 321,960
NET BOOK VALUE
At 31 March 2023 1,749,341 46,329 1,795,670
At 31 March 2022 1,749,341 56,756 1,806,097

Marcus Care Homes Limited (Registered number: 04784534)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 126,900 -
Other debtors 12,588 13,645
Prepayments and accrued income 4,500 4,500
143,988 18,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Wages control - 11,668
Tax 54,950 48,485
Social security and other taxes 5,326 4,242
Pension Liability 1,089 1,422
Directors' current accounts 470 467
61,835 66,284

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 482,969 542,066

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between one and two years:
Long term Bank loans 482,969 542,066

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,500 Ordinary £1 1,500 1,500

Marcus Care Homes Limited (Registered number: 04784534)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


10. RESERVES
Retained
earnings
£   

At 1 April 2022 1,594,371
Profit for the year 227,013
Dividends (162,500 )
At 31 March 2023 1,658,884