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REGISTERED NUMBER: 04347241 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Marigold Ventures Limited

Marigold Ventures Limited (Registered number: 04347241)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Marigold Ventures Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Ms Y McFarlane





SECRETARY: Ms Y McFarlane





REGISTERED OFFICE: Office Suite 5
Camelot Court
Alverton Street
Penzance
Cornwall
TR18 2QN





REGISTERED NUMBER: 04347241 (England and Wales)





ACCOUNTANT: Alverton Accountants
Chartered Certified Accountants
Office Suite 5
Camelot Court
Alverton Street
Penzance
Cornwall
TR18 2QN

Marigold Ventures Limited (Registered number: 04347241)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 229,990 272,322

CURRENT ASSETS
Debtors 5 188 -
Cash at bank and in hand 19,101 15,532
19,289 15,532
CREDITORS
Amounts falling due within one year 6 141,398 140,803
NET CURRENT LIABILITIES (122,109 ) (125,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,881

147,051

PROVISIONS FOR LIABILITIES 4,381 4,381
NET ASSETS 103,500 142,670

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 103,498 142,668
SHAREHOLDERS' FUNDS 103,500 142,670

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 3 October 2023 and were signed by:




Ms Y McFarlane - Director


Marigold Ventures Limited (Registered number: 04347241)

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

1. STATUTORY INFORMATION

Marigold Ventures 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 272,322
Impairments (42,332 )
At 31 January 2023 229,990
NET BOOK VALUE
At 31 January 2023 229,990
At 31 January 2022 272,322

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2004 35,000
Valuation in 2005 8,603
Valuation in 2007 19,350
Valuation in 2008 (30,000 )
Valuation in 2009 (17,000 )
Valuation in 2013 47,000
Valuation in 2019 20,000
Valuation in 2022 52,322
Valuation in 2023 (42,332 )
Cost 137,047
229,990

Marigold Ventures Limited (Registered number: 04347241)

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

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 137,047 137,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Prepayments and accrued income 188 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 83 -
Tax 742 680
Directors' current accounts 139,969 139,580
Accrued expenses 604 543
141,398 140,803

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 January 2023 total payments of £1,992 (2022 - £1,992) were made to Ms Y McFarlane in respect of Property management fees.