IRIS Accounts Production v23.1.0.753 03488287 Board of Directors 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure034882872022-05-31034882872023-05-31034882872022-06-012023-05-31034882872021-05-31034882872021-06-012022-05-31034882872022-05-3103488287ns15:EnglandWales2022-06-012023-05-3103488287ns14:PoundSterling2022-06-012023-05-3103488287ns10:Director12022-06-012023-05-3103488287ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3103488287ns10:SmallEntities2022-06-012023-05-3103488287ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3103488287ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3103488287ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3103488287ns10:FullAccounts2022-06-012023-05-3103488287ns10:Director22022-06-012023-05-3103488287ns10:CompanySecretary12022-06-012023-05-3103488287ns10:RegisteredOffice2022-06-012023-05-3103488287ns5:CurrentFinancialInstruments2023-05-3103488287ns5:CurrentFinancialInstruments2022-05-3103488287ns5:ShareCapital2023-05-3103488287ns5:ShareCapital2022-05-3103488287ns5:RevaluationReserve2023-05-3103488287ns5:RevaluationReserve2022-05-3103488287ns5:RetainedEarningsAccumulatedLosses2023-05-3103488287ns5:RetainedEarningsAccumulatedLosses2022-05-3103488287ns5:PlantMachinery2022-06-012023-05-3103488287ns5:PlantMachinery2022-05-3103488287ns5:PlantMachinery2023-05-3103488287ns5:PlantMachinery2022-05-3103488287ns5:RevaluationReserve2022-05-31
REGISTERED NUMBER: 03488287 (England and Wales)















Daniel Marks Ltd.

Unaudited Financial Statements For The Year Ended 31 May 2023






Daniel Marks Ltd. (Registered number: 03488287)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Daniel Marks Ltd.

Company Information
For The Year Ended 31 May 2023







DIRECTORS: C J Lacey
D M Draper





SECRETARY: C J Lacey





REGISTERED OFFICE: Sidings Court
Lakeside
Doncaster
DN4 5NU





REGISTERED NUMBER: 03488287 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Daniel Marks Ltd. (Registered number: 03488287)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137 272
Investment property 5 158,772 158,772
158,909 159,044

CURRENT ASSETS
Debtors 6 44,000 44,000
Cash at bank 2,341 2,771
46,341 46,771
CREDITORS
Amounts falling due within one year 7 102,867 70,865
NET CURRENT LIABILITIES (56,526 ) (24,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,383

134,950

PROVISIONS FOR LIABILITIES 11,250 11,250
NET ASSETS 91,133 123,700

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 71,556 71,556
Retained earnings 19,477 52,044
SHAREHOLDERS' FUNDS 91,133 123,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 11 October 2023 and were signed on its behalf by:





C J Lacey - Director


Daniel Marks Ltd. (Registered number: 03488287)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Daniel Marks Ltd. 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.

Turnover
Turnover represents rental income.

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 - 20% on cost

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. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022
and 31 May 2023 677
DEPRECIATION
At 1 June 2022 405
Charge for year 135
At 31 May 2023 540
NET BOOK VALUE
At 31 May 2023 137
At 31 May 2022 272

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 158,772
NET BOOK VALUE
At 31 May 2023 158,772
At 31 May 2022 158,772

Daniel Marks Ltd. (Registered number: 03488287)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2016 82,806
Cost 75,966
158,772

The Freehold land and buildings were revalued on 28 October 2016 by an independent valuer who is external to the company. The directors believe this to be an approximate value as at 31 May 2022. The current value of the assets is £158,772 (2022: £158,772) with a carrying amount at historical cost of £74,337 (2022: £74,337).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 44,000 44,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 371
Other creditors 1,553 1,287
Directors' current accounts 101,314 69,207
102,867 70,865

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 71,556

9. RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to a director of £101,314 (2022: £69,207).