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REGISTERED NUMBER: 10716912 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Marshaw Developments Limited

Marshaw Developments Limited (Registered number: 10716912)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Marshaw Developments Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr M Drinkall
Ms K P Holden





REGISTERED OFFICE: 316 Blackpool Road Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 10716912 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Marshaw Developments Limited (Registered number: 10716912)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,558 -

CURRENT ASSETS
Stocks 1,778,728 1,200,000
Debtors 5 47,498 10,310
Cash at bank 16,818 40,763
1,843,044 1,251,073
CREDITORS
Amounts falling due within one year 6 1,932,859 1,372,708
NET CURRENT LIABILITIES (89,815 ) (121,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(68,257

)

(121,635

)

CREDITORS
Amounts falling due after more than one
year

7

(34,260

)

(39,815

)

PROVISIONS FOR LIABILITIES (4,115 ) -
NET LIABILITIES (106,632 ) (161,450 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (106,832 ) (161,650 )
(106,632 ) (161,450 )

Marshaw Developments Limited (Registered number: 10716912)

Statement of Financial Position - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 20 October 2023 and were signed on its behalf by:




Mr M Drinkall - Director



Ms K P Holden - Director


Marshaw Developments Limited (Registered number: 10716912)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Marshaw Developments 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.

Going concern
At the balance sheet date the company had net liabilities of £106,889 (2022: net liabilities of £161,450). The directors continue to assess the position and prospects for the company based on its land bank and ongoing developments.
The second biggest creditor at the year end was monies owed to a director and she has confirmed that she is committed to ensuring that the company can continue to meet its liabilities as they fall due. External funding is secured as required, with appropriate finance partners.
For these reasons the directors are satisfied that the going concern basis of preparing the accounts is appropriate.

Turnover
Turnover us recognised when the performance obligation associated with the sale is completed. The sales price comprises the fair value of the consideration received or receivable, net of VAT, rebates and discounts.

Housing and land sales are recognised as sales when control in transferred to the customer. This is when title of the property passes on legal completion.

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 - 20% on cost

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Costs include land purchases which are recognised in work in progress at cost when the significant risks and rewards of ownership have been transferred to the company. Other costs included in work in progress include direct materials, direct labour and overheads that have been incurred in bringing the land and developments to the present location and condition.


Marshaw Developments Limited (Registered number: 10716912)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 - 1,000 16,015 445 17,460
Additions 1,875 - 25,073 - 26,948
At 30 April 2023 1,875 1,000 41,088 445 44,408
DEPRECIATION
At 1 May 2022 - 1,000 16,015 445 17,460
Charge for year 375 - 5,015 - 5,390
At 30 April 2023 375 1,000 21,030 445 22,850
NET BOOK VALUE
At 30 April 2023 1,500 - 20,058 - 21,558
At 30 April 2022 - - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
VAT 34,488 7,552
Prepayments 13,010 2,758
47,498 10,310

Marshaw Developments Limited (Registered number: 10716912)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other loans 5,556 5,556
PMJ Capital-Loan 1,011,840 468,820
Intercompany Loan 2,500 4,000
Hire purchase contracts - 1,834
Trade creditors 45,285 15,824
Other creditors - 1,126
Credit Card 2,579 9,476
PAYE Payable - 198
Directors' loan accounts 863,899 864,674
Accrued expenses 1,200 1,200
1,932,859 1,372,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other loans - 1-2 years 5,556 5,556
Other loans - 2-5 years 28,704 34,259
34,260 39,815

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bounce Back Loan Scheme 39,815 45,370

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Barclays Bank PLC in the year.