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REGISTERED NUMBER: 00595660 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MARK & HILL LIMITED

MARK & HILL LIMITED (REGISTERED NUMBER: 00595660)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARK & HILL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: D Carew-Jones





SECRETARY: D Carew-Jones





REGISTERED OFFICE: The Clock House
Western Court
Bishop's Sutton.
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: 00595660 (England and Wales)





ACCOUNTANTS: Fox & Co (Accountants) Ltd
The Clock House
Western Court
Bishop's Sutton.
Alresford
Hampshire
SO24 0AA

MARK & HILL LIMITED (REGISTERED NUMBER: 00595660)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 310,000 310,000
310,000 310,000

CURRENT ASSETS
Debtors 6 4,250 3,804
Cash at bank 39,318 72,541
43,568 76,345
CREDITORS
Amounts falling due within one year 7 6,903 3,740
NET CURRENT ASSETS 36,665 72,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,665

382,605

CAPITAL AND RESERVES
Called up share capital 27,151 27,151
Share premium 2,518 2,518
Non distributable reserves 8 195,000 195,000
Retained earnings 121,996 157,936
SHAREHOLDERS' FUNDS 346,665 382,605

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 director acknowledges his 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.

MARK & HILL LIMITED (REGISTERED NUMBER: 00595660)

BALANCE SHEET - 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 director and authorised for issue on 31 October 2023 and were signed by:





D Carew-Jones - Director


MARK & HILL LIMITED (REGISTERED NUMBER: 00595660)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Mark & Hill 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.
Plant and machinery etc - 25% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and amounts recognised in respect of impairment.

Investment property
Investment property for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recogniesd in profit or loss.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

Property was valued using an open market valuation on freehold basis in November 2017, conducted by Goadsby & Harding Survey & Valuation Ltd. Looking at the movement in the market value of the property as at 31st March 2021, the management decided that the valuation is still valid.

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.

MARK & HILL LIMITED (REGISTERED NUMBER: 00595660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 6,546
DEPRECIATION
At 1 April 2022
and 31 March 2023 6,546
NET BOOK VALUE
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 310,000
NET BOOK VALUE
At 31 March 2023 310,000
At 31 March 2022 310,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,250 3,804

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,601 2,474
Other creditors 1,302 1,266
6,903 3,740

8. RESERVES
Non
distributable
reserves
£   
At 1 April 2022
and 31 March 2023 195,000

MARK & HILL LIMITED (REGISTERED NUMBER: 00595660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

9. THE ENTITY'S ABILITY TO CONTINUE AS A GOING CONCERN COVID-19

Management has considered the consequences of COVID-19 and other events and conditions. The impact of COVID-19 on future performance and therefore on the measurement of some assets and liabilities is unknown and might require future disclosure in the financial statements. At present the management has determined that the impact of COVID-19 does not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.