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Registration number: 04714870

Marsh Lane Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Marsh Lane Investments Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Marsh Lane Investments Limited

Company Information
__________________________________________________________________________

Director

S C Goodman

Registered office

Abbey House
342, Regents Park Road
London
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Marsh Lane Investments Limited

(Registration number: 04714870)
Balance Sheet as at 31 March 2023
__________________________________________________________________________

Note

2023
£

2022
£

   

     

Current assets

   

 

Debtors

3

 

278

 

210

Investments

4

 

107,341

 

107,184

Cash at bank and in hand

   

288,182

 

297,673

   

395,801

 

405,067

Creditors: Amounts falling due within one year

5

 

(4,077)

 

(3,900)

Net assets

   

391,724

 

401,167

capital and reserves

   

 

Called up share capital

260,000

 

260,000

 

Profit and loss account

131,724

 

141,167

 

Total equity

   

391,724

 

401,167

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 14 November 2023
 

.........................................
S C Goodman
Director

 

Marsh Lane Investments Limited

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Marsh Lane Investments Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Debtors

Current

2023
£

2022
£

Trade debtors

278

210

4

Current asset investments

2023
£

2022
£

Listed Investments

107,341

107,184

Listed investments

Investments having a net book value of £107,341 (31 March 2022 - £107,184) are listed on a recognised stock exchange and had a market value of £86,210 at the end of the year (31 March 2022 - £86,838).

 

Marsh Lane Investments Limited

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

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

trade creditors

3,900

3,900

Taxation and social security

177

-

4,077

3,900

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

260,000

260,000

260,000

260,000