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REGISTERED NUMBER: 01279523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MARNEL BUILDING LIMITED

MARNEL BUILDING LIMITED (REGISTERED NUMBER: 01279523)






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


MARNEL BUILDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M R O'Neil





SECRETARY: Mrs A M O'Neil





REGISTERED OFFICE: 35 Philip's Street
Cheltenham
Gloucestershire
GL50 2BP





REGISTERED NUMBER: 01279523 (England and Wales)





ACCOUNTANTS: Devereux & Co
2 Court Mews
268 London Road
Charlton Kings
Cheltenham
Gloucestershire
GL52 6HS

MARNEL BUILDING LIMITED (REGISTERED NUMBER: 01279523)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 414,653 416,200

CURRENT ASSETS
Stocks 26,704 21,741
Debtors 5 6,164 8,172
Cash at bank 8,659 10,899
41,527 40,812
CREDITORS
Amounts falling due within one year 6 77,727 70,091
NET CURRENT LIABILITIES (36,200 ) (29,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,453

386,921

CREDITORS
Amounts falling due after more than one
year

7

159,910

179,523
NET ASSETS 218,543 207,398

CAPITAL AND RESERVES
Called up share capital 20,085 20,085
Share premium 2,590 2,590
Revaluation reserve 9 220,857 220,857
Retained earnings (24,989 ) (36,134 )
SHAREHOLDERS' FUNDS 218,543 207,398

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.

MARNEL BUILDING LIMITED (REGISTERED NUMBER: 01279523)

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 18 November 2023 and were signed by:





M R O'Neil - Director


MARNEL BUILDING LIMITED (REGISTERED NUMBER: 01279523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Marnel Building 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.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

MARNEL BUILDING LIMITED (REGISTERED NUMBER: 01279523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 410,000 33,940 443,940
DEPRECIATION
At 1 April 2022 - 27,740 27,740
Charge for year - 1,547 1,547
At 31 March 2023 - 29,287 29,287
NET BOOK VALUE
At 31 March 2023 410,000 4,653 414,653
At 31 March 2022 410,000 6,200 416,200

Included in cost or valuation of land and buildings is freehold land of £ 410,000 (2022 - £ 410,000 ) which is not depreciated.

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2007 220,857 - 220,857
Cost 189,143 33,940 223,083
410,000 33,940 443,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,164 8,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,400 19,400
Hire purchase contracts 313 1,879
Trade creditors 16,866 6,313
Taxation and social security 15,486 18,511
Other creditors 25,662 23,988
77,727 70,091

MARNEL BUILDING LIMITED (REGISTERED NUMBER: 01279523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,400 19,400
Hire purchase contracts - 313
Other creditors 140,510 159,810
159,910 179,523

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 140,510 159,810

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 38,800 38,800
Other loans 140,510 159,810
179,310 198,610

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 220,857

10. ULTIMATE CONTROLLING PARTY

The controlling party is M R O'Neil.