0 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 131,750 29,774 161,524 161,524 131,750 xbrli:pure xbrli:shares iso4217:GBP 11194758 2022-03-01 2023-02-27 11194758 2023-02-27 11194758 2022-02-28 11194758 2022-02-28 11194758 bus:Director1 2022-03-01 2023-02-27 11194758 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-01 2023-02-27 11194758 core:AfterOneYear 2023-02-27 11194758 core:AfterOneYear 2022-02-28 11194758 core:WithinOneYear 2023-02-27 11194758 core:WithinOneYear 2022-02-28 11194758 core:ShareCapital 2023-02-27 11194758 core:ShareCapital 2022-02-28 11194758 core:RetainedEarningsAccumulatedLosses 2023-02-27 11194758 core:RetainedEarningsAccumulatedLosses 2022-02-28 11194758 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-27 11194758 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-28 11194758 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-28 11194758 bus:SmallEntities 2022-03-01 2023-02-27 11194758 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-27 11194758 bus:FullAccounts 2022-03-01 2023-02-27 11194758 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-27 11194758 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-27
COMPANY REGISTRATION NUMBER: 11194758
MAREFAIR LIMITED
Filleted Unaudited Financial Statements
27 February 2023
MAREFAIR LIMITED
Statement of Financial Position
27 February 2023
27 Feb 23
28 Feb 22
Note
£
£
Fixed assets
Tangible assets
4
161,524
131,750
Current assets
Debtors
5
59,358
51,496
Cash at bank and in hand
3,740
9,858
--------
--------
63,098
61,354
Creditors: amounts falling due within one year
6
205,953
165,313
---------
---------
Net current liabilities
142,855
103,959
---------
---------
Total assets less current liabilities
18,669
27,791
Creditors: amounts falling due after more than one year
7
45,000
45,000
--------
--------
Net liabilities
( 26,331)
( 17,209)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 26,431)
( 17,309)
--------
--------
Shareholders deficit
( 26,331)
( 17,209)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 27 February 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MAREFAIR LIMITED
Statement of Financial Position (continued)
27 February 2023
These financial statements were approved by the board of directors and authorised for issue on 10 November 2023 , and are signed on behalf of the board by:
Mr M Hanna
Director
Company registration number: 11194758
MAREFAIR LIMITED
Notes to the Financial Statements
Period from 1 March 2022 to 27 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7b Marefair, Northampton, NN1 1SR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. Tangible assets
Freehold property
£
Cost
At 1 March 2022
131,750
Additions
29,774
---------
At 27 February 2023
161,524
---------
Depreciation
At 1 March 2022 and 27 February 2023
---------
Carrying amount
At 27 February 2023
161,524
---------
At 28 February 2022
131,750
---------
The company's investment property was revalued on a fair value basis by the director on 27 February 2023 .
5. Debtors
27 Feb 23
28 Feb 22
£
£
Other debtors
59,358
51,496
--------
--------
6. Creditors: amounts falling due within one year
27 Feb 23
28 Feb 22
£
£
Social security and other taxes
1,506
723
Other creditors
204,447
164,590
---------
---------
205,953
165,313
---------
---------
Creditors include £123,483 (2022 £121,954) secured on the company's investment property.
7. Creditors: amounts falling due after more than one year
27 Feb 23
28 Feb 22
£
£
Bank loans and overdrafts
45,000
45,000
--------
--------