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Registration number: 13846541

Markden Homes Construction Limited

Unaudited Financial Statements

for the Period from 13 January 2022 to 31 March 2023

 

Markden Homes Construction Limited

Contents

Balance Sheet

1 to 2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 7

 

Markden Homes Construction Limited

(Registration number: 13846541)
Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

22,586

Current assets

 

Debtors

5

460,963

Cash at bank and in hand

 

26,385

 

487,348

Creditors: Amounts falling due within one year

6

(120,394)

Net current assets

 

366,954

Total assets less current liabilities

 

389,540

Creditors: Amounts falling due after more than one year

6

(350,176)

Net assets

 

39,364

Capital and reserves

 

Called up share capital

1

Profit and loss account

39,363

Shareholders' funds

 

39,364

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

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Markden Homes Construction Limited

(Registration number: 13846541)
Balance Sheet as at 31 March 2023

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 and Directors' Report has been taken.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

.........................................
Mr M D Ellis
Director

 

Markden Homes Construction Limited

Statement of Changes in Equity for the Period from 13 January 2022 to 31 March 2023

Share capital
£

Profit and loss account
£

Total
£

Profit for the period

-

39,363

39,363

Total comprehensive income

-

39,363

39,363

New share capital subscribed

1

-

1

At 31 March 2023

1

39,363

39,364

 

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 13 January 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3 Birchwood One Business Park Dewhurst Road
Birchwood
Warrington
WA3 7GB
England

2

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.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

 

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 13 January 2022 to 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, Fittings & Equipment

Various rates

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 13 January 2022 to 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

23,497

23,497

At 31 March 2023

23,497

23,497

Depreciation

Charge for the period

911

911

At 31 March 2023

911

911

Carrying amount

At 31 March 2023

22,586

22,586

5

Debtors

2023
£

Prepayments

47,982

Other debtors

412,981

460,963

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

88,942

Taxation and social security

6,792

Accruals and deferred income

23,260

Other creditors

1,400

120,394

 

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 13 January 2022 to 31 March 2023

Creditors: amounts falling due after more than one year

2023
£

Due after one year

Owed to group undertakings

350,176

7

Parent and ultimate parent undertaking

The immediate parent company is Markden Homes North West Limited. The share capital of Markden Homes Northwest is owned equally by Salboy Partnerships Limited and Markden Limited. There is no ultimate controlling party.

Salboy Partnerships is a company incorporated in England and Wales, company number 13626842, registered office 3 Birchwood One Business Park, Dewhurst Road, Birchwood, Warrington, WA3 7PQ.

Markden Limited is a company incorporated in England and Wales, company number 13793421, registered office Helliwell Handscomb, 15 Littlethorpe Hill, Hartshead, Liversedge, West Yorkshire, WF15 8AZ.