1 November 2022 v2024.2.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP109291792022-11-012023-10-31109291792023-10-31109291792022-10-3110929179core:WithinOneYear2023-10-3110929179core:WithinOneYear2022-10-3110929179core:ShareCapital2023-10-3110929179core:ShareCapital2022-10-3110929179core:RetainedEarningsAccumulatedLosses2023-10-3110929179core:RetainedEarningsAccumulatedLosses2022-10-3110929179bus:Director12022-11-012023-10-3110929179bus:RegisteredOffice2022-11-012023-10-31109291792021-11-012022-10-311092917912022-11-012023-10-3110929179countries:EnglandWales2022-11-012023-10-3110929179bus:AuditExemptWithAccountantsReport2022-11-012023-10-3110929179bus:PrivateLimitedCompanyLtd2022-11-012023-10-3110929179bus:SmallEntities2022-11-012023-10-3110929179bus:FullAccounts2022-11-012023-10-31
Company registration number:
10929179
S J Marlow Developments Ltd
Unaudited Filleted Financial Statements for the year ended
31 October 2023
DJH MITTEN CLARKE LEEDS LIMITED
Chartered Accountants
1-2 Victoria Court, Morley, Leeds, Leeds, LS27 9SE, United Kingdom
S J Marlow Developments Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of S J Marlow Developments Ltd
Year ended
31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
S J Marlow Developments Ltd
for the year ended
31 October 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
S J Marlow Developments Ltd
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
S J Marlow Developments Ltd
and state those matters that we have agreed to state to the Board of Directors of
S J Marlow Developments Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
S J Marlow Developments Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
S J Marlow Developments Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
S J Marlow Developments Ltd
. You consider that
S J Marlow Developments Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of S J Marlow Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
DJH MITTEN CLARKE LEEDS LIMITED
Chartered Accountants
1-2 Victoria Court
Morley
Leeds
Leeds
LS27 9SE
United Kingdom
Date:
12 January 2024
S J Marlow Developments Ltd
Statement of Financial Position
31 October 2023
20232022
Note££
Current assets    
Debtors 5
436
 
2,850
 
Cash at bank and in hand
486
 
1,266
 
922
 
4,116
 
Creditors: amounts falling due within one year 6
(2,215
)
(3,724
)
Net current (liabilities)/assets
(1,293
)
392
 
Total assets less current liabilities (1,293 ) 392  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(1,393
)
292
 
Shareholders (deficit)/funds
(1,293
)
392
 
For the year ending
31 October 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 year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
12 January 2024
, and are signed on behalf of the board by:
S Marlow
Director
Company registration number:
10929179
S J Marlow Developments Ltd
Notes to the Financial Statements
Year ended
31 October 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
9 Robin Hill
,
Batley
,
West Yorkshire
,
WF17 0QP
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Debtors

20232022
££
Other debtors
436
 
2,850
 

6 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
1,385
 
2,272
 
Other creditors
830
 
1,452
 
2,215
 
3,724
 

7 Director's advances, credit and guarantees

During the year a director entered into the following advances and credits with the company; balance brought forward - (£405), advances to the director - £3,469, amounts repaid (£3,500), the closing balance owed to the director was (£436). (2022: balance brought forward - (£9,873), advances to the director - £21,713, amounts repaid - (£12,245), the closing balance owed by the director was - (£405).