Registered number
12022556
32-34 Market Street Limited
Filleted Accounts
31 May 2023
32-34 Market Street Limited
Registered number: 12022556
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 357,603 361,739
Current assets
Cash at bank and in hand 8,371 21,668
Creditors: amounts falling due within one year 4 (40,010) (63,243)
Net current liabilities (31,639) (41,575)
Total assets less current liabilities 325,964 320,164
Creditors: amounts falling due after more than one year 5 (180,408) (183,407)
Provisions for liabilities (35,846) (28,029)
Net assets 109,710 108,728
Capital and reserves
Called up share capital 1 1
Profit and loss account 109,709 108,727
Shareholder's funds 109,710 108,728
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 20 February 2024
….......................................................
D Palterman
Director
32-34 Market Street Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of accommodation and related services provided to tenants for the accounting period.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 June 2022 361,739
Revaluation (4,136)
At 31 May 2023 357,603
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,000 500
Taxation and social security costs 555 -
Other creditors 38,455 62,743
40,010 63,243
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 180,408 183,407
6 Other information
32-34 Market Street Limited is a private company limited by shares and incorporated in England. Its registered office is:
32-34 Market Street
Heanor
DE75 7NR
32-34 Market Street Limited 12022556 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 D Palterman No description of principal activity 12022556 2021-06-01 2022-05-31 12022556 core:WithinOneYear 2022-05-31 12022556 core:AfterOneYear 2022-05-31 12022556 core:ShareCapital 2022-05-31 12022556 core:RetainedEarningsAccumulatedLosses 2022-05-31 12022556 2022-06-01 2023-05-31 12022556 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 12022556 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12022556 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12022556 bus:Director40 2022-06-01 2023-05-31 12022556 2 2022-06-01 2023-05-31 12022556 countries:England 2022-06-01 2023-05-31 12022556 bus:FRS102 2022-06-01 2023-05-31 12022556 bus:FullAccounts 2022-06-01 2023-05-31 12022556 2023-05-31 12022556 core:WithinOneYear 2023-05-31 12022556 core:AfterOneYear 2023-05-31 12022556 core:ShareCapital 2023-05-31 12022556 core:RetainedEarningsAccumulatedLosses 2023-05-31 12022556 core:RevaluationsIncreaseDecreaseInInvestments 2023-05-31 12022556 2022-05-31 iso4217:GBP xbrli:pure