Silverfin false false 31/07/2023 01/08/2022 31/07/2023 Mrs S Lynes 22/05/2019 04 April 2024 The principal activity of the Company during the financial year was that of holiday accommodation. 12011710 2023-07-31 12011710 bus:Director1 2023-07-31 12011710 2022-07-31 12011710 core:CurrentFinancialInstruments 2023-07-31 12011710 core:CurrentFinancialInstruments 2022-07-31 12011710 core:ShareCapital 2023-07-31 12011710 core:ShareCapital 2022-07-31 12011710 core:RetainedEarningsAccumulatedLosses 2023-07-31 12011710 core:RetainedEarningsAccumulatedLosses 2022-07-31 12011710 core:LandBuildings 2022-07-31 12011710 core:LandBuildings 2023-07-31 12011710 bus:OrdinaryShareClass1 2023-07-31 12011710 2022-08-01 2023-07-31 12011710 bus:FilletedAccounts 2022-08-01 2023-07-31 12011710 bus:SmallEntities 2022-08-01 2023-07-31 12011710 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12011710 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12011710 bus:Director1 2022-08-01 2023-07-31 12011710 2021-08-01 2022-07-31 12011710 core:LandBuildings 2022-08-01 2023-07-31 12011710 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 12011710 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12011710 (England and Wales)

MARLDON LODGES LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

MARLDON LODGES LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

MARLDON LODGES LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2023
MARLDON LODGES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2023
DIRECTOR Mrs S Lynes
REGISTERED OFFICE Yew Tree Farm Hatt Common
East Woodhay
Newbury
RG20 0NG
United Kingdom
COMPANY NUMBER 12011710 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
MARLDON LODGES LIMITED

BALANCE SHEET

As at 31 July 2023
MARLDON LODGES LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 310,677 235,874
310,677 235,874
Current assets
Debtors 4 8,943 3,077
Cash at bank and in hand 0 286
8,943 3,363
Creditors: amounts falling due within one year 5 ( 330,942) ( 245,842)
Net current liabilities (321,999) (242,479)
Total assets less current liabilities (11,322) (6,605)
Net liabilities ( 11,322) ( 6,605)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 11,422 ) ( 6,705 )
Total shareholder's deficit ( 11,322) ( 6,605)

For the financial year ending 31 July 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 financial statements of Marldon Lodges Limited (registered number: 12011710) were approved and authorised for issue by the Director on 04 April 2024. They were signed on its behalf by:

Mrs S Lynes
Director
MARLDON LODGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
MARLDON LODGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marldon Lodges Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Yew Tree Farm, Hatt Common, East Woodhay, Newbury, RG20 0NG.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £11,322. The Company is supported through loans from the director and associated companies. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

No depreciation is provided on land and buildings. See "critical estimates" below for further details.

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Critical accounting judgements and key sources of estimation uncertainity

In applying the company’s accounting policies, which are described above, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements and estimates that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

No depreciation is provided on land and buildings, as the directors consider that the useful economic life of the company's properties is such that depreciation would be immaterial. The company has a policy and practice of regular maintenance and repair (charges for which are recognised in the profit and loss account such that these assets are kept to their previously assessed standard of performance, and the properties are unlikely to suffer from economic or technological obsolescence. The properties are reviewed for impairment each year.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 August 2022 235,874 235,874
Additions 74,803 74,803
At 31 July 2023 310,677 310,677
Accumulated depreciation
At 01 August 2022 0 0
At 31 July 2023 0 0
Net book value
At 31 July 2023 310,677 310,677
At 31 July 2022 235,874 235,874

4. Debtors

2023 2022
£ £
Other debtors 8,943 3,077

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts 17 0
Trade creditors 3,244 12
Other creditors 327,681 245,830
330,942 245,842

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
At the balance sheet date the amount due to associated companies totalled 60,102 53,560