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Registration number: 03216217

Marshgrange Property Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Marshgrange Property Management Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Marshgrange Property Management Limited

Company Information
__________________________________________________________________________

Directors

Kate Tomlinson

Hywel Jones

Ruth Kennedy

Registered office

132 Saint Thomas's Road
London
N4 2QP


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Marshgrange Property Management Limited

(Registration number: 03216217)
Balance Sheet as at 30 June 2023
__________________________________________________________________________

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

1,500

1,500

Current assets

 

Cash at bank and in hand

 

3,208

2,856

Creditors: Amounts falling due within one year

4

(3,205)

(2,853)

Net current assets

 

3

3

Net assets

 

1,503

1,503

Capital and reserves

 

Called up share capital

5

3

3

Revaluation reserve

1,500

1,500

Shareholders' funds

 

1,503

1,503

For the financial year ending 30 June 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 year 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.

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 has been taken.

Approved and authorised by the Board on 1 February 2024 and signed on its behalf by:
 

.........................................
Kate Tomlinson
Director

.........................................
Hywel Jones
Director

 

Marshgrange Property Management Limited

(Registration number: 03216217)
Balance Sheet as at 30 June 2023
__________________________________________________________________________

.........................................
Ruth Kennedy
Director

 

Marshgrange Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
__________________________________________________________________________

1

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.

Going concern

The financial statements have been prepared on a going concern basis.

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

Investment property

Not depreciated

Investment property

The investment property is not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Marshgrange Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
__________________________________________________________________________

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2022

1,500

1,500

At 30 June 2023

1,500

1,500

Depreciation

Carrying amount

At 30 June 2023

1,500

1,500

At 30 June 2022

1,500

1,500

Included within the net book value of land and buildings above is £1,500 (2022 - £1,500) in respect of freehold land and buildings.
 

 

Marshgrange Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
__________________________________________________________________________

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

3,205

2,853

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share capital of £1 each

3

3

3

3