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REGISTERED NUMBER: 12142812 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Marketrite (Birmingham) Limited

Marketrite (Birmingham) Limited (Registered number: 12142812)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marketrite (Birmingham) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr David William Packham





REGISTERED OFFICE: 39 Wentworth Road
Wollaston
Stourbridge
West Midlands
DY8 4RZ





REGISTERED NUMBER: 12142812 (England and Wales)

Marketrite (Birmingham) Limited (Registered number: 12142812)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,427
Investment property 5 2,108,248 2,108,248
2,108,248 2,110,675

CURRENT ASSETS
Debtors 6 101,914 2,766
Cash at bank 18,805 67,077
120,719 69,843
CREDITORS
Amounts falling due within one year 7 40,387 17,548
NET CURRENT ASSETS 80,332 52,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,188,580

2,162,970

CREDITORS
Amounts falling due after more than one
year

8

2,094,883

2,108,029
NET ASSETS 93,697 54,941

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 92,697 53,941
SHAREHOLDERS' FUNDS 93,697 54,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Marketrite (Birmingham) Limited (Registered number: 12142812)

Balance Sheet - continued
31 December 2023


The 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.

The financial statements were approved by the director and authorised for issue on 19 February 2024 and were signed by:





Mr David William Packham - Director


Marketrite (Birmingham) Limited (Registered number: 12142812)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Marketrite (Birmingham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Marketrite (Birmingham) Limited (Registered number: 12142812)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 5,649 1,487 7,136
DEPRECIATION
At 1 January 2023 3,728 981 4,709
Charge for year 1,921 506 2,427
At 31 December 2023 5,649 1,487 7,136
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 1,921 506 2,427

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,108,248
NET BOOK VALUE
At 31 December 2023 2,108,248
At 31 December 2022 2,108,248

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 97,487 -
Prepayments 4,427 2,766
101,914 2,766

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 12,476 9,469
VAT 1,902 184
Other creditors 6,921 6,920
Accruals and deferred income 19,088 975
40,387 17,548

Marketrite (Birmingham) Limited (Registered number: 12142812)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Directors' loan accounts 2,094,883 2,108,029

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £0.10 1,000 1,000