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Registration number: 10713538

Marshall 35 Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Marshall 35 Estates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Marshall 35 Estates Limited

Company Information

Directors

Mr Joshua Friedlander

Mr Naftalie Lipschitz

Registered office

8 Rodborough Road
London
London
NW11 8RY

Accountants

GILBERT ALLAN & CO
8 Rodborough Road
London
London
NW11 8RY

 

Marshall 35 Estates Limited

(Registration number: 10713538)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

595,910

596,213

Current assets

 

Cash at bank and in hand

 

7,035

3,200

Creditors: Amounts falling due within one year

5

(18,998)

(22,163)

Net current liabilities

 

(11,963)

(18,963)

Total assets less current liabilities

 

583,947

577,250

Creditors: Amounts falling due after more than one year

5

(446,250)

(198,536)

Net assets

 

137,697

378,714

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

162,359

162,359

Other reserves

-

247,714

Retained earnings

(24,762)

(31,459)

Shareholders' funds

 

137,697

378,714

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2024 and signed on its behalf by:
 

 

Marshall 35 Estates Limited

(Registration number: 10713538)
Balance Sheet as at 30 June 2023

.........................................
Mr Joshua Friedlander
Director

.........................................
Mr Naftalie Lipschitz
Director

 

Marshall 35 Estates Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Rodborough Road
London
London
NW11 8RY
United Kingdom

These financial statements were authorised for issue by the Board on 19 March 2024.

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

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.

 

Marshall 35 Estates Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Marshall 35 Estates Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

595,000

2,874

597,874

At 30 June 2023

595,000

2,874

597,874

Depreciation

At 1 July 2022

-

1,661

1,661

Charge for the year

-

303

303

At 30 June 2023

-

1,964

1,964

Carrying amount

At 30 June 2023

595,000

910

595,910

At 30 June 2022

595,000

1,213

596,213

Included within the net book value of land and buildings above is £595,000 (2022 - £595,000) in respect of freehold land and buildings.
 

 

Marshall 35 Estates Limited

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

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

792

1,956

Other creditors

18,206

20,207

18,998

22,163

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

446,250

198,536

6

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

446,250

198,536