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Company No: 08599358 (England and Wales)

MARLDON CHRISTMAS TREE COMPANY LIMITED

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

MARLDON CHRISTMAS TREE COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

MARLDON CHRISTMAS TREE COMPANY LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2023
MARLDON CHRISTMAS TREE COMPANY 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
England
United Kingdom
COMPANY NUMBER 08599358 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
MARLDON CHRISTMAS TREE COMPANY LIMITED

BALANCE SHEET

As at 31 July 2023
MARLDON CHRISTMAS TREE COMPANY LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 38,000 40,939
38,000 40,939
Current assets
Stocks 4 18,000 10,000
Debtors 5 2,611 1,437
Cash at bank and in hand 16,444 1,295
37,055 12,732
Creditors: amounts falling due within one year 6 ( 158,822) ( 146,174)
Net current liabilities (121,767) (133,442)
Total assets less current liabilities (83,767) (92,503)
Net liabilities ( 83,767) ( 92,503)
Capital and reserves
Called-up share capital 7 10 10
Profit and loss account ( 83,777 ) ( 92,513 )
Total shareholder's deficit ( 83,767) ( 92,503)

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 Christmas Tree Company Limited (registered number: 08599358) 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 CHRISTMAS TREE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
MARLDON CHRISTMAS TREE COMPANY 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 Christmas Tree Company 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 £83,767 (2022: £92,503). The Company is supported through loans from the director and associated companies. The director has confirmed they 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 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 stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

The company recognises revenue when the value of goods and services provided to date can be reliably measured.

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 straight-line/ reducing balance basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Fixtures and fittings 25 % reducing balance

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.

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

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 Fixtures and fittings Total
£ £ £
Cost
At 01 August 2022 56,354 1,639 57,993
At 31 July 2023 56,354 1,639 57,993
Accumulated depreciation
At 01 August 2022 15,902 1,152 17,054
Charge for the financial year 2,817 122 2,939
At 31 July 2023 18,719 1,274 19,993
Net book value
At 31 July 2023 37,635 365 38,000
At 31 July 2022 40,452 487 40,939

4. Stocks

2023 2022
£ £
Stocks 18,000 10,000

5. Debtors

2023 2022
£ £
Trade debtors 751 0
Other debtors 1,860 1,437
2,611 1,437

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 453 1,632
Other creditors 158,369 144,542
158,822 146,174

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10

8. 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 63,655 54,481