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Registered number: 02120019
Marley Dean Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Smartax Accountancy Ltd
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 02120019
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,450,000 1,450,000
1,450,000 1,450,000
CURRENT ASSETS
Debtors 5 5,147 2,477
Cash at bank and in hand 57,165 60,073
62,312 62,550
Creditors: Amounts Falling Due Within One Year 6 (76,898 ) (62,021 )
NET CURRENT ASSETS (LIABILITIES) (14,586 ) 529
TOTAL ASSETS LESS CURRENT LIABILITIES 1,435,414 1,450,529
Creditors: Amounts Falling Due After More Than One Year 7 (183,799 ) (212,623 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (112,983 ) (112,983 )
NET ASSETS 1,138,632 1,124,923
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 725,000 914,379
Income Statement 412,632 209,544
SHAREHOLDERS' FUNDS 1,138,632 1,124,923
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
S Cilia
Director
18/01/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marley Dean Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02120019 . The registered office is The Charter Building Smartax Accountancy Ltd, Office G-24,Charter Place, Uxbridge, England, UB8 1JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. 
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 
The financial statements have been prepared under historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on Cost
The gain or loss arising on the disposal of an assets is determined as the difference between the sale proceeds and the carrying value of the assets, and is credited or charged to profit or loss.
2.3. Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 1)
- 1
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost
As at 1 August 2022 1,450,000 12,170 1,462,170
As at 31 July 2023 1,450,000 12,170 1,462,170
Depreciation
As at 1 August 2022 - 12,170 12,170
As at 31 July 2023 - 12,170 12,170
Net Book Value
As at 31 July 2023 1,450,000 - 1,450,000
As at 1 August 2022 1,450,000 - 1,450,000
The valuation of the investment properties was made at £1,450,000 on 31 July 2023 (2022: £1,450,000) by the director on an open market basis.
No depreciation is provided in respect of this properties.
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 5,147 2,477
5,147 2,477
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 181 -
Bank loans and overdrafts 37,000 37,000
Corporation tax 3,216 6,228
InterCo MD > WHG 15,558 15,558
Accruals and deferred income 20,943 3,235
76,898 62,021
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 183,799 212,623
183,799 212,623
8. Related Party Transactions
The company is jointly controlled by William Hartley Group Limited.
Page 4