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REGISTERED NUMBER: 08798133 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARK & JON LTD

MARK & JON LTD (REGISTERED NUMBER: 08798133)

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


MARK & JON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr M A Hedge
Mr J E Williams



REGISTERED OFFICE: Hartland
Mortimer Avenue
Preston
Paignton
Devon
TQ3 1LR



REGISTERED NUMBER: 08798133 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays Bank Plc
6-8 Palace Avenue
Paignton
Devon
TQ3 3ET

MARK & JON LTD (REGISTERED NUMBER: 08798133)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 51 51
Investment property 5 515,000 487,042
515,051 487,093

CURRENT ASSETS
Debtors 6 4,851 11,188
Cash at bank 42,765 18,600
47,616 29,788
CREDITORS
Amounts falling due within one year 7 142,124 135,036
NET CURRENT LIABILITIES (94,508 ) (105,248 )
TOTAL ASSETS LESS CURRENT LIABILITIES 420,543 381,845

PROVISIONS FOR LIABILITIES 33,907 28,595
NET ASSETS 386,636 353,250

CAPITAL AND RESERVES
Called up share capital 120 120
Other reserves 144,551 121,905
Retained earnings 241,965 231,225
SHAREHOLDERS' FUNDS 386,636 353,250

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 directors acknowledge their 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.

MARK & JON LTD (REGISTERED NUMBER: 08798133)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:





Mr M A Hedge - Director


MARK & JON LTD (REGISTERED NUMBER: 08798133)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Mark & Jon Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Statement of Income and Retained Earnings, 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).

MARK & JON LTD (REGISTERED NUMBER: 08798133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 January 2023
and 31 December 2023 51
NET BOOK VALUE
At 31 December 2023 51
At 31 December 2022 51

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 487,042
Revaluations 27,958
At 31 December 2023 515,000
NET BOOK VALUE
At 31 December 2023 515,000
At 31 December 2022 487,042

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 260,669
Valuation in 2021 196,373
Valuation in 2022 30,000
Valuation in 2023 27,958
515,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,851 11,188

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 4,021 211
Williams Hedge & Co Ltd 136,867 133,667
Accrued expenses 1,236 1,158
142,124 135,036

MARK & JON LTD (REGISTERED NUMBER: 08798133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr M A Hedge
Balance outstanding at start of year - -
Amounts advanced 3,200 24,400
Amounts repaid (3,200 ) (24,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr J E Williams
Balance outstanding at start of year - -
Amounts advanced 3,200 24,400
Amounts repaid (3,200 ) (24,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,600 (2022 - £48,400) were paid to the directors .

Intercompany Loans. During the year the company owed Williams Hedge & Co Ltd £136,867 (2022-£133,667.40). The loans are unsecured, interest free and repayable on demand.