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REGISTERED NUMBER: 01555670 (England and Wales)











MARCON GAMESTOCK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






MARCON GAMESTOCK LIMITED (REGISTERED NUMBER: 01555670)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MARCON GAMESTOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr B Pillow
Mrs C G Pillow
Mrs F A Hill



SECRETARY: Mrs J E Pillow



REGISTERED OFFICE: Marcon
Rice Lane
Flaxton
York
North Yorkshire
YO60 7PZ



REGISTERED NUMBER: 01555670 (England and Wales)



ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
YO19 5UW



BANKERS: Yorkshire Bank Plc
11 Smiddy Hill
Pickering
YO18 7AN

MARCON GAMESTOCK LIMITED (REGISTERED NUMBER: 01555670)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426,450 522,700
Investments 5 - 2,750
Investment property 6 443,624 443,624
870,074 969,074

CURRENT ASSETS
Stocks 1,100 1,000
Debtors 26,724 10,319
Cash in hand 186 206
28,010 11,525
CREDITORS
Amounts falling due within one year 541,294 536,863
NET CURRENT LIABILITIES (513,284 ) (525,338 )
TOTAL ASSETS LESS CURRENT LIABILITIES 356,790 443,736

CREDITORS
Amounts falling due after more than one
year

(11,549

)

(17,500

)

PROVISIONS FOR LIABILITIES (5,401 ) (9,608 )
NET ASSETS 339,840 416,628

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve (non- distributable) 94,565 94,565
Retained earnings (non- distributable) 98,883 98,883
Retained earnings 146,092 222,880
SHAREHOLDERS' FUNDS 339,840 416,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MARCON GAMESTOCK LIMITED (REGISTERED NUMBER: 01555670)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2024 and were signed on its behalf by:





Mr B Pillow - Director


MARCON GAMESTOCK LIMITED (REGISTERED NUMBER: 01555670)

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


1. STATUTORY INFORMATION

Marcon Gamestock 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 as modified by the revaluation of certain assets.

The company is deemed a going concern on the basis that obligations will be met as they fall due with the support of the directors and bank loans.

Turnover
Turnover represents the amount derived from the provision of goods and services falling within the company's activities after the deduction of trade discounts and value added tax.

Rental income from operating leases is recognised on a straight line basis over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% straight line and 2% on cost
Plant and machinery - 20% on reducing balance and 10% straight line
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Investment properties are included in the financial statements at an estimate of fair value, as determined by the directors.

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost of disposal.

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 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.


MARCON GAMESTOCK LIMITED (REGISTERED NUMBER: 01555670)

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


2. ACCOUNTING POLICIES - continued
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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2022 697,985
Disposals (98,691 )
At 31 October 2023 599,294
DEPRECIATION
At 1 November 2022 175,285
Charge for year 13,985
Eliminated on disposal (16,426 )
At 31 October 2023 172,844
NET BOOK VALUE
At 31 October 2023 426,450
At 31 October 2022 522,700

Included in cost or valuation of land and buildings is freehold land of £ 140,888 (2022 - £ 140,888 ) which is not depreciated.



5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
BATA Investment - 2,750

MARCON GAMESTOCK LIMITED (REGISTERED NUMBER: 01555670)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 443,624
NET BOOK VALUE
At 31 October 2023 443,624
At 31 October 2022 443,624

Investment property was professionally valued as at October 2020 at market value which is deemed comparable to fair value. The directors have reviewed this valuation at the year-end and do not consider it to be materially different to fair value.

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 9,179 38,088
Bank loans 17,549 23,549
26,728 61,637

The bank overdraft is secured by way of a fixed and floating charge over the company's land, buildings and other assets.

The bank loan is provided through the Bounce Back Loan Scheme. Under the terms of the Scheme, the Secretary of State for Business, Energy and Industrial Strategy has agreed to provide the company's lenders with a Partial Guarantee. The lender's ability to provide this loan is dependent upon the lenders receiving the Partial Guarantee.

8. RELATED PARTY DISCLOSURES

Other creditors include loans advanced to the company by Mr and Mrs Pillow of £505,992 (2022 - £475,632). The loans are interest free and repayable on demand.