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REGISTERED NUMBER: 13154931 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Maris Homes (Cumbria) Limited

Maris Homes (Cumbria) Limited (Registered number: 13154931)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Maris Homes (Cumbria) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D Lavery





REGISTERED OFFICE: Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP





BUSINESS ADDRESS: Avalon
Rickerby
Carlisle
CA3 9AA





REGISTERED NUMBER: 13154931 (England and Wales)





ACCOUNTANTS: Venture
Chartered Accountants
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

Maris Homes (Cumbria) Limited (Registered number: 13154931)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,930 47,907
Investments 5 50 -
35,980 47,907

CURRENT ASSETS
Debtors 6 83,582 6,351
Investments 7 263,500 -
Cash at bank 702,438 1,081,958
1,049,520 1,088,309
CREDITORS
Amounts falling due within one year 8 954 930,128
NET CURRENT ASSETS 1,048,566 158,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,546

206,088

PROVISIONS FOR LIABILITIES 33,397 9,102
NET ASSETS 1,051,149 196,986

CAPITAL AND RESERVES
Called up share capital 9 103 2
Retained earnings 1,051,046 196,984
SHAREHOLDERS' FUNDS 1,051,149 196,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Maris Homes (Cumbria) Limited (Registered number: 13154931)

Statement of Financial Position - continued
31 January 2024


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 director and authorised for issue on 29 August 2024 and were signed by:





D Lavery - Director


Maris Homes (Cumbria) Limited (Registered number: 13154931)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Maris Homes (Cumbria) 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.


Maris Homes (Cumbria) Limited (Registered number: 13154931)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 72,342
At 31 January 2024 72,342
DEPRECIATION
At 1 February 2023 24,435
Charge for year 11,977
At 31 January 2024 36,412
NET BOOK VALUE
At 31 January 2024 35,930
At 31 January 2023 47,907

Maris Homes (Cumbria) Limited (Registered number: 13154931)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 101
Impairments (51 )
At 31 January 2024 50
NET BOOK VALUE
At 31 January 2024 50

During the year the structure of the Maris "Group" was revised to better reflect the commercial interests of the parties involved. As a results of the share for share exchange, Marsi Properties Ltd became a 100% subsidiary of the company. A second company, Maris Developments Ltd, was also acquired, but it was written down to a nil value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 41,678 -
Amounts owed by group undertakings 2,399 -
Other debtors 39,505 6,351
83,582 6,351

7. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Other 263,500 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors (1,046 ) 24,553
Taxation and social security - 25,140
Other creditors 2,000 880,435
954 930,128

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
102 Ordinary A £1 102 2
1 Ordinary B £1 1 -
103 2

101 Ordinary A shares of £1 each were allotted and fully paid for cash at par during the year.

Maris Homes (Cumbria) Limited (Registered number: 13154931)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL - continued

During the year as part of the Maris Group" restructuring, see fixed asset investment note. Additional shares were issued on a share for share basis. The director also took the opportunity to correct the opening share capital which should have been split between A and B shares.

10. RELATED PARTY DISCLOSURES

At the year end £2,299 (2023 (£415,271)) was owed/ (due) from companies under common control,. The balance was interest free and repayable on demand.

At the year end is nil (2023 £1,100) owed and nil (2023 £210,000) accrued to a company under the control of a close family member .

During the year there is £70,000 (2023 £390,000) included in consultancy expenses to that company.

The directors loan stood at £8,333 (debit balance) which was repair within 9 months, in addition the company was owed £11,010 from S Lavery.