0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 390,000 390,000 390,000 xbrli:pure xbrli:shares iso4217:GBP 13529831 2023-08-01 2024-07-31 13529831 2024-07-31 13529831 2023-07-31 13529831 2022-08-01 2023-07-31 13529831 2023-07-31 13529831 2022-07-31 13529831 bus:Director1 2023-08-01 2024-07-31 13529831 core:WithinOneYear 2024-07-31 13529831 core:WithinOneYear 2023-07-31 13529831 core:ShareCapital 2024-07-31 13529831 core:ShareCapital 2023-07-31 13529831 core:RetainedEarningsAccumulatedLosses 2024-07-31 13529831 core:RetainedEarningsAccumulatedLosses 2023-07-31 13529831 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 13529831 core:Non-currentFinancialInstruments 2024-07-31 13529831 core:Non-currentFinancialInstruments 2023-07-31 13529831 bus:SmallEntities 2023-08-01 2024-07-31 13529831 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13529831 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13529831 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13529831 bus:FullAccounts 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 13529831
Marles Homes Limited
Filleted Unaudited Financial Statements
31 July 2024
Marles Homes Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
390,000
390,000
Current assets
Debtors
5
601
1,299
Cash at bank and in hand
6,517
7,188
-------
-------
7,118
8,487
Creditors: amounts falling due within one year
6
415,705
415,639
---------
---------
Net current liabilities
408,587
407,152
---------
---------
Total assets less current liabilities
( 18,587)
( 17,152)
--------
--------
Net liabilities
( 18,587)
( 17,152)
--------
--------
Capital and reserves
Called up share capital
300
300
Profit and loss account
( 18,887)
( 17,452)
--------
--------
Shareholders deficit
( 18,587)
( 17,152)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Marles Homes Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 4 September 2024 , and are signed on behalf of the board by:
Mr G Crewe
Director
Company registration number: 13529831
Marles Homes Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Treweyn Close, Llay, LL12 0RP, Wrexham.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have prepared the accounts on an ongoing basis due to the continuing support of the directors & shareholders.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
4. Investments
Other investments other than loans
£
Cost
At 1 August 2023 and 31 July 2024
390,000
---------
Impairment
At 1 August 2023 and 31 July 2024
---------
Carrying amount
At 31 July 2024
390,000
---------
At 31 July 2023
390,000
---------
5. Debtors
2024
2023
£
£
Other debtors
601
1,299
----
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
415,705
415,639
---------
---------
7. Directors' advances, credits and guarantees
The directors operated loan accounts with the company in the period. At the end of the period the company owed the directors £103,412 (2023 - £103,025). The loans are interest free and repayable on demand .
8. Related party transactions
During the year the company received loans from the shareholders. At the year end the company owed £311,175 (2023 £311,175) to the shareholders. No further transactions with related parties were entered into in the year that require disclosure.