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REGISTERED NUMBER: 05023901 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Marston Homes Limited

Marston Homes Limited (Registered number: 05023901)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marston Homes Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J B Haines
S P Haines



REGISTERED OFFICE: 4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT



REGISTERED NUMBER: 05023901 (England and Wales)



ACCOUNTANTS: Smith Cookson
Chartered Accountants
4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT



BANKERS: National Westminster Bank
16 South Parade
Nottingham
Nottinghamshire
NG1 2JX

Marston Homes Limited (Registered number: 05023901)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,409 5,879
Investment property 6 250,000 250,000
254,409 255,879

CURRENT ASSETS
Debtors 7 739 66
Cash at bank 5,967 31,147
6,706 31,213
CREDITORS
Amounts falling due within one year 8 210,969 225,030
NET CURRENT LIABILITIES (204,263 ) (193,817 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,146

62,062

CREDITORS
Amounts falling due after more than one
year

9

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES 11 (19,000 ) (19,000 )
NET ASSETS 9,479 11,395

CAPITAL AND RESERVES
Called up share capital 12 6 6
Non-distributable reserves 13 81,000 81,000
Retained earnings 13 (71,527 ) (69,611 )
SHAREHOLDERS' FUNDS 9,479 11,395

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 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.

Marston Homes Limited (Registered number: 05023901)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





J B Haines - Director


Marston Homes Limited (Registered number: 05023901)

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

1. STATUTORY INFORMATION

Marston Homes 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Investment property has not been depreciated. This treatment is not in accordance with the Companies Act 2006, but the directors believe the current value gives a true and fair view.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 112,000
AMORTISATION
At 1 February 2023
and 31 January 2024 112,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Marston Homes Limited (Registered number: 05023901)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 1,759 39,279 962 42,000
DEPRECIATION
At 1 February 2023 1,484 33,824 813 36,121
Charge for year 69 1,364 37 1,470
At 31 January 2024 1,553 35,188 850 37,591
NET BOOK VALUE
At 31 January 2024 206 4,091 112 4,409
At 31 January 2023 275 5,455 149 5,879

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 250,000
NET BOOK VALUE
At 31 January 2024 250,000
At 31 January 2023 250,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2010 10,000
Valuation in 2012 30,000
Valuation in 2018 20,000
Valuation in 2021 20,000
Valuation in 2022 20,000
Cost 150,000
250,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 150,000 150,000

Investment property was valued on an open market basis on 31 January 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
VAT 739 66

Marston Homes Limited (Registered number: 05023901)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Directors' current accounts 194,252 208,728
Accruals and deferred income 6,717 6,302
210,969 225,030

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans to be repaid
between 2 & 5 years by
instalments 11,667 21,667
21,667 31,667

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 31,667 41,667

11. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Other timing differences 19,000 19,000

Deferred
tax
£   
Balance at 1 February 2023 19,000
Balance at 31 January 2024 19,000

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
6 Ordinary 1.00 6 6

Marston Homes Limited (Registered number: 05023901)

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

13. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 February 2023 (69,611 ) 81,000 11,389
Deficit for the year (1,916 ) (1,916 )
At 31 January 2024 (71,527 ) 81,000 9,473