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COMPANY REGISTRATION NUMBER: 9341684
Marlborough Homes Southern Limited
Filleted Unaudited Financial Statements
31 December 2023
Marlborough Homes Southern Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
11,417
8,812
Cash at bank and in hand
1,106
1,098
--------
-------
12,523
9,910
Creditors: amounts falling due within one year
5
296,655
292,265
---------
---------
Net current liabilities
284,132
282,355
---------
---------
Total assets less current liabilities
( 284,132)
( 282,355)
---------
---------
Capital and reserves
Called up share capital
6
2
2
Profit and loss account
( 284,134)
( 282,357)
---------
---------
Shareholders deficit
( 284,132)
( 282,355)
---------
---------
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 December 2023 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 .
These financial statements were approved by the board of directors and authorised for issue on 13 September 2024 , and are signed on behalf of the board by:
TN Francis
Director
Company registration number: 9341684
Marlborough Homes Southern Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Counsells Chartered Accountants, 49 Smithbrook Kilns, Cranleigh, Surrey, GU6 8JJ.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2023
2022
£
£
Other debtors
11,417
8,812
--------
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
44,670
46,426
Trade creditors
19,042
24,902
Social security and other taxes
335
1,035
Other creditors
232,608
219,902
---------
---------
296,655
292,265
---------
---------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
7. Related party transactions
The company was owned and under the control of the directors Mr BA Grove and Mr TN Francis throughout the current year. Included in other debtors are balances of £11,415 (2022: £7,990) due from companies owned and controlled by the directors. Included in other creditors are balances of £231,608 (2022: £215,403) due to companies owned and controlled by the directors.