IRIS Accounts Production v24.2.0.383 04238718 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042387182023-03-31042387182024-03-31042387182023-04-012024-03-31042387182022-03-31042387182022-04-012023-03-31042387182023-03-3104238718ns15:EnglandWales2023-04-012024-03-3104238718ns14:PoundSterling2023-04-012024-03-3104238718ns10:Director12023-04-012024-03-3104238718ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104238718ns10:SmallEntities2023-04-012024-03-3104238718ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3104238718ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104238718ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104238718ns10:FullAccounts2023-04-012024-03-3104238718ns10:OrdinaryShareClass12023-04-012024-03-3104238718ns10:Director22023-04-012024-03-3104238718ns10:Director32023-04-012024-03-3104238718ns10:Director42023-04-012024-03-3104238718ns10:Director52023-04-012024-03-3104238718ns10:CompanySecretary12023-04-012024-03-3104238718ns10:RegisteredOffice2023-04-012024-03-3104238718ns5:CurrentFinancialInstruments2024-03-3104238718ns5:CurrentFinancialInstruments2023-03-3104238718ns5:ShareCapital2024-03-3104238718ns5:ShareCapital2023-03-3104238718ns5:RetainedEarningsAccumulatedLosses2024-03-3104238718ns5:RetainedEarningsAccumulatedLosses2023-03-3104238718ns5:FurnitureFittings2023-03-3104238718ns5:MotorVehicles2023-03-3104238718ns5:FurnitureFittings2023-04-012024-03-3104238718ns5:MotorVehicles2023-04-012024-03-3104238718ns5:FurnitureFittings2024-03-3104238718ns5:MotorVehicles2024-03-3104238718ns5:FurnitureFittings2023-03-3104238718ns5:MotorVehicles2023-03-3104238718ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104238718ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104238718ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 04238718 (England and Wales)















MARK RANDALL DEVELOPMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






MARK RANDALL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238718)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


MARK RANDALL DEVELOPMENTS LIMITED

Company Information
for the year ended 31 March 2024







Directors: M J Randall
N C Randall
J M Randall-Sieverts
T J Randall
A Randall





Secretary: M J Randall





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 04238718 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mark Randall Developments Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mark Randall Developments Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Mark Randall Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mark Randall Developments Limited and state those matters that we have agreed to state to the Board of Directors of Mark Randall Developments Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mark Randall Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mark Randall Developments Limited. You consider that Mark Randall Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mark Randall Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP


16 September 2024

MARK RANDALL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238718)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 3,198 4,128

Current assets
Stocks 1,128,923 1,248,908
Debtors 5 557,364 22,901
Investments 6 - 150,000
Cash at bank 128,327 100,474
1,814,614 1,522,283
Creditors
Amounts falling due within one year 7 (1,084,896 ) (737,641 )
Net current assets 729,718 784,642
Total assets less current liabilities 732,916 788,770

Capital and reserves
Called up share capital 8 100 100
Retained earnings 732,816 788,670
Shareholders' funds 732,916 788,770

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:



M J Randall - Director


MARK RANDALL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238718)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Mark Randall Developments 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

Accounting convention
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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Turnover
The turnover shown in the profit and loss account represents amounts receivable from the sale of properties which are recognised on the unconditional exchange of contracts.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment25% reducing balance
Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

MARK RANDALL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238718)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, loans from fellow connected companies, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided in full respect of taxation, deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred taxation balance has not been discounted.

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 5 (2023 - 5 ) .

MARK RANDALL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238718)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 April 2023
and 31 March 2024 4,910 9,000 13,910
Depreciation
At 1 April 2023 2,918 6,864 9,782
Charge for year 396 534 930
At 31 March 2024 3,314 7,398 10,712
Net book value
At 31 March 2024 1,596 1,602 3,198
At 31 March 2023 1,992 2,136 4,128

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 557,364 22,901

6. Current asset investments
2024 2023
£ £
Unlisted investments - 150,000

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 36,248 3,713
Taxation and social security 9,031 24,037
Other creditors 1,039,617 709,891
1,084,896 737,641

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100