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COMPANY REGISTRATION NUMBER: 12979680
Marvel 4 Property Ltd
Filleted Unaudited Financial Statements
30 November 2023
Marvel 4 Property Ltd
Statement of Financial Position
30 November 2023
30 Nov 23
31 May 22
Note
£
£
£
Current assets
Stocks
2,106,000
783,017
Debtors
5
46,583
8,497
Cash at bank and in hand
6,146
1,641
------------
---------
2,158,729
793,155
Creditors: amounts falling due within one year
6
2,162,067
797,148
------------
---------
Net current liabilities
3,338
3,993
-------
-------
Total assets less current liabilities
( 3,338)
( 3,993)
-------
-------
Net liabilities
( 3,338)
( 3,993)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 3,438)
( 4,093)
-------
-------
Shareholders deficit
( 3,338)
( 3,993)
-------
-------
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 period ending 30 November 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 period 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 16 September 2024 , and are signed on behalf of the board by:
Mr O Barkley
Director
Company registration number: 12979680
Marvel 4 Property Ltd
Notes to the Financial Statements
Period from 1 June 2022 to 30 November 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 40 Great Pulteney Street, Flat 3 Bath, Somerset, BA2 4BZ.
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2022: 2 ).
5. Debtors
30 Nov 23
31 May 22
£
£
Trade debtors
360
Other debtors
46,583
8,137
--------
-------
46,583
8,497
--------
-------
6. Creditors: amounts falling due within one year
30 Nov 23
31 May 22
£
£
Bank loans and overdrafts
1,414,385
Trade creditors
558
1,058
Amounts owed to group undertakings and undertakings in which the company has a participating interest
717,237
789,446
Other creditors
29,887
6,644
------------
---------
2,162,067
797,148
------------
---------
7. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
30 Nov 23
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr O Barkley
Mr D Browne
Mr O Lloyd
( 5,969)
( 5,969)
Mr N G Catt
-------
----
----
-------
( 5,969)
( 5,969)
-------
----
----
-------
31 May 22
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr O Barkley
( 1,987)
( 3,982)
( 5,969)
Mr D Browne
( 1,008)
1,008
Mr O Lloyd
( 1,966)
1,966
Mr N G Catt
( 1,008)
1,008
-------
-------
-------
-------
( 5,969)
( 3,982)
3,982
( 5,969)
-------
-------
-------
-------