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REGISTERED NUMBER: 04010062 (England and Wales)















Unaudited Financial Statements

for the period

1 April 2022 to 30 September 2023

for

J. MARKFIELD LIMITED

J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062)

Contents of the Financial Statements
for the period 1 April 2022 to 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. MARKFIELD LIMITED

Company Information
for the period 1 April 2022 to 30 September 2023







Directors: Mrs S L Farrow
Mr J Harris
Mr J B Harris
Ms N F Murch





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 04010062 (England and Wales)





Accountants: Duncan & Toplis Limited
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 807,152 9,286

Current assets
Debtors 5 713,712 617,088
Cash at bank and in hand 19,487 60,420
733,199 677,508
Creditors
Amounts falling due within one year 6 997,326 289,864
Net current (liabilities)/assets (264,127 ) 387,644
Total assets less current liabilities 543,025 396,930

Provisions for liabilities 1,513 1,764
Net assets 541,512 395,166

Capital and reserves
Called up share capital 8 100 100
Retained earnings 541,412 395,066
Shareholders' funds 541,512 395,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 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.

J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062)

Balance Sheet - continued
30 September 2023


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 17 September 2024 and were signed on its behalf by:





Ms N F Murch - Director


J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062)

Notes to the Financial Statements
for the period 1 April 2022 to 30 September 2023


1. Statutory information

J. Markfield 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Improvements to property - Not depreciated
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 September 2023


3. Employees and directors

The average number of employees during the period was 3 (2022 - 3 ) .

4. Tangible fixed assets
Fixtures
Freehold Improvements and Computer
property to property fittings equipment Totals
£ £ £ £ £
Cost
At 1 April 2022 - 63,345 57,642 9,835 130,822
Additions 724,500 72,944 4,450 1,798 803,692
Reclassification/transfer - (63,345 ) 63,345 - -
At 30 September 2023 724,500 72,944 125,437 11,633 934,514
Depreciation
At 1 April 2022 - 60,554 54,428 6,554 121,536
Charge for period - - 3,921 1,905 5,826
Reclassification/transfer - (60,554 ) 60,554 - -
At 30 September 2023 - - 118,903 8,459 127,362
Net book value
At 30 September 2023 724,500 72,944 6,534 3,174 807,152
At 31 March 2022 - 2,791 3,214 3,281 9,286

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 7,926 12,807
Other debtors 705,786 604,281
713,712 617,088

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 9,650 26,667
Trade creditors 87,510 128,106
Amounts owed to group undertakings 75,010 79,010
Taxation and social security 39,681 40,346
Other creditors 785,475 15,735
997,326 289,864

J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 September 2023


7. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 9,650 26,667

The bank loan is secured by personal guarantees from the directors.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100