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REGISTERED NUMBER: 00243387 (England and Wales)















H. E. Marshall Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






H. E. Marshall Limited (Registered number: 00243387)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H. E. Marshall Limited

Company Information
for the year ended 31 December 2023







Director: C A Slaughter





Secretary: C A Slaughter





Registered office: 178 Buckingham Avenue
Slough
Berkshire
SL1 4RD





Registered number: 00243387 (England and Wales)





Accountants: Cooper Parry Advisory Limited
178 Buckingham Avenue
Slough
Berkshire
SL1 4RD

H. E. Marshall Limited (Registered number: 00243387)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 1,600,000 1,600,000

Current assets
Debtors 5 77,509 77,509
Investments 6 805,184 755,320
Prepayments and accrued income 3,702 3,413
Cash at bank 171,635 184,861
1,058,030 1,021,103
Creditors
Amounts falling due within one year 7 77,614 67,286
Net current assets 980,416 953,817
Total assets less current liabilities 2,580,416 2,553,817

Provisions for liabilities 8 228,199 228,199
Net assets 2,352,217 2,325,618

Capital and reserves
Called up share capital 9 2,652 2,652
Capital redemption reserve 10 6,004 6,004
Retained earnings 10 2,343,561 2,316,962
Shareholders' funds 2,352,217 2,325,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





C A Slaughter - Director


H. E. Marshall Limited (Registered number: 00243387)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

H. E. Marshall 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.

Going Concern
The director has identified no material uncertainties that cast significant doubt about the ability of the company to continue as a going concern.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year 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 year end and that are expected to apply to the reversal of the timing difference.

Other operating income
Other operating income represents rental income received for the year.

Investments
Current and fixed asset investments held are shown at their fair value less any provision for impairment.

H. E. Marshall Limited (Registered number: 00243387)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Key sources of estimation uncertainty and judgements
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically.

There is estimation uncertainty in calculating the fair value of investment properties. The value of investment properties are monitored during the year. A review of investment property value is carried out at the year-end and any movement in value is identified and reflected in the valuation as at the year-end. Whilst every attempt is made to ensure that the investment property values are as accurate as possible, there remains a risk that the values do not match the ultimate unrealised value of investment properties held.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Investment property
Total
£
Fair value
At 1 January 2023
and 31 December 2023 1,600,000
Net book value
At 31 December 2023 1,600,000
At 31 December 2022 1,600,000

The historical cost value of the investment property is £687,204

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 77,509 77,509

6. Current asset investments
2023 2022
£ £
Listed investments 805,184 755,320

7. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation and social security 33,299 28,499
Other creditors 44,315 38,787
77,614 67,286

8. Provisions for liabilities
2023 2022
£ £
Deferred tax 228,199 228,199

H. E. Marshall Limited (Registered number: 00243387)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 January 2023 228,199
Balance at 31 December 2023 228,199

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
5,304 Ordinary 0.50 2,652 2,652

10. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 January 2023 2,316,962 6,004 2,322,966
Profit for the year 159,199 159,199
Dividends (132,600 ) (132,600 )
At 31 December 2023 2,343,561 6,004 2,349,565

11. Related party disclosures

At 31 December 2022, the company was owed £77,509 (2022: £77,509) by a related company.

During the year total dividends of £132,600 (2022: £106,080) were paid to the shareholders.

12. Ultimate controlling party

The ultimate controlling party is C A Slaughter.