REGISTERED NUMBER: |
H. E. Marshall Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Debtors | 5 |
Investments | 6 |
Prepayments and accrued income |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | 8 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Capital redemption reserve | 10 |
Retained earnings | 10 |
Shareholders' funds |
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. |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
The historical cost value of the investment property is £687,204 |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
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 |
Other creditors |
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 |
Balance at 31 December 2023 |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | 0.50 | 2,652 | 2,652 |
10. | Reserves |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2023 | 2,322,966 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 31 December 2023 | 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 |