MARYTRAPNELL Limited 14770910 false 2023-03-30 2024-03-31 2024-03-31 The principal activity of the company is real estate agency. Digita Accounts Production Advanced 6.30.9574.0 true 14770910 2023-03-30 2024-03-31 14770910 2024-03-31 14770910 core:RetainedEarningsAccumulatedLosses 2024-03-31 14770910 core:ShareCapital 2024-03-31 14770910 core:CurrentFinancialInstruments 2024-03-31 14770910 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14770910 core:FurnitureFittingsToolsEquipment 2024-03-31 14770910 1 2024-03-31 14770910 bus:SmallEntities 2023-03-30 2024-03-31 14770910 bus:AuditExemptWithAccountantsReport 2023-03-30 2024-03-31 14770910 bus:FullAccounts 2023-03-30 2024-03-31 14770910 bus:SmallCompaniesRegimeForAccounts 2023-03-30 2024-03-31 14770910 bus:RegisteredOffice 2023-03-30 2024-03-31 14770910 bus:Director1 2023-03-30 2024-03-31 14770910 bus:PrivateLimitedCompanyLtd 2023-03-30 2024-03-31 14770910 core:FurnitureFittingsToolsEquipment 2023-03-30 2024-03-31 14770910 core:OfficeEquipment 2023-03-30 2024-03-31 14770910 countries:EnglandWales 2023-03-30 2024-03-31 14770910 1 2023-03-30 2024-03-31 14770910 1 2023-03-29 iso4217:GBP xbrli:pure

Registration number: 14770910

MARYTRAPNELL Limited

Filleted Unaudited Financial Statements

for the Period from 30 March 2023 to 31 March 2024

 

MARYTRAPNELL Limited
(Registration number: 14770910)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

MARYTRAPNELL Limited
(Registration number: 14770910)

Company Information

Director

Ms M P Trapnell

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

MARYTRAPNELL Limited
(Registration number: 14770910)

Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,616

Current assets

 

Debtors

5

5,969

Cash at bank and in hand

 

2,006

 

7,975

Creditors: Amounts falling due within one year

6

(9,383)

Net current liabilities

 

(1,408)

Net assets

 

208

Capital and reserves

 

Called up share capital

100

Profit and loss account

108

Total equity

 

208

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 24 June 2024
 

.........................................
Ms M P Trapnell
Director

 

MARYTRAPNELL Limited
(Registration number: 14770910)

Notes to the Unaudited Financial Statements for the Period from 30 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

MARYTRAPNELL Limited
(Registration number: 14770910)

Notes to the Unaudited Financial Statements for the Period from 30 March 2023 to 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

MARYTRAPNELL Limited
(Registration number: 14770910)

Notes to the Unaudited Financial Statements for the Period from 30 March 2023 to 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

MARYTRAPNELL Limited
(Registration number: 14770910)

Notes to the Unaudited Financial Statements for the Period from 30 March 2023 to 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,155

2,155

At 31 March 2024

2,155

2,155

Depreciation

Charge for the period

539

539

At 31 March 2024

539

539

Carrying amount

At 31 March 2024

1,616

1,616

5

Debtors

2024
£

Trade debtors

620

Other debtors

5,349

Total current trade and other debtors

5,969

6

Creditors

2024
£

Due within one year

Taxation and social security

7,450

Accrued expenses

1,933

9,383

7

Related party transactions

Transactions with the director

2024

At 30 March 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Interest free loan repayable on demand

-

46,970

(41,621)

5,349