Company Registration No. 12582791 (England and Wales)
Marc Bolton Property Ltd
Unaudited accounts
for the year ended 31 May 2024
Marc Bolton Property Ltd
Unaudited accounts
Contents
Marc Bolton Property Ltd
Company Information
for the year ended 31 May 2024
Company Number
12582791 (England and Wales)
Registered Office
Unit 14 Poplar Road Business Park
Poplar Road
Cleethorpes
N E Lincolnshire
DN35 8BL
England
Accountants
LRCA Limited
McCue House
70 Wilton Road
Grimsby
N E Lincs
DN36 4AW
Marc Bolton Property Ltd
Statement of financial position
as at 31 May 2024
Investment property
200,000
200,000
Cash at bank and in hand
3,967
8,427
Creditors: amounts falling due within one year
(68,405)
(67,566)
Net current liabilities
(52,668)
(51,386)
Total assets less current liabilities
147,332
148,614
Creditors: amounts falling due after more than one year
(131,257)
(136,107)
Provisions for liabilities
Deferred tax
(3,021)
(3,021)
Called up share capital
100
100
Profit and loss account
12,954
9,386
Shareholders' funds
13,054
9,486
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2024 and were signed on its behalf by
M Bolton
Director
Company Registration No. 12582791
Marc Bolton Property Ltd
Notes to the Accounts
for the year ended 31 May 2024
Marc Bolton Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12582791. The registered office is Unit 14 Poplar Road Business Park, Poplar Road, Cleethorpes, N E Lincolnshire, DN35 8BL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 June 2023
200,000
Investment property was valued on an open market basis on 31st May 2024 by the director. Valuation was based on the sale of similar properties, in a similar location and condition.
Marc Bolton Property Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
170
153
Other debtors
11,600
7,600
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,163
3,341
Taxes and social security
17
-
Other creditors
63,235
63,235
Loans are secured on the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
131,257
136,107
Aggregate of amounts that fall due for payment after five years
113,303
118,099
Loans are secured against the assets to which they relate.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).