REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
The Marsden Height Land Company Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
The Marsden Height Land Company Limited |
The Marsden Height Land Company Limited (Registered number: 00136964) |
Contents of the Financial Statements |
for the year ended 31 January 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
The Marsden Height Land Company Limited |
Company Information |
for the year ended 31 January 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
22-28 Willow Street |
Accrington |
Lancashire |
BB5 1LP |
The Marsden Height Land Company Limited (Registered number: 00136964) |
Abridged Balance Sheet |
31 January 2024 |
31/1/24 | 31/1/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The Marsden Height Land Company Limited (Registered number: 00136964) |
Abridged Balance Sheet - continued |
31 January 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
The Marsden Height Land Company Limited (Registered number: 00136964) |
Notes to the Financial Statements |
for the year ended 31 January 2024 |
1. | STATUTORY INFORMATION |
The Marsden Height Land Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents total rent receivable. |
Tangible fixed assets |
The Directors consider that it is not possible to revalue accurately the club house and the golf course as there are no comparable market values to use. |
This is a breach of Financial Reporting Standard 102. |
Nevertheless the Directors are of the opinion that the market value of the properties is considerably in excess of book value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2023 |
and 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/24 | 31/1/23 |
value: | £ | £ |
Ordinary | £10 | 15,790 | 15,790 |
(31/1/23 - 1,579 ) |
The Marsden Height Land Company Limited (Registered number: 00136964) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2024 |
6. | CONTINGENT LIABILITIES |
The company has executed a Legal Mortgage under which a loan, limited to £80,000 plus interest, to the Nelson Golf Club by the National Westminster Bank plc is secured on the company's land and buildings, which consist of the golf course and original club house. |
7. | RELATED PARTY DISCLOSURES |
Nelson Golf Club holds 1,568 shares which represent 99.3% of the issued share capital. The company lets its land and buildings to the Club and the rent charged for the year was £1,000 (2023 £1,000). |
The Golf Club also purchased a plot of land from the company at an open market valuation of £15,000, financed by a loan from the company to the Club, which is secured by a legal charge on the land. |