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COMPANY REGISTRATION NUMBER: 11630314
Martha's Vineyard Ltd
Filleted Unaudited Financial Statements
29 October 2023
Martha's Vineyard Ltd
Financial Statements
Period from 1 November 2022 to 29 October 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
Martha's Vineyard Ltd
Statement of Financial Position
29 October 2023
29 Oct 23
31 Oct 22
Note
£
£
Current assets
Debtors
4
32,481
43,150
Cash at bank and in hand
77
3
--------
--------
32,558
43,153
Creditors: amounts falling due within one year
5
( 13,249)
( 18,225)
--------
--------
Net current assets
19,309
24,928
--------
--------
Total assets less current liabilities
19,309
24,928
Creditors: amounts falling due after more than one year
6
( 22,005)
( 26,028)
--------
--------
Net liabilities
( 2,696)
( 1,100)
--------
--------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
( 2,697)
( 1,101)
-------
-------
Shareholders deficit
( 2,696)
( 1,100)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 October 2023 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 October 2024 , and are signed on behalf of the board by:
Mr D Mills
Director
Company registration number: 11630314
Martha's Vineyard Ltd
Notes to the Financial Statements
Period from 1 November 2022 to 29 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cleddau House, Milford Marina, Milford Haven, Pembrokeshire, SA73 3AA.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
29 Oct 23
31 Oct 22
£
£
Other debtors
32,481
43,150
--------
--------
Other debtors include an amount of £nil (2022 - £nil) falling due after more than one year.
5. Creditors: amounts falling due within one year
29 Oct 23
31 Oct 22
£
£
Bank loans and overdrafts (secured)
9,999
11,557
Trade creditors
1,168
Other creditors
3,250
5,500
--------
--------
13,249
18,225
--------
--------
6. Creditors: amounts falling due after more than one year
29 Oct 23
31 Oct 22
£
£
Bank loans and overdrafts (secured)
22,005
26,028
--------
--------
7. Called up share capital
Issued, called up and fully paid
29 Oct 23
31 Oct 22
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Related party transactions
The company was under the control of Mr D Mills throughout the current and previous period. Mr D Mills is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.