Company Registration No. 13149876 (England and Wales)
MARVIN HOME LTD
Unaudited accounts
for the year ended 31 January 2024
MARVIN HOME LTD
Unaudited accounts
Contents
MARVIN HOME LTD
Company Information
for the year ended 31 January 2024
Company Number
13149876 (England and Wales)
Registered Office
54 GOODWOOD AVENUE
HUTTON
BRENTWOOD
CM13 1PY
ENGLAND
MARVIN HOME LTD
Statement of financial position
as at 31 January 2024
Investment property
465,119
465,119
Cash at bank and in hand
3,988
8,508
Creditors: amounts falling due within one year
(438)
(1,044)
Net current assets
3,550
7,464
Total assets less current liabilities
468,669
472,583
Creditors: amounts falling due after more than one year
(461,589)
(467,370)
Called up share capital
100
100
Profit and loss account
6,980
5,113
Shareholders' funds
7,080
5,213
For the year ending 31 January 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 23 October 2024 and were signed on its behalf by
Rajeev Nair
Director
Company Registration No. 13149876
MARVIN HOME LTD
Notes to the Accounts
for the year ended 31 January 2024
MARVIN HOME LTD is a private company, limited by shares, registered in England and Wales, registration number 13149876. The registered office is 54 GOODWOOD AVENUE, HUTTON, BRENTWOOD, CM13 1PY, 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.
Fair value at 1 February 2023
465,119
At 31 January 2024
465,119
Investment properties are in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpected lease term is less than 20 years.
Although this accounting policy is in accordance with the financial reporting standard for smaller entities (effective January 2015), It is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortization is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
438
1,044
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
315,050
315,050
Loans from directors
146,539
152,320
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).