MARK WILLIAM INVESTMENTS LTD

Company Registration Number:
01076434 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

MARK WILLIAM INVESTMENTS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

MARK WILLIAM INVESTMENTS LTD

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 349,599 244,919
Total fixed assets: 349,599 244,919
Current assets
Stocks: 2,000 2,000
Cash at bank and in hand: 46,669 13,954
Total current assets: 48,669 15,954
Creditors: amounts falling due within one year: 4 (44,199) (37,913)
Net current assets (liabilities): 4,470 (21,959)
Total assets less current liabilities: 354,069 222,960
Provision for liabilities: (59,734) (33,246)
Total net assets (liabilities): 294,335 189,714
Capital and reserves
Called up share capital: 32,841 32,841
Share premium account: 129,785 129,785
Revaluation reserve:5193,322193,322
Profit and loss account: (61,613) (166,234)
Shareholders funds: 294,335 189,714

The notes form part of these financial statements

MARK WILLIAM INVESTMENTS LTD

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2024
and signed on behalf of the board by:

Name: C Harrison
Status: Director

The notes form part of these financial statements

MARK WILLIAM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Fixtures, fittings, tools and equipment over 7 years

Other accounting policies

Stock Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period is which the related revenue was recognised. Investments Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably

MARK WILLIAM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 0 1

MARK WILLIAM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 266,574
Revaluations 105,000
At 30 September 2023 371,574
Depreciation
At 01 October 2022 21,655
Charge for year 320
At 30 September 2023 21,975
Net book value
At 30 September 2023 349,599
At 30 September 2022 244,919

MARK WILLIAM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Creditors: amounts falling due within one year note

Taxation and social security costs £13,046 (2022 £9,605) Other creditors £31,153 (2022 £28,308)

MARK WILLIAM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Revaluation reserve

2023
£
Balance at 01 October 2022 193,322
Surplus or deficit after revaluation 0
Balance at 30 September 2023 193,322

MARK WILLIAM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Related party transactions

Name of the related party: C Harrison
Relationship:
Director
Description of the Transaction: amounts owing to Mrs C Harrison £29,993 (2022 £27,593)
£
Balance at 01 October 2022 27,593
Balance at 30 September 2023 29,993