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Registration number: 03454637

Martins Amenities Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Martins Amenities Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Martins Amenities Limited

(Registration number: 03454637)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

120

153

Investment property

5

372,811

372,811

 

372,931

372,964

Current assets

 

Debtors

6

-

5,138

Cash at bank and in hand

 

38,777

37,159

 

38,777

42,297

Creditors: Amounts falling due within one year

7

(42,093)

(45,442)

Net current liabilities

 

(3,316)

(3,145)

Total assets less current liabilities

 

369,615

369,819

Creditors: Amounts falling due after more than one year

7

(165,474)

(165,474)

Net assets

 

204,141

204,345

Capital and reserves

 

Called up share capital

2

2

Retained earnings

204,139

204,343

Shareholders' funds

 

204,141

204,345

For the financial year ending 31 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Martins Amenities Limited

(Registration number: 03454637)
Balance Sheet as at 31 October 2023

Approved and authorised by the director on 28 October 2024
 


Mr DE Beecroft Snr
Director

 

Martins Amenities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
128 Crewe Road
Haslington
Crewe
Cheshire
CW1 5RQ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Martins Amenities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

20% on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

597

597

At 31 October 2023

597

597

Depreciation

At 1 November 2022

444

444

Charge for the year

33

33

At 31 October 2023

477

477

Carrying amount

At 31 October 2023

120

120

At 31 October 2022

153

153

5

Investment properties

2023
£

At 1 November

372,811

At 31 October

372,811

In the opinion of the director there has been no material change in the fair value of investment property.

 

Martins Amenities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

5,138

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

42,093

45,442

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

165,474

165,474

Creditors include bank loans and overdrafts which are secured of £165,474 (2022 - £165,474).