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REGISTERED NUMBER: 04041660 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mark Anglin Associates Limited

Mark Anglin Associates Limited (Registered number: 04041660)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mark Anglin Associates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M T Anglin





REGISTERED OFFICE: Kirby Farm
Tetney Road
Humberston
Grimsby
North East Lincs
DN36 4JN





REGISTERED NUMBER: 04041660 (England and Wales)






Mark Anglin Associates Limited (Registered number: 04041660)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,563 3,325
Investment property 5 8,902,643 8,902,643
8,905,206 8,905,968

CURRENT ASSETS
Debtors 6 46,668 40,205
Cash at bank and in hand 199,322 354,362
245,990 394,567
CREDITORS
Amounts falling due within one year 7 226,233 211,048
NET CURRENT ASSETS 19,757 183,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,924,963

9,089,487

CREDITORS
Amounts falling due after more than one
year

8

(6,373,299

)

(6,704,735

)

PROVISIONS FOR LIABILITIES (641 ) (632 )
NET ASSETS 2,551,023 2,384,120

CAPITAL AND RESERVES
Called up share capital 212 212
Revaluation reserve 10 35,600 35,600
Retained earnings 2,515,211 2,348,308
2,551,023 2,384,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mark Anglin Associates Limited (Registered number: 04041660)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





M T Anglin - Director


Mark Anglin Associates Limited (Registered number: 04041660)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mark Anglin Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Mark Anglin Associates Limited (Registered number: 04041660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 35,857
DEPRECIATION
At 1 April 2023 32,532
Charge for year 762
At 31 March 2024 33,294
NET BOOK VALUE
At 31 March 2024 2,563
At 31 March 2023 3,325

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 8,902,643
NET BOOK VALUE
At 31 March 2024 8,902,643
At 31 March 2023 8,902,643

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 46,668 40,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 62,558 48,028
Other creditors 163,675 163,020
226,233 211,048

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 6,373,299 6,704,735

Mark Anglin Associates Limited (Registered number: 04041660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans 6,373,299 6,704,735

9. SECURED DEBTS

The loans of £6,424,099 (2023: £6,770,895) are secured against the investment properties.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 35,600

11. RELATED PARTY DISCLOSURES

One of the investment properties owned by the company is rented by the director.

Included within the loans are balances of £49,750 (2023: £49,750) and £49,950 (2023: £49,950) owed to related parties which are charging interest of £3,980 (2023: £3,980) and £3,960 (2023: £3,960).