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REGISTERED NUMBER: 13201613 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

MARSHALL HOUSING COMPANY LTD

MARSHALL HOUSING COMPANY LTD (REGISTERED NUMBER: 13201613)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSHALL HOUSING COMPANY LTD

COMPANY INFORMATION
for the year ended 28 February 2024







DIRECTORS: R Marshall
J A Marshall





REGISTERED OFFICE: 17 Queens Lane
Newcastle upon Tyne
NE1 1RN





REGISTERED NUMBER: 13201613 (England and Wales)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Viewforth House
189 Nicol Street
Kirkcaldy
Fife
KY1 1PF

MARSHALL HOUSING COMPANY LTD (REGISTERED NUMBER: 13201613)

BALANCE SHEET
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 102,000 77,250

CURRENT ASSETS
Debtors 5 - 100
Cash at bank 2,281 207
2,281 307
CREDITORS
Amounts falling due within one year 6 3,754 10,662
NET CURRENT LIABILITIES (1,473 ) (10,355 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,527

66,895

CREDITORS
Amounts falling due after more than one
year

7

(75,000

)

(67,500

)

PROVISIONS FOR LIABILITIES (4,703 ) -
NET ASSETS/(LIABILITIES) 20,824 (605 )

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 9 20,047 -
Retained earnings 677 (705 )
20,824 (605 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MARSHALL HOUSING COMPANY LTD (REGISTERED NUMBER: 13201613)

BALANCE SHEET - continued
28 February 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





R Marshall - Director


MARSHALL HOUSING COMPANY LTD (REGISTERED NUMBER: 13201613)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2024

1. STATUTORY INFORMATION

Marshall Housing Company Ltd 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the rental income received or receivable.

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.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

MARSHALL HOUSING COMPANY LTD (REGISTERED NUMBER: 13201613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2024

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 77,250
Revaluations 24,750
At 28 February 2024 102,000
NET BOOK VALUE
At 28 February 2024 102,000
At 28 February 2023 77,250

Fair value at 28 February 2024 is represented by:
£   
Valuation in 2024 24,750
Cost 77,250
102,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 77,250 77,250

Investment property was valued on an open market basis on 28 February 2024 by the directors .

The Mortgage Lender Limited hold a standard security charge over the assets owned by the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 159 -
Other creditors 3,595 10,662
3,754 10,662

MARSHALL HOUSING COMPANY LTD (REGISTERED NUMBER: 13201613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 75,000 67,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 75,000 67,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 75,000 67,500

The Mortgage Lender Limited hold a standard security charge over the assets owned by the company.

9. RESERVES
Non
distributable
reserve
£   
Revaluation gain 24,750
Deferred tax (4,703 )

At 28 February 2024 20,047

10. RELATED PARTY DISCLOSURES

Included in 'Other creditors' is an amount of £2,395 (2023 - £10,122) due to a director from the company.
This loan is interest free and has no fixed terms of repayment.