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REGISTERED NUMBER: 13970139 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

March East Developments Limited

March East Developments Limited (Registered number: 13970139)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


March East Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A C Byrne
D A Pickering





REGISTERED OFFICE: Dromenagh Farm
Seven Hills Road
Iver
SL0 0PA





REGISTERED NUMBER: 13970139 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

March East Developments Limited (Registered number: 13970139)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 342,872 362,763
Debtors 4 155,802 76
Cash at bank and in hand 2,522 2,615
501,196 365,454
CREDITORS
Amounts falling due within one year 5 511,652 368,170
NET CURRENT LIABILITIES (10,456 ) (2,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,456

)

(2,716

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,556 ) (2,816 )
(10,456 ) (2,716 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

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 23 October 2024 and were signed on its behalf by:





A C Byrne - Director


March East Developments Limited (Registered number: 13970139)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

March East Developments 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.

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.

Stocks
Stocks (excluding land) are held at cost value which comprises land and associated acquisition costs, direct materials and subcontract work, other direct costs and overheads that have been incurred in bringing the stocks to their present location and condition. Land stocks include contract exchange deposits. A net realisable value is assessed periodically and any necessary adjustment made.

Where the company enters into arrangements for the purchase of land and these arrangements are conditional on a future event the option fees and other relevant initial costs are recognised in stock as they fall due. The full cost of the land is not recognised until the option has been executed.

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 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by associates 155,802 -
Other debtors - 76
155,802 76

March East Developments Limited (Registered number: 13970139)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 46,362 5,428
Amounts owed to associates 178,786 74,978
Other creditors 286,504 287,764
511,652 368,170

6. RELATED PARTY DISCLOSURES

At 29th February 2024 the company owed A C Byrne £25,424 (2023: £25,424).

A C Byrne is also a director of Tyel Limited. During the period Tyel Limited made advancements to the company totalling £103,808. The balance outstanding at 29th February 2024 was £178,786 (2023: £74,978). No interest is being charged on this amount.

A C Byrne and D A Pickering are also directors of Lambs Hill Developments Limited. During the period the company made advancements to Lambs Hill Developments Limited totalling £155,713. The balance outstanding at 29th February 2024 was £155,789 (2023: £76). No interest is being charged on this amount.

A C Byrne and D A Pickering are also directors of Orchard View Developments Limited. During the period the company made advancements to Orchard View Developments Limited totalling £14. The balance outstanding at 29th February 2024 was £14 (2023: £Nil). No interest is being charged on this amount.