REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30TH NOVEMBER 2023 |
FOR |
MARK GAMMAGE HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30TH NOVEMBER 2023 |
FOR |
MARK GAMMAGE HOLDINGS LIMITED |
MARK GAMMAGE HOLDINGS LIMITED (REGISTERED NUMBER: 09894149) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MARK GAMMAGE HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH NOVEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 Jesus Lane |
Cambridge |
Cambridgeshire |
CB5 8BA |
MARK GAMMAGE HOLDINGS LIMITED (REGISTERED NUMBER: 09894149) |
BALANCE SHEET |
30TH NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investments | 6 |
Investment property | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
MARK GAMMAGE HOLDINGS LIMITED (REGISTERED NUMBER: 09894149) |
BALANCE SHEET - continued |
30TH NOVEMBER 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
MARK GAMMAGE HOLDINGS LIMITED (REGISTERED NUMBER: 09894149) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Mark Gammage Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Mark Gammage Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is derived from the provision of accomodation and represents rental income, income is recognised on a cash basis. |
Tangible fixed assets |
Computer equipment | - |
Investments in subsidiaries |
Investment in subsidiaries undertakings are recognised at cost. |
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 |
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
MARK GAMMAGE HOLDINGS LIMITED (REGISTERED NUMBER: 09894149) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH NOVEMBER 2023 |
3. | ACCOUNTING POLICIES - continued |
Investments |
Investments comprise investments in unquoted equity instruments which are measured |
at fair value. Changes in fair value are recognised in profit or loss. Fair value is based on the valuations prepared by the investment manager. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st December 2022 |
Additions |
At 30th November 2023 |
DEPRECIATION |
At 1st December 2022 |
and 30th November 2023 |
NET BOOK VALUE |
At 30th November 2023 |
At 30th November 2022 |
6. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in joint | Other |
undertakings | venture | investments | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1st December 2022 | 300,541 |
Disposals | ( |
) | (300,481 | ) |
At 30th November 2023 | 60 |
NET BOOK VALUE |
At 30th November 2023 | 60 |
At 30th November 2022 | 300,541 |
MARK GAMMAGE HOLDINGS LIMITED (REGISTERED NUMBER: 09894149) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH NOVEMBER 2023 |
6. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 30th November 2023 is represented by: |
Shares in | Interest |
group | in joint | Other |
undertakings | venture | investments | Totals |
£ | £ | £ | £ |
Valuation in 2019 | 8 | 103 | - | 111 |
Valuation in 2020 | - | - | (2,070 | ) | (2,070 | ) |
Valuation in 2021 | - | - | 30,505 | 30,505 |
Valuation in 2022 | - | (51 | ) | (22,415 | ) | (22,466 | ) |
Cost | - | - | (6,020 | ) | (6,020 | ) |
8 | 52 | - | 60 |
7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st December 2022 |
Additions |
At 30th November 2023 |
NET BOOK VALUE |
At 30th November 2023 |
At 30th November 2022 |
Fair value at 30th November 2023 is represented by: |
£ |
Valuation in 2022 | 13,339 |
Cost | 659,886 |
673,225 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
MARK GAMMAGE HOLDINGS LIMITED (REGISTERED NUMBER: 09894149) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH NOVEMBER 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
10. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 5,284 | 5,284 |
Deferred |
tax |
£ |
Balance at 1st December 2022 |
Balance at 30th November 2023 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 200 | 200 |
Ordinary A | £1 | 50 | 50 |
Ordinary B | £1 | 49 | 49 |
Ordinary C | £1 | 1 | 1 |
300 | 300 |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is M D Gammage. |