1 May 2023 v2024.67.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP019176102023-05-012024-04-30019176102024-04-30019176102023-04-3001917610core:WithinOneYear2024-04-3001917610core:WithinOneYear2023-04-3001917610core:AfterOneYear2024-04-3001917610core:AfterOneYear2023-04-3001917610core:ShareCapital2024-04-3001917610core:ShareCapital2023-04-3001917610core:RevaluationReserve2024-04-3001917610core:RevaluationReserve2023-04-3001917610core:RetainedEarningsAccumulatedLosses2024-04-3001917610core:RetainedEarningsAccumulatedLosses2023-04-3001917610bus:Director12023-05-012024-04-3001917610bus:RegisteredOffice2023-05-012024-04-3001917610core:OfficeEquipment2023-05-012024-04-3001917610core:FurnitureFittingsToolsEquipment2023-05-012024-04-3001917610core:MotorVehicles2023-05-012024-04-30019176102022-05-012023-04-30019176102023-05-010191761012023-05-012024-04-3001917610countries:EnglandWales2023-05-012024-04-3001917610bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3001917610bus:PrivateLimitedCompanyLtd2023-05-012024-04-3001917610bus:SmallEntities2023-05-012024-04-3001917610bus:AbridgedAccounts2023-05-012024-04-30
Company registration number:
01917610
Marker Block Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
30 April 2024
Marker Block Ltd
Abridged Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Tangible assets 5
3,685,437
 
3,373,747
 
Current assets    
Debtors
6,676
 
54,408
 
Investments
530,025
 
311,551
 
Cash at bank and in hand
76,516
 
94,228
 
613,217
 
460,187
 
Creditors: amounts falling due within one year
(496,933
)
(115,637
)
Net current assets
116,284
 
344,550
 
Total assets less current liabilities 3,801,721   3,718,297  
Creditors: amounts falling due after more than one year
(26,667
)
(36,667
)
Provisions for liabilities
(508,679
)
(508,679
)
Net assets
3,266,375
 
3,172,951
 
Capital and reserves    
Called up share capital
100
 
100
 
Revaluation reserve
2,709,988
 
2,709,988
 
Profit and loss account
556,287
 
462,863
 
Shareholders funds
3,266,375
 
3,172,951
 
For the year ending
30 April 2024
, 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 abridged financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
30 April 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
27 December 2024
, and are signed on behalf of the board by:
S Conran
Director
Company registration number:
01917610
Marker Block Ltd
Notes to the Abridged Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
30 Westboune Park Road
,
London
,
W2 5PH
, United Kingdom.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
3 years
Fixtures, fittings and equipment
3 years
Motor vehicles
5 years

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Fixed assets

Tangible assets
£
Cost  
At
1 May 2023
3,396,738
 
Additions
322,644
 
At
30 April 2024
3,719,382
 
Depreciation  
At
1 May 2023
22,991
 
Charge
10,954
 
At
30 April 2024
33,945
 
Carrying amount  
At
30 April 2024
3,685,437
 
At 30 April 2023
3,373,747
 

Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
20242023
Tangible assetsTangible assets
££
Aggregate historical cost 522,743   522,743  
Carrying amount 522,743   522,743