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REGISTERED NUMBER: 08201594 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MARK PRESLEY LIMITED

MARK PRESLEY LIMITED (REGISTERED NUMBER: 08201594)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARK PRESLEY LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: M A Presley





SECRETARY: M A Presley





REGISTERED OFFICE: Fairthorn
Trotts Lane
Pooks Green, Marchwood
Southampton
Hampshire
SO40 4WQ





REGISTERED NUMBER: 08201594 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

MARK PRESLEY LIMITED (REGISTERED NUMBER: 08201594)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 696 84

CURRENT ASSETS
Debtors 5 19,700 12,268
Cash at bank 73,712 72,965
93,412 85,233
CREDITORS
Amounts falling due within one year 6 24,455 22,982
NET CURRENT ASSETS 68,957 62,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,653

62,335

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,553 62,235
SHAREHOLDERS' FUNDS 69,653 62,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 7 January 2025 and were signed by:





M A Presley - Director


MARK PRESLEY LIMITED (REGISTERED NUMBER: 08201594)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Mark Presley 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.

Turnover
Turnover represents gross invoiced sales of services. The company uses the flat rate scheme for value added tax, payments under that scheme being shown as a cost of sales.

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 and 15% on reducing balance

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.

MARK PRESLEY LIMITED (REGISTERED NUMBER: 08201594)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Additional notes

Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets 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 income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 3,695
Additions 949
At 30 September 2024 4,644
DEPRECIATION
At 1 October 2023 3,611
Charge for year 337
At 30 September 2024 3,948
NET BOOK VALUE
At 30 September 2024 696
At 30 September 2023 84

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,200 12,268
Other debtors 9,500 -
19,700 12,268

MARK PRESLEY LIMITED (REGISTERED NUMBER: 08201594)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 21,889 20,549
Other creditors 2,566 2,433
24,455 22,982

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,625 (2023 - £34,125) were paid to the director.

During the year, the director provided the company with a loan. The balance due to the director at the balance sheet date was £1,147 (2023 - £962). No interest is payable on this balance and there is no formal repayment plan.

The director was in receipt of a short term loan from the company amounting to £9,500 which was outstanding at the period end. Interest is to be charged at 3.5%p.a. on this loan.

8. POST BALANCE SHEET EVENTS

The full implications of the Covid-19 outbreak on the Company's assets and trading are as yet unknown and the directors do not therefore feel that there is any requirement to make adjustments to these financial statements.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M A Presley.