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REGISTERED NUMBER: 04454754 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Marchington Developments Limited

Marchington Developments Limited (Registered number: 04454754)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Marchington Developments Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P Carlisle





REGISTERED OFFICE: Whitefield Buildings
192-200 Pensby Road
Heswall
Wirral
Merseyside
CH60 7RJ





REGISTERED NUMBER: 04454754 (England and Wales)





ACCOUNTANTS: Cobham Murphy Limited
116 Duke Street
Liverpool
Merseyside
L1 5JW

Marchington Developments Limited (Registered number: 04454754)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,162 143

CURRENT ASSETS
Debtors 5 268,229 356,356
Cash at bank and in hand 20,176 5,637
288,405 361,993
CREDITORS
Amounts falling due within one year 6 268,719 370,566
NET CURRENT ASSETS/(LIABILITIES) 19,686 (8,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,848

(8,430

)

PROVISIONS FOR LIABILITIES 8,581 27
NET ASSETS/(LIABILITIES) 56,267 (8,457 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 56,265 (8,459 )
SHAREHOLDERS' FUNDS 56,267 (8,457 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 13 January 2025 and were signed by:




P Carlisle - Director


Marchington Developments Limited (Registered number: 04454754)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Marchington 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.

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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received for property sales and management fees excluding value added tax. Turnover is recognised on the completion of the property sale and in the period the management fee relates to.

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 - 20% on reducing balance, 20% on cost and 15% on reducing balance

Financial instruments
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 profit and loss.

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.


Marchington Developments Limited (Registered number: 04454754)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 2,784
Additions 56,226
At 31 May 2024 59,010
DEPRECIATION
At 1 June 2023 2,641
Charge for year 11,207
At 31 May 2024 13,848
NET BOOK VALUE
At 31 May 2024 45,162
At 31 May 2023 143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 117,779 60,279
Other debtors 150,450 296,077
268,229 356,356

Marchington Developments Limited (Registered number: 04454754)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 109 215
Taxation and social security 3,221 -
Other creditors 265,389 370,351
268,719 370,566

7. RELATED PARTY DISCLOSURES

P Carlisle is also a director of Grosvenor Homes (Wirral) Limited.

Included in other debtors as at 31st May 2024 is £12,000 owing from Grosvenor Homes (Wirral) Limited.

This loan is interest free and repayable on demand.