Registered number
10166959
Mark House Hemel Hempstead Ltd
Filleted Accounts
31 May 2024
Registered number: 10166959
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 2,058 1,120
Cash at bank and in hand 142,025 416,550
144,083 417,670
Creditors: amounts falling due within one year 4 (4,920) (278,493)
Net current assets 139,163 139,177
Net assets 139,163 139,177
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 138,163 138,177
Shareholders' funds 139,163 139,177
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A S Mann
Director
Approved by the board on 30 January 2025
Mark House Hemel Hempstead Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention, except for investment property where fair value is used, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company sold its sole property during the prior year and the directors do not currently expect the company will continue to trade actively in the future. There are very limited assets and liabilities in the balance sheet at the end of the financial year and there are not believed to be any significant differences if the going concern basis were not to be adopted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. It is generally recognised when the significant risks and rewards of ownership have transferred to the buyer. Turnover includes rental income from properties owned by the company. Turnover from rental income is recognised rateably over the period of lease.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Investment property
Investment property is measured initially at cost. Subsequently, the investment property is valued at its estimated fair value. Movements in fair value are charged through the profit and loss account. No depreciation is charged. The movement in revaluation, net of movement in deferred tax provided on the revaluation, is transferred to the revaluation reserve as a reserve movement.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Other debtors 2,058 1,120
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,520 -
Taxation and social security costs - 274,743
Other creditors 2,400 3,750
4,920 278,493
5 Fair value reserve 2024 2023
£ £
At 1 June 2023 - 1,723,222
Transfer (to) / from profit and loss reserve - (1,723,222)
At 31 May 2024 - -
Fair value movements to this reserve are calculated net of deferred tax.
6 Other information
Mark House Hemel Hempstead Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13 Breasy Place
9 Burroughs Gardens
London
NW4 4AT
Mark House Hemel Hempstead Ltd 10166959 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 A S Mann No description of principal activity 10166959 2022-06-01 2023-05-31 10166959 core:OtherReservesSubtotal 2022-06-01 2023-05-31 10166959 core:WithinOneYear 2023-05-31 10166959 core:ShareCapital 2023-05-31 10166959 core:RetainedEarningsAccumulatedLosses 2023-05-31 10166959 core:OtherReservesSubtotal 2022-05-31 10166959 2023-06-01 2024-05-31 10166959 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10166959 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10166959 bus:Director40 2023-06-01 2024-05-31 10166959 1 2023-06-01 2024-05-31 10166959 2 2023-06-01 2024-05-31 10166959 core:OtherReservesSubtotal 2023-06-01 2024-05-31 10166959 countries:England 2023-06-01 2024-05-31 10166959 bus:FRS102 2023-06-01 2024-05-31 10166959 bus:FilletedAccounts 2023-06-01 2024-05-31 10166959 2024-05-31 10166959 core:WithinOneYear 2024-05-31 10166959 core:ShareCapital 2024-05-31 10166959 core:RetainedEarningsAccumulatedLosses 2024-05-31 10166959 core:OtherReservesSubtotal 2024-05-31 10166959 2023-05-31 10166959 core:OtherReservesSubtotal 2023-05-31 iso4217:GBP xbrli:pure