0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-28 Sage Accounts Production Advanced 2023 - FRS102_2023 161,524 17,976 179,500 161,524 xbrli:pure xbrli:shares iso4217:GBP 11194758 2023-02-28 2024-02-27 11194758 2024-02-27 11194758 2023-02-27 11194758 2022-03-01 2023-02-27 11194758 2023-02-27 11194758 2022-02-28 11194758 bus:Director1 2023-02-28 2024-02-27 11194758 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 2024-02-27 11194758 core:AfterOneYear 2024-02-27 11194758 core:AfterOneYear 2023-02-27 11194758 core:WithinOneYear 2024-02-27 11194758 core:WithinOneYear 2023-02-27 11194758 core:ShareCapital 2024-02-27 11194758 core:ShareCapital 2023-02-27 11194758 core:RetainedEarningsAccumulatedLosses 2024-02-27 11194758 core:RetainedEarningsAccumulatedLosses 2023-02-27 11194758 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-27 11194758 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-27 11194758 bus:SmallEntities 2023-02-28 2024-02-27 11194758 bus:AuditExempt-NoAccountantsReport 2023-02-28 2024-02-27 11194758 bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-27 11194758 bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-27 11194758 bus:FullAccounts 2023-02-28 2024-02-27
COMPANY REGISTRATION NUMBER: 11194758
MAREFAIR LIMITED
Filleted Unaudited Financial Statements
27 February 2024
MAREFAIR LIMITED
Statement of Financial Position
27 February 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
161,524
Current assets
Debtors
5
114,752
59,358
Cash at bank and in hand
4,807
3,740
---------
--------
119,559
63,098
Creditors: amounts falling due within one year
6
95,728
205,953
---------
---------
Net current assets/(liabilities)
23,831
( 142,855)
--------
---------
Total assets less current liabilities
23,831
18,669
Creditors: amounts falling due after more than one year
7
45,000
45,000
--------
--------
Net liabilities
( 21,169)
( 26,331)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 21,269)
( 26,431)
--------
--------
Shareholders deficit
( 21,169)
( 26,331)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 27 February 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MAREFAIR LIMITED
Statement of Financial Position (continued)
27 February 2024
These financial statements were approved by the board of directors and authorised for issue on 10 February 2025 , and are signed on behalf of the board by:
Mr M Hanna
Director
Company registration number: 11194758
MAREFAIR LIMITED
Notes to the Financial Statements
Year ended 27 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7b Marefair, Northampton, NN1 1SR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.
4. Tangible assets
Freehold property
£
Cost
At 28 February 2023
161,524
Additions
17,976
Disposals
( 179,500)
---------
At 27 February 2024
---------
Depreciation
At 28 February 2023 and 27 February 2024
---------
Carrying amount
At 27 February 2024
---------
At 27 February 2023
161,524
---------
5. Debtors
2024
2023
£
£
Other debtors
114,752
59,358
---------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
1,506
1,506
Other creditors
94,222
204,447
--------
---------
95,728
205,953
--------
---------
Creditors include £Nil (2023 £123,483) secured on the company's investment property.
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
45,000
45,000
--------
--------