MARTON RESIDENTIAL ESTATES LIMITED

Company Registration Number:
06451722 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

MARTON RESIDENTIAL ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

MARTON RESIDENTIAL ESTATES LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 449 539
Total fixed assets: 449 539
Current assets
Stocks: 0 0
Debtors:   856 856
Cash at bank and in hand: 2,890 15,548
Total current assets: 3,746 16,404
Creditors: amounts falling due within one year:   (12,403) (16,261)
Net current assets (liabilities): (8,657) 143
Total assets less current liabilities: (8,208) 682
Total net assets (liabilities): (8,208) 682
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (8,210) 680
Shareholders funds: (8,208) 682

The notes form part of these financial statements

MARTON RESIDENTIAL ESTATES LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 February 2025
and signed on behalf of the board by:

Name: Mrs M A Stanley
Status: Director

The notes form part of these financial statements

MARTON RESIDENTIAL ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of sales and rental management fees (excluding VAT) during the period.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write-off each asset over its estimated useful life. Office Equipment - 25% reducing balance basis.

Valuation and information policy

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Debtors and Creditors Receivable/Payable Within One Year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Taxation Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Going Concern Basis of Accounting The accounts have been prepared on the assumption that the Company is able to carry on business as a going concern, which the Directors consider appropriate having regard to the circumstances outlined herein. At the balance sheet dare the company's liabilities exceeded its assets. The Company has received assurances from the directors that they will continue to give financial support to the Company for twelve months from the date of signing these financial statements and based upon anticipated trading conditions. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the Company accounts may be invalid and adjustments would have to be made to reduce the value of the assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the Company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

MARTON RESIDENTIAL ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

MARTON RESIDENTIAL ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 2,270
At 31 May 2024 2,270
Depreciation
At 01 June 2023 1,731
Charge for year 90
At 31 May 2024 1,821
Net book value
At 31 May 2024 449
At 31 May 2023 539