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COMPANY REGISTRATION NUMBER: 11983368
Markham Homes Ltd
Filleted Unaudited Financial Statements
31 May 2024
Markham Homes Ltd
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Current assets
Debtors
5
2,648
1,330
Cash at bank and in hand
7,394
2,924
--------
-------
10,042
4,254
Creditors: amounts falling due within one year
6
53,372
56,840
--------
--------
Net current liabilities
43,330
52,586
--------
--------
Total assets less current liabilities
( 43,330)
( 52,586)
--------
--------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
( 43,430)
( 52,686)
--------
--------
Shareholder deficit
( 43,330)
( 52,586)
--------
--------
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 31 May 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 member has 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 .
These financial statements were approved by the board of directors and authorised for issue on 24 February 2025 , and are signed on behalf of the board by:
Mr Andrew Markham
Director
Company registration number: 11983368
Markham Homes Ltd
Notes to the Financial Statements
Year ended 31 May 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 Counsells, Smithbrook Kilns, Cranleigh, Surrey, GU6 8JJ.
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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Trade debtors
2,648
Other debtors
1,330
-------
-------
2,648
1,330
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
830
Social security and other taxes
3,938
Other creditors
48,604
56,840
--------
--------
53,372
56,840
--------
--------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. Related party transactions
Included within other creditors is a balance of £46,804 (2023 - £54,340) owed to Andrew Markham, director and sole shareholder.