IRIS Accounts Production v24.3.2.46 04806208 director 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048062082023-06-30048062082024-06-30048062082023-07-012024-06-30048062082022-06-30048062082022-07-012023-06-30048062082023-06-3004806208ns15:EnglandWales2023-07-012024-06-3004806208ns14:PoundSterling2023-07-012024-06-3004806208ns10:Director12023-07-012024-06-3004806208ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004806208ns10:SmallEntities2023-07-012024-06-3004806208ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004806208ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004806208ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004806208ns10:FullAccounts2023-07-012024-06-3004806208ns10:RegisteredOffice2023-07-012024-06-3004806208ns5:CurrentFinancialInstruments2024-06-3004806208ns5:CurrentFinancialInstruments2023-06-3004806208ns5:Non-currentFinancialInstruments2024-06-3004806208ns5:Non-currentFinancialInstruments2023-06-3004806208ns5:ShareCapital2024-06-3004806208ns5:ShareCapital2023-06-3004806208ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3004806208ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3004806208ns5:RetainedEarningsAccumulatedLosses2024-06-3004806208ns5:RetainedEarningsAccumulatedLosses2023-06-3004806208ns5:PlantMachinery2023-07-012024-06-3004806208ns5:PlantMachinery2023-06-3004806208ns5:PlantMachinery2024-06-3004806208ns5:PlantMachinery2023-06-3004806208ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3004806208ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3004806208ns5:DeferredTaxation2023-06-3004806208ns5:DeferredTaxation2023-07-012024-06-3004806208ns5:DeferredTaxation2024-06-30
REGISTERED NUMBER: 04806208 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MARTIN & SON (SUSSEX) LIMITED

MARTIN & SON (SUSSEX) LIMITED (REGISTERED NUMBER: 04806208)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARTIN & SON (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr A Martin





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 04806208 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MARTIN & SON (SUSSEX) LIMITED (REGISTERED NUMBER: 04806208)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195 229
Investment property 5 904,228 500,000
904,423 500,229

CURRENT ASSETS
Debtors 6 2,014 4,316
Cash at bank 420,681 658,888
422,695 663,204
CREDITORS
Amounts falling due within one year 7 2,179 3,409
NET CURRENT ASSETS 420,516 659,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,324,939

1,160,024

CREDITORS
Amounts falling due after more than one year 8 (639,012 ) (625,345 )

PROVISIONS FOR LIABILITIES 9 (80,435 ) (32,631 )
NET ASSETS 605,492 502,048

CAPITAL AND RESERVES
Called up share capital 4 4
Special reserve 241,305 139,109
Retained earnings 364,183 362,935
SHAREHOLDERS' FUNDS 605,492 502,048

MARTIN & SON (SUSSEX) LIMITED (REGISTERED NUMBER: 04806208)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 3 March 2025 and were signed by:





Mr A Martin - Director


MARTIN & SON (SUSSEX) LIMITED (REGISTERED NUMBER: 04806208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Martin & Son (Sussex) 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.

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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents net invoiced sales of goods, excluding value added tax.

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 - 15% on reducing balance

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
Cost
At 1 July 2023
and 30 June 2024 4,044
Depreciation
At 1 July 2023 3,815
Charge for year 34
At 30 June 2024 3,849
Net book value
At 30 June 2024 195
At 30 June 2023 229

MARTIN & SON (SUSSEX) LIMITED (REGISTERED NUMBER: 04806208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2023 500,000
Additions 254,228
Revaluations 150,000
At 30 June 2024 904,228
Net book value
At 30 June 2024 904,228
At 30 June 2023 500,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 904,228

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 754,228 500,000

Investment property was valued on an open market basis on 30 June 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 834
Other debtors 2,014 3,482
2,014 4,316

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 433 1,777
Other creditors 1,746 1,632
2,179 3,409

MARTIN & SON (SUSSEX) LIMITED (REGISTERED NUMBER: 04806208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 639,012 625,345

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 80,435 32,631

Deferred
tax
£   
Balance at 1 July 2023 32,631
Provided during year 47,804
Balance at 30 June 2024 80,435