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MARTINSTHORPE UTILITIES LIMITED

Registered Number
08028557
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

MARTINSTHORPE UTILITIES LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

BURROWS, Nicholas Francis
HAYWOOD, Annie
WILLSON, Dominic Rupert

Registered Address

Estate Office Gunthorpe Hall
Gunthorpe
Oakham
LE15 8BE

Registered Number

08028557 (England and Wales)
MARTINSTHORPE UTILITIES LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3121,703104,780
121,703104,780
Current assets
Debtors1,715103
Cash at bank and on hand25,64719,853
27,36219,956
Creditors amounts falling due within one year4(23,730)(7,048)
Net current assets (liabilities)3,63212,908
Total assets less current liabilities125,335117,688
Creditors amounts falling due after one year5(806)(1,870)
Net assets124,529115,818
Capital and reserves
Called up share capital73,20096,000
Profit and loss account51,32919,818
Shareholders' funds124,529115,818
The financial statements were approved and authorised for issue by the Board of Directors on 10 April 2025, and are signed on its behalf by:
WILLSON, Dominic Rupert
Director
Registered Company No. 08028557
MARTINSTHORPE UTILITIES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention 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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery10
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 October 23143,611143,611
Additions27,75027,750
At 30 September 24171,361171,361
Depreciation and impairment
At 01 October 2338,83138,831
Charge for year10,82710,827
At 30 September 2449,65849,658
Net book value
At 30 September 24121,703121,703
At 30 September 23104,780104,780
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables16,7931,379
Bank borrowings and overdrafts1,0651,039
Taxation and social security2,4181,653
Other creditors2,6082,468
Accrued liabilities and deferred income846509
Total23,7307,048
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts8061,870
Total8061,870