2 2 Marshall's Yard Management Company Limited 09912538 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of the maintenance and upkeep of the common areas of Marshall's Yard for the benefit of the members. Digita Accounts Production Advanced 6.30.9574.0 true 09912538 2024-01-01 2024-12-31 09912538 2024-12-31 09912538 core:CurrentFinancialInstruments 2024-12-31 09912538 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09912538 core:FurnitureFittingsToolsEquipment 2024-12-31 09912538 bus:SmallEntities 2024-01-01 2024-12-31 09912538 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09912538 bus:FilletedAccounts 2024-01-01 2024-12-31 09912538 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09912538 bus:RegisteredOffice 2024-01-01 2024-12-31 09912538 bus:Director2 2024-01-01 2024-12-31 09912538 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 09912538 core:FurnitureFittings 2024-01-01 2024-12-31 09912538 countries:England 2024-01-01 2024-12-31 09912538 2023-12-31 09912538 core:FurnitureFittingsToolsEquipment 2023-12-31 09912538 2023-01-01 2023-12-31 09912538 2023-12-31 09912538 core:CurrentFinancialInstruments 2023-12-31 09912538 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 09912538

Marshall's Yard Management Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Marshall's Yard Management Company Limited

(Registration number: 09912538)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

4,628

4,811

Creditors: Amounts falling due within one year

6

(2,804)

(365)

Net assets

 

1,824

4,446

Members funds

 

Retained surplus of income over expenditure

1,824

4,446

Total of members funds

 

1,824

4,446

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board for issue on 9 May 2025 and signed on its behalf by:
 

.........................................

J C Burgess

Director

 

Marshall's Yard Management Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
22 St. Georges Street
Stamford
Lincolnshire
PE9 2BU
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Income comprises the management and service fees charged to the members for the upkeep and maintenance of the shared common areas of Marshall's Yard.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

3 years straight line

 

Marshall's Yard Management Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

1,187

1,187

At 31 December 2024

1,187

1,187

Depreciation

At 1 January 2024

1,187

1,187

At 31 December 2024

1,187

1,187

Carrying amount

At 31 December 2024

-

-

 

Marshall's Yard Management Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

583

581

Other debtors

4,045

4,230

 

4,628

4,811

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other creditors

 

2,804

365