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REGISTERED NUMBER: 10883485 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 28 August 2024

for

MARSTON FIELDS LIMITED

MARSTON FIELDS LIMITED (REGISTERED NUMBER: 10883485)






Contents of the Financial Statements
for the period 1 March 2023 to 28 August 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MARSTON FIELDS LIMITED

Company Information
for the period 1 March 2023 to 28 August 2024







DIRECTOR: C A Barnes





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 10883485 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Marston Fields Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marston Fields Limited for the period ended 28 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Marston Fields Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marston Fields Limited and state those matters that we have agreed to state to the director of Marston Fields Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marston Fields Limited and its director for our work or for this report.

It is your duty to ensure that Marston Fields Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Marston Fields Limited. You consider that Marston Fields Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Marston Fields Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


28 May 2025

MARSTON FIELDS LIMITED (REGISTERED NUMBER: 10883485)

Balance Sheet
28 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 128

CURRENT ASSETS
Stocks 174,220 768,051
Debtors 5 25,654 95,794
Cash at bank 2,599 75,428
202,473 939,273
CREDITORS
Amounts falling due within one year 6 259,657 241,452
NET CURRENT (LIABILITIES)/ASSETS (57,184 ) 697,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

(57,184

)

697,949

CREDITORS
Amounts falling due after more than one
year

7

-

690,678
NET (LIABILITIES)/ASSETS (57,184 ) 7,271

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (57,284 ) 7,171
SHAREHOLDERS' FUNDS (57,184 ) 7,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 August 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.

MARSTON FIELDS LIMITED (REGISTERED NUMBER: 10883485)

Balance Sheet - continued
28 August 2024


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 27 May 2025 and were signed by:





C A Barnes - Director


MARSTON FIELDS LIMITED (REGISTERED NUMBER: 10883485)

Notes to the Financial Statements
for the period 1 March 2023 to 28 August 2024

1. STATUTORY INFORMATION

Marston Fields 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.

Since the year end, the projects have been completed and the company has ceased trading, therefore the company is no longer a going concern. The accounts have accordingly been prepared on a basis other than going concern. There have been no changes to the financial statements as a result of this.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised on completion of a property sale. Deposits received in advance of completion are recorded as deferred income, shown within other creditors.

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 - 33% on cost
Fixtures and fittings - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using weighted average method and includes all purchase and handling costs in bringing stocks to their present location and condition.

MARSTON FIELDS LIMITED (REGISTERED NUMBER: 10883485)

Notes to the Financial Statements - continued
for the period 1 March 2023 to 28 August 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

MARSTON FIELDS LIMITED (REGISTERED NUMBER: 10883485)

Notes to the Financial Statements - continued
for the period 1 March 2023 to 28 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Machinery fittings Totals
£    £    £   
COST
At 1 March 2023
and 28 August 2024 1,834 3,363 5,197
DEPRECIATION
At 1 March 2023 1,834 3,235 5,069
Charge for period - 128 128
At 28 August 2024 1,834 3,363 5,197
NET BOOK VALUE
At 28 August 2024 - - -
At 28 February 2023 - 128 128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 912 912
Other debtors 24,742 94,882
25,654 95,794

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,039 46,298
Other creditors 243,618 195,154
259,657 241,452

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 690,678

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Chatleigh Limited 97,790 690,678

Chatleigh Limited hold 3 legal charges by way of mortgage over the land at Marston Montgomery, all land now owned and Home Farm at Marston Montgomery.

MARSTON FIELDS LIMITED (REGISTERED NUMBER: 10883485)

Notes to the Financial Statements - continued
for the period 1 March 2023 to 28 August 2024

9. DEFERRED TAX
£   
Balance at 1 March 2023 (35,314 )
Tax losses 28,591
Balance at 28 August 2024 (6,723 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100