THE WORKSTATION MARKHAM HOUSE LTD 10947432 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of letting serviced office space. Digita Accounts Production Advanced 6.30.9574.0 true true true 10947432 2023-09-01 2024-08-31 10947432 2024-08-31 10947432 bus:OrdinaryShareClass1 2024-08-31 10947432 core:CurrentFinancialInstruments 2024-08-31 10947432 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10947432 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10947432 core:FurnitureFittingsToolsEquipment 2024-08-31 10947432 core:LandBuildings 2024-08-31 10947432 bus:SmallEntities 2023-09-01 2024-08-31 10947432 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10947432 bus:FilletedAccounts 2023-09-01 2024-08-31 10947432 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10947432 bus:RegisteredOffice 2023-09-01 2024-08-31 10947432 bus:Director1 2023-09-01 2024-08-31 10947432 bus:Director2 2023-09-01 2024-08-31 10947432 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10947432 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10947432 core:FurnitureFittings 2023-09-01 2024-08-31 10947432 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 10947432 core:LandBuildings 2023-09-01 2024-08-31 10947432 core:LeaseholdImprovements 2023-09-01 2024-08-31 10947432 1 2023-09-01 2024-08-31 10947432 countries:EnglandWales 2023-09-01 2024-08-31 10947432 2023-08-31 10947432 core:FurnitureFittingsToolsEquipment 2023-08-31 10947432 core:LandBuildings 2023-08-31 10947432 2022-09-01 2023-08-31 10947432 2023-08-31 10947432 bus:OrdinaryShareClass1 2023-08-31 10947432 core:CurrentFinancialInstruments 2023-08-31 10947432 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10947432 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 10947432 core:FurnitureFittingsToolsEquipment 2023-08-31 10947432 core:LandBuildings 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10947432

THE WORKSTATION MARKHAM HOUSE LTD

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2024

 

THE WORKSTATION MARKHAM HOUSE LTD

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

THE WORKSTATION MARKHAM HOUSE LTD

Company Information

Directors

Mr R Palmer

Mr D Palmer

Registered office

Arquen House
4-6 Spicer Street
St. Albans
Hertfordshire
AL3 4PQ

Accountants

Mawson Breskal & Co
6 Parkgate Avenue
Barnet
Herts
EN4 0NR

 

THE WORKSTATION MARKHAM HOUSE LTD

(Registration number: 10947432)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

24,756

32,964

Current assets

 

Debtors

5

67,162

34,760

Cash at bank and in hand

 

33,535

22,051

 

100,697

56,811

Prepayments and accrued income

 

6,493

934

Creditors: Amounts falling due within one year

(166,080)

(160,002)

Net current liabilities

 

(58,890)

(102,257)

Total assets less current liabilities

 

(34,134)

(69,293)

Creditors: Amounts falling due after more than one year

(7,904)

(18,214)

Accruals and deferred income

 

(16,633)

(13,225)

Net liabilities

 

(58,671)

(100,732)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(58,771)

(100,832)

Shareholders' deficit

 

(58,671)

(100,732)

For the financial year ending 31 August 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been 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 on 23 May 2025 and signed on its behalf by:
 

 

THE WORKSTATION MARKHAM HOUSE LTD

(Registration number: 10947432)
Abridged Balance Sheet as at 31 August 2024

.........................................
Mr R Palmer
Director

 

THE WORKSTATION MARKHAM HOUSE LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Arquen House
4-6 Spicer Street
St. Albans
Hertfordshire
AL3 4PQ

These financial statements were authorised for issue by the Board on 23 May 2025.

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the entity recongises the related costs for which the grant is intended to compensate.
Grants that are received in respect of epxenses or losses already incurred by the entity are recognised in the profit and loss account in the period when the grant becomes receivable.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

THE WORKSTATION MARKHAM HOUSE LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Short leasehold improvements

Over the certain term of the lease

Fixtures and fittings

25% written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Borrowings

 

THE WORKSTATION MARKHAM HOUSE LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

31,696

31,382

63,078

Additions

-

366

366

Disposals

-

(1,720)

(1,720)

At 31 August 2024

31,696

30,028

61,724

Depreciation

At 1 September 2023

11,654

18,460

30,114

Charge for the year

4,376

2,908

7,284

Eliminated on disposal

-

(430)

(430)

At 31 August 2024

16,030

20,938

36,968

Carrying amount

At 31 August 2024

15,666

9,090

24,756

At 31 August 2023

20,042

12,922

32,964

Included within the net book value of land and buildings above is £15,666 (2023 - £20,042) in respect of short leasehold land and buildings.
 

 

THE WORKSTATION MARKHAM HOUSE LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £248,031 (2023 - £276,283).

8

Parent and ultimate parent undertaking

The company's immediate parent is The Workstation Holdings Ltd, incorporated in England and Wales.