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Registered Number: 06784047
England and Wales

 

 

 

MARSH PRODUCE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 31 January 2024

End date: 30 January 2025

MARSH PRODUCE LIMITED
Contents Page
For the year ended 30 January 2025
Directors DEBORAH OVENDEN
CLIVE EDMUND OVENDEN
Registered Number 06784047
Registered Office 1 OLD HALL FARM
KING STREET, BROOKLAND
ROMNEY MARSH
TN29 9RJ
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 January 2025.
Principal activities
Principal activity of the company during the financial year was of agricultural activities.
Directors
The directors who served the company throughout the year were as follows:
Shares (%)
DEBORAH OVENDEN (from 01/04/2013)50.00
CLIVE EDMUND OVENDEN (from 06/01/2009)50.00
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
DEBORAH OVENDEN
Director

Date approved: 29 October 2025
2
 
 		 Notes
 		 2025
£		   2024
£
Turnover 359,508    456,059 
Cost of sales (282,350)   (353,868)
Gross profit 77,158    102,191 
Administrative expenses (141,428)   (94,171)
Operating profit/(loss) (64,270)   8,020 
Other interest receivable and similar income 15    16 
Interest payable and similar charges (21,925)   (9,554)
Profit/(Loss) on ordinary activities before taxation (86,180)   (1,518)
Tax on profit on ordinary activities (3)   (3)
Profit/(Loss) for the financial year (86,183)   (1,521)
 
3
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 255,535    101,672 
255,535    101,672 
Current assets      
Stocks 4 30,500    0 
Debtors 5 29,395    32,262 
Cash at bank and in hand 1,842    629 
61,737    32,891 
Creditors: amount falling due within one year 6 (13,771)   (17,861)
Net current assets 47,966    15,030 
 
Total assets less current liabilities 303,501    116,702 
Creditors: amount falling due after more than one year 7 (473,951)   (201,037)
Provisions for liabilities 8 (68)   0 
Net assets (170,518)   (84,335)
 

Capital and reserves 		     
Called up share capital 9 100    100 
Profit and loss account (170,618)   (84,435)
Shareholders' funds (170,518)   (84,335)
 


For the year ended 30 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 October 2025 and were signed on its behalf by:


-------------------------------
DEBORAH OVENDEN
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 31 January 2023 100  (82,914) (82,814)
Profit for the year (1,521) (1,521)
Total comprehensive income for the year -  (1,521) (1,521)
Total investments by and distributions to owners -  -  - 
At 30 January 2024 100  (84,435) (84,335)
At 31 January 2024 100  (84,435) (84,335)
Profit for the year (86,183) (86,183)
Total comprehensive income for the year -  (86,183) (86,183)
Total investments by and distributions to owners -  -  - 
At 30 January 2025 100  (170,618) (170,518)
5
General Information
MARSH PRODUCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06784047, registration address 1 OLD HALL FARM , KING STREET, BROOKLAND, ROMNEY MARSH, TN29 9RJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
Plant and Machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2024 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 31 January 2024 134,951    47,379    7,350    189,680 
Additions -    124,411    74,547    198,958 
Disposals -    -    -    - 
At 30 January 2025 134,951    171,790    81,897    388,638 
Depreciation
At 31 January 2024 50,331    33,964    3,713    88,008 
Charge for year 12,693    20,674    11,728    45,095 
On disposals -    -    -    - 
At 30 January 2025 63,024    54,638    15,441    133,103 
Net book values
Closing balance as at 30 January 2025 71,927    117,152    66,456    255,535 
Opening balance as at 31 January 2024 84,620    13,415    3,637    101,672 


4.

Stocks

2025
£		   2024
£
Stocks 30,500    0 
30,500    0 

5.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 27,662    32,262 
VAT 1,733    0 
29,395    32,262 

6.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 5,755    0 
Bank Loans & Overdrafts 2,307    0 
Corporation Tax 3    3 
PAYE & Social Security 4,101    4,574 
Other Creditors 0    13,284 
Wages Control Account 1,605    0 
13,771    17,861 

7.

Creditors: amount falling due after more than one year

2025
£		   2024
£
Bank Loans & Overdrafts 319,135    196,265 
Other Creditors 154,816    4,772 
473,951    201,037 

8.

Provisions for liabilities

2025
£		   2024
£
Pension Provisions 68    0 
68    0 

9.

Share Capital

Authorised
1,000 Class A shares of £1.00 each
Allotted, called up and fully paid
2025
£		   2024
£
100 Class A shares of £1.00 each 100    100 
100    100 

6