REGISTERED NUMBER: 10716912 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Marshaw Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Drinkall

Ms K P Holden

REGISTERED OFFICE:

316 Blackpool Road Fulwood

Preston

Lancashire

PR2 3AE

REGISTERED NUMBER:

10716912 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

39,581

53,097

Investments

5

100

-

39,681

53,097

CURRENT ASSETS

Stocks

5,346,118

4,439,632

Debtors

6

150,673

175,346

Cash at bank

446

34,851

5,497,237

4,649,829

CREDITORS

Amounts falling due within one year

7

5,623,292

4,681,358

NET CURRENT LIABILITIES

(126,055

)

(31,529

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(86,374

)

21,568

CREDITORS

Amounts falling due after more than one year

8

38,346

48,860

NET LIABILITIES

(124,720

)

(27,292

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(124,920

)

(27,492

)

(124,720

)

(27,292

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Mr M Drinkall - Director

Ms K P Holden - Director

1.	STATUTORY INFORMATION

Marshaw Developments 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.

Going concern

At the balance sheet date the company had net liabilities of £124,720 (2024: net liabilities of £27,272). The directors continue to assess the position and prospects for the company based on its land bank and ongoing developments.

The second biggest creditor at the year end was monies owed to a director and she has confirmed that she is committed to ensuring that the company can continue to meet its liabilities as they fall due. External funding is secured as required, with appropriate finance partners.

For these reasons the directors are satisfied that the going concern basis of preparing the accounts is appropriate.

Turnover

Turnover us recognised when the performance obligation associated with the sale is completed. The sales price comprises the fair value of the consideration received or receivable, net of VAT, rebates and discounts.

Housing and land sales are recognised as sales when control in transferred to the customer. This is when title of the property passes on legal completion.

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 etc

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks and work in progress

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Costs include land purchases which are recognised in work in progress at cost when the significant risks and rewards of ownership have been transferred to the company. Other costs included in work in progress include direct materials, direct labour and overheads that have been incurred in bringing the land and developments to the present location and condition. Where appropriate specific project development finance costs are also included in work in progress valuations.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

30,478

1,000

51,210

1,840

84,528

Additions

-

98

-

-

98

At 30 April 2025

30,478

1,098

51,210

1,840

84,626

DEPRECIATION

At 1 May 2024

6,471

1,000

23,054

906

31,431

Charge for year

6,095

20

7,039

460

13,614

At 30 April 2025

12,566

1,020

30,093

1,366

45,045

NET BOOK VALUE

At 30 April 2025

17,912

78

21,117

474

39,581

At 30 April 2024

24,007

-

28,156

934

53,097

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 30 April 2025

100

NET BOOK VALUE

At 30 April 2025

100

6.

DEBTORS

30.4.25

30.4.24

£

£

Amounts falling due within one year:

Inter Company

99,555

126,675

VAT

4,452

37,225

Prepayments

4,640

4,726

108,647

168,626

Amounts falling due after more than one year:

Deferred tax

42,026

6,720

Aggregate amounts

150,673

175,346

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other loans

5,556

5,556

PMJ Capital-Loan

4,557,210

3,673,249

Hire purchase contracts

5,039

5,039

Trade creditors

152,170

135,158

Tax

-

150

Wages creditor

1,048

1,194

Other creditors

13,050

-

Credit Card

27,012

8,243

PAYE Payable

40

70

Directors' loan accounts

860,517

851,444

Accrued expenses

1,650

1,255

5,623,292

4,681,358

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Other loans - 1-2 years

5,556

5,556

Other loans - 2-5 years

17,593

23,148

Hire purchase contracts

15,117

20,156

Interco - Country Lettings Ltd

80

-

38,346

48,860

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bounce Back Loan Scheme

28,704

34,259

PMJ Capital Loan

4,557,210

3,673,249

4,585,914

3,707,508

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Barclays Bank PLC in the year.