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Registration number: 10075216

Marchwood Developments Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Marchwood Developments Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 6

Marchwood Developments Limited

Company Information

Directors | Simon Foster Craig Webster

Registered office | 80-83 Long Lane London EC1A 9ET

Accountants | Carbon Accountancy Limited Chartered Accountants 80-83 Long Lane London EC1A 9ET

Marchwood Developments Limited

(Registration number: 10075216)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 4 | 857,703 | 847,285
Debtors |  | 1,082,556 | 1,085,885
Cash at bank and in hand |  | 79 | 215
|  | 1,940,338 | 1,933,385
Prepayments and accrued income |  | 1,597 | 1,941
Creditors: Amounts falling due within one year |  | (204,388) | (192,776)
Total assets less current liabilities |  | 1,737,547 | 1,742,550
Creditors: Amounts falling due after more than one year |  | (2,789,145) | (2,375,640)
Accruals and deferred income |  | (1,934) | (2,634)
Net liabilities |  | (1,053,532) | (635,724)
Capital and reserves |  |  |
Called up share capital | 5 | 200 | 200
Retained earnings |  | (1,053,732) | (635,924)
Shareholders' deficit |  | (1,053,532) | (635,724)

For the financial year ending 31 March 2025 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.

Marchwood Developments Limited

(Registration number: 10075216)
Abridged Balance Sheet as at 31 March 2025 (continued)

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 30 March 2026 and signed on its behalf by:

......................................... Simon Foster Director

Marchwood Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET
England

These financial statements were authorised for issue by the Board on 30 March 2026.

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.
There was a net deficiency of assets amounting to £1,053,532 (2024 - £635,724) which included loans from shareholders of £2,789,145 (2024 - £2,375,640). On the basis of the continued support from shareholders, the directors have prepared the accounts 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.

Tax

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.

Marchwood Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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 2 (2024 - 2).

Marchwood Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025 (continued)

4 | Stocks

| 2025 £ | 2024 £
Other inventories | 857,703 | 847,285

5 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A of £1 each | 100 | 100 | 100 | 100
Ordinary B of £1 each | 100 | 100 | 100 | 100
| 200 | 200 | 200 | 200

6 | Related party transactions

Included in other debtors are interest free loans of £1,073,383 (2024 - £1,081,932) to companies in which director Simon Foster has an interest.
Included in other creditors are:
1. An interest free loan of £150,000 (2024 - £150,000) from diector Craig Webster.
2. Interest free loans of £12,565 (2024 - £12,565) from entities in which Simon Foster has an interest.
The company’s property development is financed by an interest bearing medium-term debt facility of £2,789,145 (2024 - £2,375,640) from co-owner Rigade Investments Limited.