REGISTERED NUMBER:
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Marks Barfield Ltd. |
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Unaudited Financial Statements |
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for the Year Ended 31st December 2019 |
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REGISTERED NUMBER:
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Marks Barfield Ltd. |
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Unaudited Financial Statements |
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for the Year Ended 31st December 2019 |
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Marks Barfield Ltd. (Registered number: 02444149) |
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Contents of the Financial Statements |
for the Year Ended 31st December 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Marks Barfield Ltd. |
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Company Information |
for the Year Ended 31st December 2019 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Accountants |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Marks Barfield Ltd. (Registered number: 02444149) |
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Statement of Financial Position |
31st December 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Investments | 5 |
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Current assets |
Debtors | 6 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
8 |
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Net assets |
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Capital and reserves |
Called up share capital |
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Retained earnings |
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Shareholders' funds |
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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. |
Marks Barfield Ltd. (Registered number: 02444149) |
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Statement of Financial Position - continued |
31st December 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Marks Barfield Ltd. (Registered number: 02444149) |
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Notes to the Financial Statements |
for the Year Ended 31st December 2019 |
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1. | Statutory information |
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Marks Barfield Ltd. is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and |
assumptions that affect the amounts reported. These estimates and judgements are continually |
reviewed and are based on experience and other factors, including expectations of future events that |
are believed to be reasonable under the circumstances. |
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Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Revenue from the rendering of services is measured by reference to the stage of completion of the |
service transaction at the end of the reporting period provided that the outcome can be reliably |
estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent |
that expenses recognised are recoverable. |
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Tangible fixed assets |
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Website Development | - |
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Fixtures, Fittings & Equipment | - |
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Computer equipment | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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. |
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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. |
Marks Barfield Ltd. (Registered number: 02444149) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2019 |
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2. | Accounting policies - continued |
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Operating leases |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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Defined contribution plans |
The company contributes to a stakeholder pension scheme. |
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There is a defined self administered scheme in operation for two directors. The assets of that scheme |
are held separately from those of the company in an independently administered fund. |
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Contributions to the pension scheme are charged to the Profit and Loss Account in the year in which |
they are paid. No contributions to the self administered scheme have been made since 1998. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Fixtures, |
Website | Fittings | Computer |
Development | & Equipment | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 1st January 2019 |
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Additions |
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At 31st December 2019 |
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Depreciation |
At 1st January 2019 |
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Charge for year |
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At 31st December 2019 |
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Net book value |
At 31st December 2019 |
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At 31st December 2018 |
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5. | Fixed asset investments |
Listed |
investment |
£ |
Cost or valuation |
At 1st January 2019 |
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Revaluations | ( |
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At 31st December 2019 |
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Net book value |
At 31st December 2019 |
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At 31st December 2018 |
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Marks Barfield Ltd. (Registered number: 02444149) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2019 |
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5. | Fixed asset investments - continued |
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Cost or valuation at 31st December 2019 is represented by: |
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Listed |
investment |
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Valuation in 2014 | (3,870 | ) |
Valuation in 2015 | (363 | ) |
Valuation in 2016 | 1,931 |
Valuation in 2017 | (1,652 | ) |
Valuation in 2018 | (441 | ) |
Valuation in 2019 | (629 | ) |
Cost | 7,751 |
2,727 |
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6. | Debtors |
2019 | 2018 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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Other debtors falling due after more than one year represent unsecured loan notes issued by Brighton |
I-360 Holdings Limited. These loan notes are repayable by Brighton I-360 Holdings Limited, only on the |
successful future operation of Brighton I-360 Limited. |
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7. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | Creditors: amounts falling due after more than one year |
2019 | 2018 |
£ | £ |
Other creditors |
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Marks Barfield Ltd. (Registered number: 02444149) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2019 |
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9. | Leasing agreements |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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