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Unaudited Financial Statements |
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for the Year Ended 30 September 2021 |
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for |
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Marshalls (Donington) Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 September 2021 |
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for |
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Marshalls (Donington) Limited |
Marshalls (Donington) Limited (Registered number: 04529158) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2021 |
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Page |
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Company information | 1 |
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Chartered accountants' report | 2 |
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Statement of financial position | 3 | to | 4 |
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Notes to the financial statements | 5 | to | 8 |
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Marshalls (Donington) Limited |
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Company Information |
for the Year Ended 30 September 2021 |
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Directors: |
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Secretary: |
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Registered office: |
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Business address: |
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Registered number: |
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Accountants: |
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Bank House |
Broad Street |
Spalding |
Lincolnshire |
PE11 1TB |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Marshalls (Donington) Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marshalls (Donington) Limited for the year ended 30 September 2021 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Marshalls (Donington) Limited, as a body, in accordance with the terms of our engagement letter dated 7 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Marshalls (Donington) Limited and state those matters that we have agreed to state to the Board of Directors of Marshalls (Donington) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marshalls (Donington) Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Marshalls (Donington) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marshalls (Donington) Limited. You consider that Marshalls (Donington) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Marshalls (Donington) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Bank House |
Broad Street |
Spalding |
Lincolnshire |
PE11 1TB |
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Marshalls (Donington) Limited (Registered number: 04529158) |
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Statement of Financial Position |
30 September 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
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Investment property | 6 |
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Current assets |
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
Called up share capital | 9 |
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Revaluation reserve | 10 |
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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. |
Marshalls (Donington) Limited (Registered number: 04529158) |
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Statement of Financial Position - continued |
30 September 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income statement 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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Marshalls (Donington) Limited (Registered number: 04529158) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2021 |
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1. | Statutory information |
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Marshalls (Donington) Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Statement of compliance |
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3. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
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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Tangible fixed assets |
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Leasehold improvement | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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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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Marshalls (Donington) Limited (Registered number: 04529158) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2021 |
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3. | Accounting policies - continued |
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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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4. | Employees and directors |
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The average number of employees during the year was
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5. | Tangible fixed assets |
Fixtures |
Leasehold | Plant and | and | Motor |
improvement | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 October 2020 |
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Additions |
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At 30 September 2021 |
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Depreciation |
At 1 October 2020 |
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Charge for year |
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At 30 September 2021 |
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Net book value |
At 30 September 2021 |
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At 30 September 2020 |
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6. | Investment property |
Total |
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Fair value |
At 1 October 2020 |
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Revaluations | (16,359 | ) |
At 30 September 2021 |
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Net book value |
At 30 September 2021 |
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At 30 September 2020 |
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Marshalls (Donington) Limited (Registered number: 04529158) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2021 |
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6. | Investment property - continued |
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Fair value at 30 September 2021 is represented by: |
£ |
Valuation in 2017 | 14,327 |
Valuation in 2018 | 5,000 |
Valuation in 2019 | 34,000 |
Valuation in 2020 | 8,359 |
Valuation in 2021 | (16,359 | ) |
Cost | 110,673 |
156,000 |
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The investment property was valued by the directors at the year end at fair value. |
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The method and assumptions used to value this property is that the directors used guidance from a well known property website which provides estimates of this and similar properties in the surrounding area. |
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7. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Directors' current accounts | 2,151 | 2,593 |
Accruals and deferred income |
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9. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary share | £1 | 100 | 100 |
Marshalls (Donington) Limited (Registered number: 04529158) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2021 |
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10. | Reserves |
Revaluation |
reserve |
£ |
At 1 October 2020 |
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Revaluation transfer | (16,359 | ) |
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At 30 September 2021 |
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11. | Directors' advances, credits and guarantees |
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The following advances and credits to directors subsisted during the years ended 30 September 2021 and 30 September 2020: |
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2021 | 2020 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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The above figures are aggregate. No interest is charged to the loan. |