Marcar Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00562474 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

MARCAR HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E S P Marcar

M J Marcar

SECRETARY:

Miss D Boothe

REGISTERED OFFICE:

Marcar House,

Parkshot

Richmond

Surrey

TW9 2RG

REGISTERED NUMBER:

00562474 (England and Wales)

ACCOUNTANTS:

Crane & Partners

Chartered Accountants

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Investments

3

600,000

CURRENT ASSETS

Debtors

4

141,785

141,766

Cash at bank

4,817

4,774

146,602

146,540

CREDITORS

Amounts falling due within one year

5

18,987

18,968

NET CURRENT ASSETS

127,615

127,572

TOTAL ASSETS LESS CURRENT
LIABILITIES

727,615

727,572

CAPITAL AND RESERVES

Called up share capital

7,644

Capital redemption reserve

5,078

Retained earnings

714,893

714,850

SHAREHOLDERS' FUNDS

727,615

727,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 August 2019 and were signed on its behalf
by:

E S P Marcar - Director

M J Marcar - Director

1.	STATUTORY INFORMATION

Marcar Holdings 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.

Turnover

Turnover represents management charges receivable net of VAT.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet 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.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

and 31 March 2019

600,000

NET BOOK VALUE

At 31 March 2019

600,000

At 31 March 2018

600,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Amounts owed by group undertakings

135,532

Other debtors

6,253

6,234

141,785

141,766

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Taxation and social security

18,987

18,968

6.	RELATED PARTY DISCLOSURES

During the year the company charged management fees of £100,000 (2018: £100,000) to Marcar Steel &

Engineering Ltd for which, Mr E Marcar and Mr M Marcar are also directors. At the year end the company is

owed £116,532 (2018: £135,532).

Marcar Holdings Limited - Accounts to registrar (filleted) - small 18.2

Marcar Holdings Limited - Accounts to registrar (filleted) - small 18.2