Marchfield Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06726374 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

MARCHFIELD GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H James

R J James

SECRETARY:

B Kotecha

REGISTERED OFFICE:

Chells Manor House

Chells Lane

Stevenage

Hertfordshire

SG2 7AA

REGISTERED NUMBER:

06726374 (England and Wales)

ACCOUNTANTS:

Trevor Jones & Partners Ltd

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

FIXED ASSETS

Investments

3

50,000

50,001

CURRENT ASSETS

Debtors

4

50,000

50,000

Cash at bank

2,817

2,109

52,817

52,109

CREDITORS

Amounts falling due within one year

5

95,113

99,606

NET CURRENT LIABILITIES

(42,296

)

(47,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,704

2,504

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

(42,296

)

(47,496

)

SHAREHOLDERS' FUNDS

7,704

2,504

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 20th June 2019 and were signed on its behalf by:

J H James - Director

1.	STATUTORY INFORMATION

Marchfield Group 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 net invoiced management charges.

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 1st April 2018

and 31st March 2019

50,000

NET BOOK VALUE

At 31st March 2019

50,000

At 31st March 2018

50,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

50,000

50,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

44,164

47,664

Taxation and social security

199

1,192

Other creditors

50,750

50,750

95,113

99,606

6.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £44,164.83 (2018- £47,663.83) to Marchfield Homes Limited, a

subsidiary company. During the year the company charged management fees of £6,000 (2018 - £6,000) to

Marchfield Homes Limited.

7.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.