Markson & Sons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11528891 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 AUGUST 2018 TO 31 AUGUST 2019

FOR

MARKSON & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Carpenter

REGISTERED OFFICE:

2 Shorland House

Beaufort Road

Bristol

BS8 2JT

REGISTERED NUMBER:

11528891 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

372,384

CURRENT ASSETS

Cash at bank

61,845

CREDITORS

Amounts falling due within one year

5

177,692

NET CURRENT LIABILITIES

(115,847

)

TOTAL ASSETS LESS CURRENT LIABILITIES

256,537

CREDITORS

Amounts falling due after more than one year

6

284,160

NET LIABILITIES

(27,623

)

CAPITAL AND RESERVES

Called up share capital

7

10

Retained earnings

8

(27,633

)

SHAREHOLDERS' FUNDS

(27,623

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 May 2020 and were signed by:

B Carpenter - Director

1.	STATUTORY INFORMATION

Markson & Sons 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

in accordance with the property

Fixtures and fittings

-

25% on cost

Taxation

Taxation for the period 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

period 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.

Going concern

The accounts have been prepared on a going basis as it is the intention of the director to

continue to support the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST

Additions

370,205

2,905

373,110

At 31 August 2019

370,205

2,905

373,110

DEPRECIATION

Charge for period

-

726

726

At 31 August 2019

-

726

726

NET BOOK VALUE

At 31 August 2019

370,205

2,179

372,384

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Mortgage

9,169

Directors' current accounts

168,273

Accruals and deferred income

250

177,692

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

120,000

Mortgage

164,160

284,160

Octane Capital Limited has a fixed charge over the property acquired in the year.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10

10 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

8.

RESERVES

Retained

earnings

£

Deficit for the period

(27,633

)

At 31 August 2019

(27,633

)

9.	RELATED PARTY DISCLOSURES

The director maintains an interest free loan account with the company. At the balance sheet

date the director was owed £168,273 (2018: £NIL).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is B Carpenter.