Mara Homes (Shrewsbury) Limited 30/04/2020 iXBRL

MARA HOMES (SHREWSBURY) LIMITED - Company Information

30/04/2020 2020-04-30 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2019-05-01 Sage Accounts Production 19.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 07221815 2019-05-01 2020-04-30 07221815 2020-04-30 07221815 2018-05-01 2019-04-30 07221815 2019-04-30 07221815 2018-04-30 07221815 bus:RegisteredOffice 2019-05-01 2020-04-30 07221815 bus:LeadAgentIfApplicable 2019-05-01 2020-04-30 07221815 bus:Director1 2019-05-01 2020-04-30 07221815 bus:Director2 2019-05-01 2020-04-30 07221815 core:WithinOneYear 2020-04-30 07221815 core:WithinOneYear 2019-04-30 07221815 core:RetainedEarningsAccumulatedLosses 2018-05-01 2019-04-30 07221815 core:RetainedEarningsAccumulatedLosses 2019-05-01 2020-04-30 07221815 core:AfterOneYear 2020-04-30 07221815 core:AfterOneYear 2019-04-30 07221815 core:ShareCapital 2020-04-30 07221815 core:ShareCapital 2019-04-30 07221815 core:RetainedEarningsAccumulatedLosses 2020-04-30 07221815 core:RetainedEarningsAccumulatedLosses 2019-04-30 07221815 core:ShareCapital 2018-04-30 07221815 core:RetainedEarningsAccumulatedLosses 2018-04-30 07221815 bus:Director1 2020-04-30 07221815 bus:Director1 2019-04-30 07221815 bus:SmallEntities 2019-05-01 2020-04-30 07221815 bus:AuditExemptWithAccountantsReport 2019-05-01 2020-04-30 07221815 bus:FullAccounts 2019-05-01 2020-04-30 07221815 bus:SmallCompaniesRegimeForAccounts 2019-05-01 2020-04-30 07221815 bus:PrivateLimitedCompanyLtd 2019-05-01 2020-04-30

Company registration number: 07221815

MARA HOMES (SHREWSBURY) LIMITED

30 April 2020

HEYWOODS

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

MARA HOMES (SHREWSBURY) LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

MARA HOMES (SHREWSBURY) LIMITED

DIRECTORS AND OTHER INFORMATION


	Directors	Mr R I Cambray
		Mrs M E Cambray


	Company number	07221815


	Registered office	Countrywide House
		Knights Way
		Battlefield Enterprise Park
		Shrewsbury
		SY1 3AB


	Business address	New House Farm
		Pulverbatch
		Shrewsbury
		Shropshire
		SY5 8DE


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

MARA HOMES (SHREWSBURY) LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARA HOMES (SHREWSBURY) LIMITED

YEAR ENDED 30 APRIL 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mara Homes (Shrewsbury) Limited for the year ended 30 April 2020 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Mara Homes (Shrewsbury) Limited, as a body, in accordance with the terms of our engagement letter dated 17 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Mara Homes (Shrewsbury) Limited and state those matters that we have agreed to state to the board of directors of Mara Homes (Shrewsbury) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mara Homes (Shrewsbury) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Mara Homes (Shrewsbury) 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 loss of Mara Homes (Shrewsbury) Limited. You consider that Mara Homes (Shrewsbury) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mara Homes (Shrewsbury) 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.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

11 April 2020

MARA HOMES (SHREWSBURY) LIMITED

STATEMENT OF FINANCIAL POSITION

30 APRIL 2020

		2020		2019
	Note	£	£	£	£

Current assets
Stocks and work-in-progress		1,150,000		1,171,738
Debtors	5	28,919		5,565
Cash at bank and in hand		22,719		43,369
		_______		_______
		1,201,638		1,220,672
Creditors: amounts falling due
within one year	6	( 818,690)		( 672,949)
		_______		_______
Net current assets			382,948		547,723
			_______		_______
Total assets less current liabilities			382,948		547,723

Creditors: amounts falling due
after more than one year	7		( 500,000)		( 550,000)
			_______		_______
Net liabilities			( 117,052)		( 2,277)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			( 117,054)		( 2,279)
			_______		_______
Shareholders deficit			( 117,052)		( 2,277)
			_______		_______

For the year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 November 2020 , and are signed on behalf of the board by:

Mr R I Cambray Mrs M E Cambray

Director Director

Company registration number: 07221815

MARA HOMES (SHREWSBURY) LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 30 APRIL 2020

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 May 2018	2	( 1,277)	( 1,275)

Loss for the year		( 1,002)	( 1,002)
	_______	_______	_______
Total comprehensive income for the year	-	( 1,002)	( 1,002)

	_______	_______	_______
At 30 April 2019 and 1 May 2019	2	( 2,279)	( 2,277)

Loss for the year		( 114,775)	( 114,775)
	_______	_______	_______
Total comprehensive income for the year	-	( 114,775)	( 114,775)

	_______	_______	_______
At 30 April 2020	2	( 117,054)	( 117,052)
	_______	_______	_______

MARA HOMES (SHREWSBURY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Battlefield Enterprise Park, Shrewsbury, SY1 3AB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is insolvent and is dependant upon the continued support of the directors.

Turnover

Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Construction contracts

Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2019: 2 ).

5. Debtors

	2020	2019
	£	£
Other debtors	28,919	5,565
	_______	_______

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Bank loans and overdrafts	500,000	-
Trade creditors	-	30,279
Social security and other taxes	7,508	3,900
Other creditors	311,182	638,770
	_______	_______
	818,690	672,949
	_______	_______

7. Creditors: amounts falling due after more than one year

	2020	2019
	£	£
Other creditors	500,000	550,000
	_______	_______

8. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2020	2019
	£	£
Mr R I Cambray	25,233	25,233
	_______	_______