Marker Investments Limited Filleted accounts for Companies House (small and micro)

MARKER INVESTMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 12747912

Marker Investments Limited

Filleted Unaudited Financial Statements

30 April 2022

Marker Investments Limited

Statement of Financial Position

30 April 2022

	30 Apr 22	31 Jul 21
Note	£	£

Fixed assets

Tangible assets	4	1,636,610	1,636,610

Current assets

Debtors	5	4,068	–
Cash at bank and in hand		24,685	13,698
		--------	--------
		28,753	13,698

Creditors: amounts falling due within one year	6	682,892	677,041
		---------	---------
Net current liabilities		654,139	663,343
		------------	------------
Total assets less current liabilities		982,471	973,267

Creditors: amounts falling due after more than one year	7	981,201	981,040
		---------	---------
Net assets/(liabilities)		1,270	( 7,773)
		---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	270	( 8,773)
	-------	-------
Shareholders funds/(deficit)	1,270	( 7,773)
	-------	-------

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.

For the period ending 30 April 2022 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 period 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 .

Marker Investments Limited

Statement of Financial Position (continued)

30 April 2022

These financial statements were approved by the board of directors and authorised for issue on 22 June 2022 , and are signed on behalf of the board by:

Mr Y Marker

Director

Company registration number: 12747912

Marker Investments Limited

Notes to the Financial Statements

Period from 1 August 2021 to 30 April 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Redbridge Lane East, Ilford, IG4 5ET, Essex.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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.

Revenue recognition

Turnover represents rental income receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4. Tangible assets

	Freehold property
	£
Cost
At 1 August 2021 and 30 April 2022	1,636,610
	------------
Depreciation
At 1 August 2021 and 30 April 2022	–
	------------
Carrying amount
At 30 April 2022	1,636,610
	------------
At 31 July 2021	1,636,610
	------------

The company's investment property was revalued on a fair value basis by the directors on 30 April 2022.

5. Debtors

	30 Apr 22	31 Jul 21
	£	£
Other debtors	4,068	–
	-------	----

6. Creditors: amounts falling due within one year

	30 Apr 22	31 Jul 21
	£	£
Corporation tax	87	–
Other creditors	682,805	677,041
	---------	---------
	682,892	677,041
	---------	---------

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

	30 Apr 22	31 Jul 21
	£	£
Bank loans and overdrafts	981,201	981,040
	---------	---------

Bank Loan of £981,201 (2021 £981,040) disclosed under creditors falling due after one year is secured by the company .