MARCUS SQUARE DEVELOPMENTS LIMITED

MARCUS SQUARE DEVELOPMENTS LIMITED

MARCUS SQUARE DEVELOPMENTS LIMITED - Company Information

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MARCUS SQUARE DEVELOPMENTS LIMITED

Company Registration Number:
NI063007 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2021

Period of accounts

Start date: 29 February 2020

End date: 28 February 2021

MARCUS SQUARE DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2021

Balance sheet
Notes

MARCUS SQUARE DEVELOPMENTS LIMITED

Balance sheet

As at 28 February 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 4,405,250 1,200,000
Investments: 4 2,166,202 2,166,202
Total fixed assets: 6,571,452 3,366,202
Current assets
Debtors: 5 4,083,691 4,161,571
Cash at bank and in hand: 70,403 37,903
Total current assets: 4,154,094 4,199,474
Creditors: amounts falling due within one year: 6 (479,818) (909,947)
Net current assets (liabilities): 3,674,276 3,289,527
Total assets less current liabilities: 10,245,728 6,655,729
Creditors: amounts falling due after more than one year: 7 (10,958,339) (8,543,583)
Total net assets (liabilities): (712,611) (1,887,854)
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:8800,0000
Profit and loss account: (1,512,613) (1,887,856)
Shareholders funds: (712,611) (1,887,854)

The notes form part of these financial statements

MARCUS SQUARE DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 28 February 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 July 2021
and signed on behalf of the board by:

Name: Juliana Conlon
Status: Director

The notes form part of these financial statements

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

3. Tangible Assets

Total
Cost £
At 29 February 2020 1,200,000
Additions 2,405,250
Revaluations 800,000
At 28 February 2021 4,405,250
Depreciation
At 29 February 2020 0
At 28 February 2021 0
Net book value
At 28 February 2021 4,405,250
At 28 February 2020 1,200,000

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

4. Fixed investments

Group and total participating interests/joint ventures £Cost at 28/02/2020 6,400,000Provision for Diminution in value @ 28/02/2021 (4,233,798)Net book value at 28/02/2021 2,166,202 Net book value at 28/02/2020 2,166,202

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

5. Debtors

2021 2020
££
Debtors due after more than one year: 4,070,783 4,115,520

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

6. Creditors: amounts falling due within one year note

2021 2020 £ £Bank Loan 401,836 239,686Taxation 15,749 21,117 Director's Current account 0 609,666Other Creditors 60,233 38,278Accruals 2,000 1,200Total 479,818 909,947

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

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

2021 2020 £ £Bank Loans 6,371,466 5,754,083Directors Loan Account 4,586,873 2,789,500Total 10,958,339 8,543,583

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

8. Revaluation reserve

2021
£
Balance at 29 February 2020 0
Surplus or deficit after revaluation 800,000
Balance at 28 February 2021 800,000

MARCUS SQUARE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

9. Post balance sheet events

There have been no significant events affecting the company since the financial year-end.