Heritage Property Marske Limited

Heritage Property Marske Limited

HERITAGE PROPERTY MARSKE LIMITED - Company Information

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Company Registration No. 05368268 (England and Wales)
Heritage Property Marske Limited Unaudited accounts for the year ended 31 May 2022
Heritage Property Marske Limited Unaudited accounts Contents
Page
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Heritage Property Marske Limited Company Information for the year ended 31 May 2022
Director
Ian Morton
Company Number
05368268 (England and Wales)
Registered Office
Marske Stables, Marske Hall Marske Yorkshire DL11 7NB England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Heritage Property Marske Limited Accountants' report
Accountants' report to the director of Heritage Property Marske Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Heritage Property Marske Limited for the year ended 31 May 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Heritage Property Marske Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Heritage Property Marske Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heritage Property Marske Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Heritage Property Marske Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Heritage Property Marske Limited. You consider that Heritage Property Marske 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 accounts of Heritage Property Marske 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 20 February 2023
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Heritage Property Marske Limited Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Inventories
4
383,027 
295,173 
Debtors
5
73,050 
- 
Cash at bank and in hand
50 
34,301 
456,127 
329,474 
Creditors: amounts falling due within one year
6
(385,633)
(346,648)
Net current assets/(liabilities)
70,494 
(17,174)
Total assets less current liabilities
70,494 
(17,174)
Creditors: amounts falling due after more than one year
7
(168,855)
(80,000)
Net liabilities
(98,361)
(97,174)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(98,461)
(97,274)
Shareholders' funds
(98,361)
(97,174)
For the year ending 31 May 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2023 and were signed on its behalf by
Ian Morton Director Company Registration No. 05368268
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Heritage Property Marske Limited Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
Heritage Property Marske Limited is a private company, limited by shares, registered in England and Wales, registration number 05368268. The registered office is Marske Stables,, Marske Hall, Marske, Yorkshire, DL11 7NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Inventories
2022 
2021 
£ 
£ 
Work in progress
383,027 
295,173 
383,027 
295,173 
Assets valued at £38,376, previously reported as investment property in 2020, have now been restated as work-in-progress.
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
73,050 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other creditors
211,283 
208,468 
Loans from directors
173,750 
137,435 
Accruals
600 
745 
385,633 
346,648 
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Heritage Property Marske Limited Notes to the Accounts for the year ended 31 May 2022
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
48,357 
- 
Other creditors
120,498 
80,000 
168,855 
80,000 
8
Transactions with related parties
Included in current liabilities is a balance of xx,xxx (2021 - £208,468) owed to Heritage Apartments, a related company. No interest has been charged and the loan is repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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