Marjoram Leisure Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03140579 (England and Wales)

Marjoram Leisure Limited

Abridged Financial Statements for the Period 1st January 2022 to 31st March 2023

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

D Hunt

S Hunt

Registered office:

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Registered number:

03140579 (England and Wales)

Accountants:

Walters & Company

Certified Practising Accountants

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Fixed assets

Tangible assets

4

2,910,525

2,757,338

Current assets

Stocks

55,252

60,564

Debtors

160,116

15,967

Cash at bank and in hand

359,688

1,070,834

575,056

1,147,365

Creditors

Amounts falling due within one year

867,250

940,379

Net current (liabilities)/assets

(292,194

)

206,986

Total assets less current liabilities

2,618,331

2,964,324

Creditors

Amounts falling due after more than one year

5

(951,901

)

(1,036,321

)

Provisions for liabilities

(72,683

)

(62,680

)

Net assets

1,593,747

1,865,323

Capital and reserves

Called up share capital

7

2

2

Retained earnings

1,593,745

1,865,321

Shareholders' funds

1,593,747

1,865,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2023 and were signed on its behalf by:

D Hunt - Director

S Hunt - Director

1.	Statutory information

Marjoram Leisure 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.

Freehold property

-

1% on cost

Fixtures & equipment

-

20% on cost, 20% on reducing balance and 7.5% reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the period was 128 (2021 - 128 ) .

4.	Tangible fixed assets

Totals

£

Cost

At 1st January 2022

3,167,756

Additions

240,496

At 31st March 2023

3,408,252

Depreciation

At 1st January 2022

410,418

Charge for period

87,309

At 31st March 2023

497,727

Net book value

At 31st March 2023

2,910,525

At 31st December 2021

2,757,338

5.

Creditors: amounts falling due after more than five years

31/3/23

31/12/21

£

£

Repayable by instalments

Bank loans more 5 yr by instal

951,901

1,036,321

6.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/23

31/12/21

£

£

Within one year

46,350

46,350

Between one and five years

92,700

92,700

139,050

139,050

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/23

31/12/21

value:

£

£

2

Ordinary

1

2

2