Marklark Limited - Abbreviated accounts 16.1

Marklark Limited - Abbreviated accounts 16.1

MARKLARK LIMITED - Company Information

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MARKLARK LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MAY 2016






MARKLARK LIMITED (REGISTERED NUMBER: 02088581)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

MARKLARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2016







DIRECTORS: J Deco
M J Deco
S Deco





REGISTERED OFFICE: 10 Perrins Lane
Hampstead
London
NW3 1QY





REGISTERED NUMBER: 02088581 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MARKLARK LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Marklark Limited for the year ended 31 May 2016 which comprise the Profit and Loss Account, the Balance Sheet
and the 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Marklark Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marklark Limited and state those matters that we have agreed to state to the Board of Directors of Marklark Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marklark 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 profit of Marklark Limited. You consider that Marklark 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 Marklark 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.






AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG


26 July 2016

This page does not form part of the abbreviated accounts

Page 2
MARKLARK LIMITED (REGISTERED NUMBER: 02088581)

ABBREVIATED BALANCE SHEET
31 MAY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 343,949 344,073

CURRENT ASSETS
Debtors 1,991 6,114
Cash at bank 32,324 29,875
34,315 35,989
CREDITORS
Amounts falling due within one year 185,374 162,620
NET CURRENT LIABILITIES (151,059 ) (126,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
192,890
217,442

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 192,790 217,342
SHAREHOLDERS' FUNDS 192,890 217,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 26 July 2016 and were signed on its behalf by:





J Deco - Director


The notes form part of these abbreviated accounts

Page 3
MARKLARK LIMITED (REGISTERED NUMBER: 02088581)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents rent receivable by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 15% on reducing balance

No depreciation has been made against profits of the year for depreciation of the company's freehold investment properties.
This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such
properties are not held for consumptions but for investment and the directors consider that to depreciate them would not
give a true and fair view.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different
from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences
which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply
when the timing differences reverse, based on current tax rates and laws. No provision for deferred tax has been provided in
these accounts as no material liability is expected to arise.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015
and 31 May 2016 355,550
DEPRECIATION
At 1 June 2015 11,477
Charge for year 124
At 31 May 2016 11,601
NET BOOK VALUE
At 31 May 2016 343,949
At 31 May 2015 344,073

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary shares £1 100 100

Page 4 continued...
MARKLARK LIMITED (REGISTERED NUMBER: 02088581)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2016

4. TRANSACTIONS WITH DIRECTORS

Other creditors includes the following amount which are owed to individuals who are directors of the company:
Mrs J Deco £15,542 (2015 £1,845), Ms S Deco £104,902 (2015 £101,102) and Ms M Deco £51,883 (2015 £48,083).

Page 5