6 Marlborough Place Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09845655 (England and Wales)

6 MARLBOROUGH PLACE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 OCTOBER 2015 TO 31 OCTOBER 2016

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

M A Allen

D M Allen

A C George

J Golesworthy

C K Marsh

J L Thompson

REGISTERED OFFICE:

6 Marlborough Place

Brighton

East Sussex

BN1 1UB

REGISTERED NUMBER:

09845655 (England and Wales)

ACCOUNTANTS:

Breeze & Associates Ltd.

Chartered Accountants

6 Marlborough Place

Brighton

East Sussex

BN1 1UB

SOLICITORS:

Thompson Allen LLP

6 Marlborough Place

Brighton

BN1 1UB

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of 6 Marlborough Place Ltd for the period ended 31 October 2016 which comprise the Income

Statement, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 6 Marlborough Place Ltd, 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 6 Marlborough Place Ltd and state those matters that we have agreed to state to the Board of Directors of 6 Marlborough Place Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 6 Marlborough Place Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 6 Marlborough Place Ltd 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 loss of 6 Marlborough Place Ltd. You consider that 6 Marlborough Place Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of 6 Marlborough Place Ltd. 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.

Breeze & Associates Ltd.

Chartered Accountants

6 Marlborough Place

Brighton

East Sussex

BN1 1UB

21 June 2017

FIXED ASSETS

Tangible assets

4

25,223

Investment property

5

799,469

824,692

CURRENT ASSETS

Debtors

6

5,924

Cash at bank

4,260

10,184

CREDITORS

Amounts falling due within one year

7

35,784

NET CURRENT LIABILITIES

(25,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

799,092

CREDITORS

Amounts falling due after more than one year

8

820,847

NET LIABILITIES

(21,755

)

CAPITAL AND RESERVES

Called up share capital

10

1,000

Retained earnings

11

(22,755

)

SHAREHOLDERS' FUNDS

(21,755

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 21 June 2017 and were signed on its behalf by:

A C George - Director

C K Marsh - Director

M A Allen - Director

J L Thompson - Director

J Golesworthy - Director

D M Allen - Director

1.	STATUTORY INFORMATION

6 Marlborough Place Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Office equipment

-

33.33% on cost

Fixtures, fittings & integral features

-

15% on reducing balance

Computer equipment

-

33.33% on cost

At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to

determine whether there is any indication that any items of property, plant and equipment have suffered an

impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to

determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be

less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount.

Impairment loss is recognised as an expense immediately.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment

properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are

measured at fair value. Gains and losses arising from changes in the fair value of investment properties are

included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an

on-going basis are included in plant, property and equipment at cost less accumulated depreciation and

accumulated impairment losses.

Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted

by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities

in the financial statements and the corresponding tax bases used in the computation of taxable profit.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to

which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or

substantively enacted by the end of the reporting period.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an

asset's carrying amount and the present value of estimated cash flows discounted at the asset's original

effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any

impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference

between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the

company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position

when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a

net basis or to realise the asset and settle the liability simultaneously.

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Office

& integral

Computer

equipment

features

equipment

Totals

£

£

£

£

COST

Additions

9,748

20,292

2,214

32,254

At 31 October 2016

9,748

20,292

2,214

32,254

DEPRECIATION

Charge for period

3,249

3,044

738

7,031

At 31 October 2016

3,249

3,044

738

7,031

NET BOOK VALUE

At 31 October 2016

6,499

17,248

1,476

25,223

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

799,469

At 31 October 2016

799,469

NET BOOK VALUE

At 31 October 2016

799,469

The directors do not believe that the valuation changed between the balance sheet date and the purchase

date of 20 December 2015.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

5,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

19,763

Trade creditors

6,244

Other creditors

9,777

35,784

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

492,247

Other creditors

328,600

820,847

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

403,021

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

512,010

Bank loans are secured by a fixed and floating charge over the company assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

£1

1,000

1,000 Ordinary shares of £1 were issued during the period for cash of £ 1,000 .

11.

RESERVES

Retained

earnings

£

Deficit for the period

(22,755

)

At 31 October 2016

(22,755

)

12.	RELATED PARTY DISCLOSURES

Included in other creditors falling due after more than 1 year are shareholder loan balances at 31 October

2016:-

J Thompson and E Thompson

£59,805

M Allen and C Webb

£59,805

C Marsh and E Marsh

£59,805

A George and C Harper

£59,805

D Allen and S Allen

£49,948

J Golesworthy and M Siddle

£39,432

Interest is accrued on the shareholder loans at the Bank of England base rate plus 2%.