Marfen Scarborough Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10373833 (England and Wales)

Unaudited Financial Statements

for the Period 13 September 2016 to 30 June 2017

for

Marfen Scarborough Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

4

DIRECTORS:

I E Melvin

A Pegge

J P Purcell

SECRETARY:

Ms S Wakeford

REGISTERED OFFICE:

38 Jermyn Street

London

SW1Y 6DN

REGISTERED NUMBER:

10373833 (England and Wales)

ACCOUNTANTS:

Certax Accounting (Durham)

Unit 8&9

Parsons Court

Welbury Way

Newton Aycliffe

Co. Durham

DL5 6ZE

CURRENT ASSETS

Stocks

1,247,953

Debtors

3

143

1,248,096

CREDITORS

Amounts falling due within one year

4

1,248,702

NET CURRENT LIABILITIES

(606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(606

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(607

)

SHAREHOLDERS' FUNDS

(606

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2017 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 20 March 2018 and were signed on its behalf by:

I E Melvin - Director

1.	STATUTORY INFORMATION

Marfen Scarborough 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 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. The financial statements have been prepared under the historical cost convention.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

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

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

143

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

1,247,951

Other creditors

751

1,248,702

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Laxey Group Limited.

The following reproduces the text of the report prepared for the directors 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

Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 June 2017 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Certax Accounting (Durham)

Unit 8&9

Parsons Court

Welbury Way

Newton Aycliffe

Co. Durham

DL5 6ZE

Date: .............................................