Markmill Limited - Accounts to registrar (filleted) - small 18.1
Markmill Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 November 2017 |
for |
Markmill Limited |
Markmill Limited (Registered number: 01963589) |
Contents of the Financial Statements |
for the Year Ended 30 November 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Markmill Limited |
Company Information |
for the Year Ended 30 November 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
7 Clarendon Place |
King Street |
Maidstone |
Kent |
ME14 1BQ |
Markmill Limited (Registered number: 01963589) |
Balance Sheet |
30 November 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
Markmill Limited (Registered number: 01963589) |
Notes to the Financial Statements |
for the Year Ended 30 November 2017 |
1. | STATUTORY INFORMATION |
Markmill Limited is a |
number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year 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 year 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. |
Investment property |
In accordance with Statement of Standard Accounting Practice number 19, interests in property which is held for its |
investment potential are carried in the balance sheet at their open market value. The directors consider that this |
accounting policy results in the accounts giving a true and fair view. |
Changes in value are not taken to the profit and loss account but are disclosed as a movement on an investment |
revaluation reserve, unless the total of the reserve is insufficient to cover a deficit, in which case the shortfall is charged |
to the profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Markmill Limited (Registered number: 01963589) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2017 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST OR VALUATION |
At 1 December 2016 |
and 30 November 2017 |
NET BOOK VALUE |
At 30 November 2017 |
At 30 November 2016 |
Cost or valuation at 30 November 2017 is represented by: |
Land and |
buildings |
£ |
Valuation in 1998 | 140,759 |
Valuation in 1999 | (10,836 | ) |
Cost | 296,959 |
426,882 |
If the investment property had not been revalued it would have been included at the following historical cost: |
2017 | 2016 |
£ | £ |
Cost | 296,959 | 296,959 |
The investment property was valued on a rent capitalisation basis on 30 November 1999 by the Directors . |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 December 2016 |
and 30 November 2017 |
Markmill Limited (Registered number: 01963589) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2017 |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr A G Fortescue. |