Marshglade Estates ltd - Accounts to registrar (filleted) - small 18.2

Marshglade Estates ltd - Accounts to registrar (filleted) - small 18.2

MARSHGLADE ESTATES LTD - Company Information

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REGISTERED NUMBER: 08550583















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

MARSHGLADE ESTATES LTD
MARSHGLADE ESTATES LTD (REGISTERED NUMBER: 08550583)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARSHGLADE ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







DIRECTORS: J Grunhut
Mrs P Grunhut





REGISTERED OFFICE: 9 Manor Parade
Mano road
London
N16 5SG





REGISTERED NUMBER: 08550583





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
MARSHGLADE ESTATES LTD (REGISTERED NUMBER: 08550583)

STATEMENT OF FINANCIAL POSITION
31 MAY 2018

31.5.18 31.5.17
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 1,800,000 1,800,000

CURRENT ASSETS
Debtors 4 11,673 5,698
Cash at bank 950 14,514
12,623 20,212
CREDITORS
Amounts falling due within one year 5 507,372 504,972
NET CURRENT LIABILITIES (494,749 ) (484,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,305,251
1,315,240

CREDITORS
Amounts falling due after more than one
year
6
761,040
761,040
NET ASSETS 544,211 554,200

CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 543,975 543,975
Retained earnings 8 235 10,224
SHAREHOLDERS' FUNDS 544,211 554,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 notes form part of these financial statements

Page 2 continued...
MARSHGLADE ESTATES LTD (REGISTERED NUMBER: 08550583)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2018


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 24 August 2018 and were signed on its behalf by:





Mrs P Grunhut - Director


The notes form part of these financial statements

Page 3
MARSHGLADE ESTATES LTD (REGISTERED NUMBER: 08550583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1. STATUTORY INFORMATION

Marshglade Estates ltd is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Transition to financial reporting standards 102
Transition to financial reporting standards 102
The company has adopted FRS 102 Section 1A for the first time in the preparation of these accounts.
Accordingly the date of transition to FRS 102 was 1 January 2015 (beginning of the accounting period of
comparative financial year).

There are no material differences in determining the company's profit and loss under FRS 102 Section 1A and
the previous framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective
January 2015)).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 4 continued...
MARSHGLADE ESTATES LTD (REGISTERED NUMBER: 08550583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2017
and 31 May 2018 1,800,000
NET BOOK VALUE
At 31 May 2018 1,800,000
At 31 May 2017 1,800,000

Fair value at 31 May 2018 is represented by:

£   
Valuation in 2016 543,975
Cost 1,256,025
1,800,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade debtors 11,672 5,697
Other debtors 1 1
11,673 5,698

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Taxation and social security 944 944
Other creditors 506,428 504,028
507,372 504,972

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.18 31.5.17
£    £   
Bank loans 761,040 761,040

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 761,040 761,040

Page 5 continued...
MARSHGLADE ESTATES LTD (REGISTERED NUMBER: 08550583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.18 31.5.17
value: £    £   
1 ordinary £1 1 1

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2017 10,224 543,975 554,199
Deficit for the year (9,989 ) (9,989 )
At 31 May 2018 235 543,975 544,210

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs P Grunhut.

Page 6