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Unaudited Financial Statements |
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for the Year Ended 30 April 2019 |
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for |
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Neil Marcus Homes Ltd. |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2019 |
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for |
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Neil Marcus Homes Ltd. |
Neil Marcus Homes Ltd. (Registered number: 03556254) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Neil Marcus Homes Ltd. |
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Company Information |
for the Year Ended 30 April 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Stafford House |
Blackbrook Park Avenue |
Taunton |
Somerset |
TA1 2PX |
Neil Marcus Homes Ltd. (Registered number: 03556254) |
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Balance Sheet |
30 April 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Neil Marcus Homes Ltd. (Registered number: 03556254) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
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1. | STATUTORY INFORMATION |
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Neil Marcus Homes Ltd. is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
The director is of the opinion that there are no estimates or assumptions that have a significant risk of causing a |
material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
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Turnover |
Turnover is measured at the fair value of consideration received or receivable. Revenue from property sales is |
recognised if completed in the year or if properties are contracted to be sold where completion after the year end |
is certain. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Stocks and work in progress |
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and |
an appropriate proportion of fixed and variable overheads. |
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Financial instruments |
The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial |
instruments are initially recognised at transaction value and subsequently measured at settlement value. |
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Taxation |
Taxation for the year comprises current 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
Neil Marcus Homes Ltd. (Registered number: 03556254) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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3. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2018 |
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Additions |
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At 30 April 2019 |
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DEPRECIATION |
At 1 May 2018 |
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Charge for year |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 May 2018 |
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Impairments | ( |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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Group accounts are not required as the group qualifies for small group exemptions. |
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5. | STOCKS |
2019 | 2018 |
£ | £ |
Work-in-progress |
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6. | DEBTORS |
2019 | 2018 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
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Other debtors |
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Neil Marcus Homes Ltd. (Registered number: 03556254) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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6. | DEBTORS - continued |
2019 | 2018 |
£ | £ |
Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Close Brothers | 914,315 | 1,222,470 |
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The loan and all the company's liabilities to Close Brothers Property Finance were secured by a fixed charge |
over the property at Harnham Hill telephone exchange, Old Shaftesbury Drove Road, Salisbury, SP2 8DA, 17a |
Hazel Close, Chandlers Ford, Eastleigh, SO53 5RF and a fixed and floating charge over all the assets of the |
company. |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 April 2019 and |
30 April 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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As at the balance sheet date Mr N M Lickiss had an overdrawn current account balance as shown above. The |
maximum overdrawn balance on the account in the year was £189,637. Interest was charged at the official rate |
on the outstanding balance. Interest totalling £4,684 (2018: £4,623) was charged in the year. |