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Unaudited Financial Statements |
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for the Year Ended 30 April 2022 |
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for |
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Neil Marcus Homes Ltd. |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2022 |
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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 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Neil Marcus Homes Ltd. |
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Company Information |
for the Year Ended 30 April 2022 |
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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 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 9 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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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: |
(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. |
Neil Marcus Homes Ltd. (Registered number: 03556254) |
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Balance Sheet - continued |
30 April 2022 |
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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 and authorised for issue 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 2022 |
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1. | STATUTORY INFORMATION |
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Neil Marcus Homes Ltd. is a
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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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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
Neil Marcus Homes Ltd. (Registered number: 03556254) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2021 |
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Additions |
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Disposals |
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At 30 April 2022 |
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DEPRECIATION |
At 1 May 2021 |
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Charge for year |
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Eliminated on disposal |
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At 30 April 2022 |
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NET BOOK VALUE |
At 30 April 2022 |
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At 30 April 2021 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2021 |
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Additions |
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At 30 April 2022 |
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NET BOOK VALUE |
At 30 April 2022 |
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At 30 April 2021 |
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Group accounts are not required as the group qualifies for small group exemptions. |
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6. | STOCKS |
2022 | 2021 |
£ | £ |
Work-in-progress |
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7. | DEBTORS |
2022 | 2021 |
£ | £ |
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 2022 |
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7. | DEBTORS - continued |
2022 | 2021 |
£ | £ |
Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts (see note 10) |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans (see note 10) |
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10. | LOANS |
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An analysis of the maturity of loans is given below: |
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2022 | 2021 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loan |
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Amounts falling due between two and five years: |
Bank loans - 2-5 years |
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The bank loan was drawn down in June 2020 under the CBILS provisions due to the Covid-19 pandemic. The loan, which includes a 12 month interest and 18 month capital repayment holiday, carries interest at a fixed rate of 2.5% and is repayable in 54 monthly instalments from January 2022. The loan is repayable in June 2026. |
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11. | 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 2022 and 30 April 2021: |
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2022 | 2021 |
£ | £ |
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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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Neil Marcus Homes Ltd. (Registered number: 03556254) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
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11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued |
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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 £391,899 (2021: £409,757). Interest was charged at the official rate on the outstanding balance. Interest totalling £4,040 (2021: £9,651) was charged in the year. |