REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 11 March 2022 to 28 February 2023 |
for |
March East Developments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 11 March 2022 to 28 February 2023 |
for |
March East Developments Limited |
March East Developments Limited (Registered number: 13970139) |
Contents of the Financial Statements |
for the Period 11 March 2022 to 28 February 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
March East Developments Limited |
Company Information |
for the Period 11 March 2022 to 28 February 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
73 Gilkes Street |
Middlesbrough |
TS1 5EH |
March East Developments Limited (Registered number: 13970139) |
Balance Sheet |
28 February 2023 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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 and authorised for issue on |
March East Developments Limited (Registered number: 13970139) |
Notes to the Financial Statements |
for the Period 11 March 2022 to 28 February 2023 |
1. | STATUTORY INFORMATION |
March East Developments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Stocks (excluding land) are held at cost value which comprises land and associated acquisition costs, direct materials and subcontract work, other direct costs and overheads that have been incurred in bringing the stocks to their present location and condition. Land stocks include contract exchange deposits. A net realisable value is assessed periodically and any necessary adjustment made. |
Where the company enters into arrangements for the purchase of land and these arrangements are conditional on a future event the option fees and other relevant initial costs are recognised in stock as they fall due. The full cost of the land is not recognised until the option has been executed. |
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. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
March East Developments Limited (Registered number: 13970139) |
Notes to the Financial Statements - continued |
for the Period 11 March 2022 to 28 February 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to associates | 74,978 |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
At 28th February 2023 the company owed A C Byrne £25,424. |
A C Byrne is also a director of Tyel Limited. During the period Tyel Limited made advancements to the company totalling £74,978. The balance outstanding at 28th February 2023 was £74,978. No interest is being charged on this amount. |