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REGISTERED NUMBER: 00771488 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2018

for

MARFANI & CO LIMITED

MARFANI & CO LIMITED (REGISTERED NUMBER: 00771488)

Contents of the Financial Statements
for the year ended 28 February 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARFANI & CO LIMITED

Company Information
for the year ended 28 February 2018







Directors: J T Marfani
S R Marfani





Secretary: M Asghar





Registered office: 1 Ogden Street
Didsbury
Manchester
M20 6DN





Registered number: 00771488 (England and Wales)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

MARFANI & CO LIMITED (REGISTERED NUMBER: 00771488)

Balance Sheet
28 February 2018

2018 2017
Notes £ £ £ £
Fixed assets
Investment property 5 2,972,847 2,429,341

Current assets
Debtors 6 20,923 126,520
Investments 7 5,829 5,829
Cash at bank 33,091 588,181
59,843 720,530
Creditors
Amounts falling due within one year 8 459,193 597,634
Net current (liabilities)/assets (399,350 ) 122,896
Total assets less current liabilities 2,573,497 2,552,237

Provisions for liabilities 17,300 21,900
Net assets 2,556,197 2,530,337

Capital and reserves
Called up share capital 22,250 22,250
Capital redemption reserve 9 2,750 2,750
Other reserves 9 2,630 2,630
Fair value reserve 9 111,490 106,890
Retained earnings 9 2,417,077 2,395,817
Shareholders' funds 2,556,197 2,530,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

MARFANI & CO LIMITED (REGISTERED NUMBER: 00771488)

Balance Sheet - continued
28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 22 October 2018 and were signed on its behalf by:





S R Marfani - Director


MARFANI & CO LIMITED (REGISTERED NUMBER: 00771488)

Notes to the Financial Statements
for the year ended 28 February 2018


1. Statutory information

Marfani & Co Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises of rental income receivable and sales of properties. Income from property sales is
recognised on legal completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses.

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 Profit and Loss Account,
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.

4. Employees and directors

The average number of employees during the year was 2 (2017 - 2 ) .

MARFANI & CO LIMITED (REGISTERED NUMBER: 00771488)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


5. Investment property
Total
£
Fair value
At 1 March 2017 2,429,341
Additions 543,506
At 28 February 2018 2,972,847
Net book value
At 28 February 2018 2,972,847
At 28 February 2017 2,429,341

The investment properties were revalued on 28 February 2018 by the directors who are internal to the company.
the basis of this valuation was open market value with existing use. This class of asset has a current value of
£2,972,847 and a carrying amount at historical cost of £2,442,555 (2017 - £2,429,341).
The depreciation on this historical cost is £nil (2017 - £nil).

6. Debtors: amounts falling due within one year
2018 2017
£ £
Trade debtors 11,610 7,649
Other debtors 9,313 118,871
20,923 126,520

7. Current asset investments
2018 2017
£ £
Listed investments 5,829 5,829

8. Creditors: amounts falling due within one year
2018 2017
£ £
Bank loans and overdrafts 226,267 -
Trade creditors 1,833 9,116
Taxation and social security 5,814 347,249
Other creditors 225,279 241,269
459,193 597,634

MARFANI & CO LIMITED (REGISTERED NUMBER: 00771488)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


9. Reserves
Capital
Retained redemption Other Fair value
earnings reserve reserves reserve Totals
£ £ £ £ £

At 1 March 2017 2,395,817 2,750 2,630 106,890 2,508,087
Profit for the year 47,934 - - - 47,934
Dividends (22,074 ) - - - (22,074 )
Deferred tax on rev prop in yr (4,600 ) - - 4,600 -
At 28 February 2018 2,417,077 2,750 2,630 111,490 2,533,947