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REGISTERED NUMBER: 11380295 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MARPROP PARTNERS LIMITED

MARPROP PARTNERS LIMITED (REGISTERED NUMBER: 11380295)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARPROP PARTNERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: I R Marris
Mrs A Marris





REGISTERED OFFICE: 10 London Mews
Paddington
LONDON
W2 1HY





REGISTERED NUMBER: 11380295 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

MARPROP PARTNERS LIMITED (REGISTERED NUMBER: 11380295)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,892 -
Investments 5 2,128,883 1,708,794
2,143,775 1,708,794

CURRENT ASSETS
Debtors 6 628,723 181,822
Cash at bank 484,007 1,208,446
1,112,730 1,390,268
CREDITORS
Amounts falling due within one year 7 2,619,185 2,637,776
NET CURRENT LIABILITIES (1,506,455 ) (1,247,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,320

461,286

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 637,220 461,186
SHAREHOLDERS' FUNDS 637,320 461,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 3 August 2023 and were signed on its behalf by:



I R Marris - Director


MARPROP PARTNERS LIMITED (REGISTERED NUMBER: 11380295)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Marprop Partners 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the directors believe that adequate cash resources will be available to cover the company's requirements for working capital expenditure for at least the next twelve months.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Rendering of services
Revenue for providing services are recognised when the service has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Furniture, fixtures & fittings - 15% reducing balance

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade debtors, other creditors and investments.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss 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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed asset investments
Fixed asset investments are stated at cost less impairment in value.

MARPROP PARTNERS LIMITED (REGISTERED NUMBER: 11380295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
fixtures
& fittings
£   
COST
Additions 17,520
At 31 March 2023 17,520
DEPRECIATION
Charge for year 2,628
At 31 March 2023 2,628
NET BOOK VALUE
At 31 March 2023 14,892

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2022 1,708,794
Additions 420,089
At 31 March 2023 2,128,883
NET BOOK VALUE
At 31 March 2023 2,128,883
At 31 March 2022 1,708,794

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 628,723 181,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security - 20,383
Other creditors 2,619,185 2,617,393
2,619,185 2,637,776

MARPROP PARTNERS LIMITED (REGISTERED NUMBER: 11380295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 A Ordinary £1 50 50

9. RESERVES

Other than dividends, the only movement in retained earnings is the result for the period.

10. RELATED PARTY DISCLOSURES

As at 31 March 2023 the company owed the directors £2,615,436 (2022: £2,613,358). No interest is payable on the loans which are repayable on demand.