Registered number
11242838
Marchmont Property Services Limited
Filleted Accounts
31 March 2024
Marchmont Property Services Limited
Company Information
Director
Mr J Cook
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
3 Coburn Gardens
Cheltenham
Glos
Registered number
11242838
Marchmont Property Services Limited
Registered number: 11242838
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 775,000 745,000
Current assets
Cash at bank and in hand 9,788 19,038
Creditors: amounts falling due within one year 4 (7,051) (4,377)
Net current assets 2,737 14,661
Total assets less current liabilities 777,737 759,661
Creditors: amounts falling due after more than one year 5 (588,707) (624,707)
Provisions for liabilities (44,000) (28,000)
Net assets 145,030 106,954
Capital and reserves
Called up share capital 10 10
Revaluation reserve 6 132,810 118,810
Profit and loss account 12,210 (11,866)
Shareholder's funds 145,030 106,954
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Cook
Director
Approved by the board on 30 April 2024
Marchmont Property Services Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold property nil
Equipment over four years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Freehold property Equipment Total
£ £ £
Cost
At 1 April 2023 745,000 1,119 746,119
Surplus on revaluation 30,000 - 30,000
At 31 March 2024 775,000 1,119 776,119
Depreciation
At 1 April 2023 - 1,119 1,119
At 31 March 2024 - 1,119 1,119
Net book value
At 31 March 2024 775,000 - 775,000
At 31 March 2023 745,000 - 745,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,863 -
Other creditors 4,188 4,377
7,051 4,377
5 Creditors: amounts falling due after one year 2024 2023
£ £
Mortgage secured on freehold property - 294,013
Associated company loan 588,707 330,694
588,707 624,707
6 Revaluation reserve 2024 2023
£ £
At 1 April 2023 118,810 82,466
Gain on revaluation of land and buildings 30,000 45,000
Deferred taxation arising on the revaluation of land and buildings (16,000) (8,656)
At 31 March 2024 132,810 118,810
7 Related party transactions
The company continued to benefit from intercomapny loans from Marchmont Services Limited which is wholly owned and controlled by Mr J Cook.
8 Controlling party
The company is controlled by Mr J Cook.
9 Other information
Marchmont Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Coburn Gardens
Cheltenham
Glos
Marchmont Property Services Limited 11242838 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2022 No description of principal activity 11242838 2022-04-01 2023-03-31 11242838 core:RevaluationReserve core:LandBuildings 2022-04-01 2023-03-31 11242838 core:RevaluationReserve 2022-04-01 2023-03-31 11242838 core:WithinOneYear 2023-03-31 11242838 core:AfterOneYear 2023-03-31 11242838 core:ShareCapital 2023-03-31 11242838 core:OtherReservesSubtotal 2023-03-31 11242838 core:RetainedEarningsAccumulatedLosses 2023-03-31 11242838 core:RevaluationReserve 2022-03-31 11242838 2023-04-01 2024-03-31 11242838 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11242838 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11242838 bus:Director1 2023-04-01 2024-03-31 11242838 2 2023-04-01 2024-03-31 11242838 core:LandBuildings 2023-04-01 2024-03-31 11242838 core:PlantMachinery 2023-04-01 2024-03-31 11242838 core:RevaluationReserve core:LandBuildings 2023-04-01 2024-03-31 11242838 core:RevaluationReserve 2023-04-01 2024-03-31 11242838 countries:England 2023-04-01 2024-03-31 11242838 bus:FRS102 2023-04-01 2024-03-31 11242838 bus:FullAccounts 2023-04-01 2024-03-31 11242838 2024-03-31 11242838 core:WithinOneYear 2024-03-31 11242838 core:AfterOneYear 2024-03-31 11242838 core:ShareCapital 2024-03-31 11242838 core:OtherReservesSubtotal 2024-03-31 11242838 core:RetainedEarningsAccumulatedLosses 2024-03-31 11242838 core:LandBuildings 2024-03-31 11242838 core:PlantMachinery 2024-03-31 11242838 core:RevaluationReserve 2024-03-31 11242838 2023-03-31 11242838 core:LandBuildings 2023-03-31 11242838 core:PlantMachinery 2023-03-31 11242838 core:RevaluationReserve 2023-03-31 iso4217:GBP xbrli:pure