Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3125300002530000Property investment2023-01-01false00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03688749 2023-01-01 2023-12-31 03688749 2022-01-01 2022-12-31 03688749 2023-12-31 03688749 2022-12-31 03688749 c:CompanySecretary1 2023-01-01 2023-12-31 03688749 c:Director1 2023-01-01 2023-12-31 03688749 c:Director2 2023-01-01 2023-12-31 03688749 c:RegisteredOffice 2023-01-01 2023-12-31 03688749 d:FreeholdInvestmentProperty 2023-12-31 03688749 d:FreeholdInvestmentProperty 2022-12-31 03688749 d:LeaseholdInvestmentProperty 2023-12-31 03688749 d:LeaseholdInvestmentProperty 2022-12-31 03688749 d:CurrentFinancialInstruments 2023-12-31 03688749 d:CurrentFinancialInstruments 2022-12-31 03688749 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03688749 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03688749 d:ShareCapital 2023-12-31 03688749 d:ShareCapital 2022-12-31 03688749 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03688749 d:RetainedEarningsAccumulatedLosses 2023-12-31 03688749 d:RetainedEarningsAccumulatedLosses 2022-12-31 03688749 d:OtherDeferredTax 2023-12-31 03688749 d:OtherDeferredTax 2022-12-31 03688749 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03688749 c:OrdinaryShareClass1 2023-12-31 03688749 c:OrdinaryShareClass1 2022-12-31 03688749 c:FRS102 2023-01-01 2023-12-31 03688749 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03688749 c:FullAccounts 2023-01-01 2023-12-31 03688749 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03688749 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03688749














MARONBRIDGE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
MARONBRIDGE LIMITED
 
 
COMPANY INFORMATION


Directors
E B Grower 
D M Mutkin 




Company secretary
E B Grower



Registered number
03688749



Registered office
30 Oakridge Avenue

Radlett

Hertfordshire

WD7 8ER





 
MARONBRIDGE LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 
MARONBRIDGE LIMITED
REGISTERED NUMBER: 03688749

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,265,000
1,265,000

Current assets
  

Debtors: amounts falling due within one year
 5 
3,148
1,487

Cash at bank and in hand
  
21,793
34,805

  
24,941
36,292

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(11,783)
(12,022)

Net current assets
  
 
 
13,158
 
 
24,270

Total assets less current liabilities
  
1,278,158
1,289,270

Provisions for liabilities
  

Deferred tax
 7 
(106,137)
(106,137)

Net assets
  
1,172,021
1,183,133


Capital and reserves
  

Called up share capital 
 8 
70
70

Profit and loss account
 9 
1,171,951
1,183,063

  
1,172,021
1,183,133


Page 1

 
MARONBRIDGE LIMITED
REGISTERED NUMBER: 03688749
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 February 2024.




E B Grower
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MARONBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Maronbridge Limited is a private limited liability company incorporated in England and Wales with its registered office address at 30 Oakridge Avenue, Radlett, Hertfordshire, WD7 8ER.
The principal activity of the Company is property investment.
The functional and presentational currency of the Company is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises rental income exclusive of VAT.
Revenue is recognised in the period to which it relates.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MARONBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

 
2.8

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 4

 
MARONBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 January 2023
675,000
590,000
1,265,000



At 31 December 2023
675,000
590,000
1,265,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
532,699
532,699


5.


Debtors

2023
2022
£
£


Other debtors
264
528

Prepayments and accrued income
2,884
959

3,148
1,487



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
8,184
7,418

Other creditors
-
1,274

Accruals and deferred income
3,599
3,330

11,783
12,022


Page 5

 
MARONBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Deferred taxation




(As restated)  2022


£






At beginning of year
106,137



At end of year
106,137

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value movements
106,137
106,137


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



70 (2022 - 70) Ordinary shares of £1.00 each
70
70



9.


Reserves

Profit and loss account

Included in profit and loss reserves are non-distributable fair value adjustments amounting to £626,165 (2022 - £626,165).

 
Page 6