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Registration number: 12216405

Maral Property Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Maral Property Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Maral Property Management Limited

Company Information

Directors

Miss Alison Lorraine Hall

Mr Martyn Douglas Hall

Mrs Julia Margaret Hall

Registered office

Westland Court
2 Shady Lane
Watford
Hertfordshire
WD17 1DH

Accountants

RS Partnership Ltd
Chartered Certified Accountants
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

 

Maral Property Management Limited

(Registration number: 12216405)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

40,000

40,000

Current assets

 

Cash at bank and in hand

 

100

100

Net assets

 

40,100

40,100

Capital and reserves

 

Called up share capital

5

100

100

Revaluation reserve

40,000

40,000

Shareholders' funds

 

40,100

40,100

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 April 2024 and signed on its behalf by:
 

.........................................
Mr Martyn Douglas Hall
Director

 

Maral Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westland Court
2 Shady Lane
Watford
Hertfordshire
WD17 1DH
England

The principal place of business is:
Westland Court
2 Shady Lane
Watford
Hertfordshire
WD17 1DH
England

These financial statements were authorised for issue by the Board on 9 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Maral Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investment properties

2023
£

At 1 September

40,000

At 31 August

40,000

The company holds the freehold of a property that has been leased to the holding company, Lettings Plus Property Management Services Ltd. The Directors have revalued the Freehold.

There has been no valuation of investment property by an independent valuer.

 

Maral Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows: