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REGISTERED NUMBER: 09350614 (England and Wales)















MARCONI PROPERTY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






MARCONI PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09350614)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARCONI PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms G A Chester
Ms F Knight





REGISTERED OFFICE: 6 Marconi Gate
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0FZ





REGISTERED NUMBER: 09350614 (England and Wales)

MARCONI PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09350614)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,601 2,008

CURRENT ASSETS
Debtors 5 11,530 10,769
Cash at bank and in hand 6,065 102
17,595 10,871
CREDITORS
Amounts falling due within one year 6 (10,250 ) (11,670 )
NET CURRENT ASSETS/(LIABILITIES) 7,345 (799 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,946 1,209

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8,944 1,207
SHAREHOLDERS' FUNDS 8,946 1,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:



Ms G A Chester - Director


MARCONI PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09350614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Marconi Property Services 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and Straight line over 5 years

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Rental income from operating leases is recognised on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MARCONI PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09350614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income
When the outcome of a transaction can be estimated reliably, turnover from rental income is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the the tenants' monthly occupancy.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Accounting period
The previous accounting period was shortened from 31 May 2023 (12 months) to 31 March 2023 (10 months). As such, the comparatives are not entirely comparable. The change was made to align the company's year end with the statutory tax year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 28,392
Additions 169
At 31 March 2024 28,561
DEPRECIATION
At 1 April 2023 26,384
Charge for year 576
At 31 March 2024 26,960
NET BOOK VALUE
At 31 March 2024 1,601
At 31 March 2023 2,008

MARCONI PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09350614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,700 2,700
Amounts owed by associates 38 38
VAT 11 1,021
Prepayments and accrued income 6,781 7,010
11,530 10,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 3,163
Trade creditors 185 176
Tax 1,910 326
Other creditors 3,000 3,000
Accruals and deferred income 5,155 5,005
10,250 11,670

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £23,757 (2023 - £52,266).