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REGISTERED NUMBER: 04191842 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Lower Marsh Limited

Lower Marsh Limited (Registered number: 04191842)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lower Marsh Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R A Josephs
B Stanislaus





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 04191842 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Lower Marsh Limited (Registered number: 04191842)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 933 -
Investments 6 407,700 407,700
Investment property 7 315,000 315,000
723,633 722,700

CURRENT ASSETS
Debtors 8 504,587 431,505
Cash at bank and in hand 11,789 93,774
516,376 525,279
CREDITORS
Amounts falling due within one year 9 (633,199 ) (638,105 )
NET CURRENT LIABILITIES (116,823 ) (112,826 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

606,810

609,874

CREDITORS
Amounts falling due after more than one
year

10

(562,883

)

(571,883

)
NET ASSETS 43,927 37,991

CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve 13 35,742 35,742
Retained earnings 13 8,183 2,247
SHAREHOLDERS' FUNDS 43,927 37,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Lower Marsh Limited (Registered number: 04191842)

Balance Sheet - continued
31 October 2023


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 30 July 2024 and were signed on its behalf by:





R A Josephs - Director


Lower Marsh Limited (Registered number: 04191842)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Lower Marsh 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents income received from the rental of investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,399
At 31 October 2023 1,399
DEPRECIATION
Charge for year 466
At 31 October 2023 466
NET BOOK VALUE
At 31 October 2023 933

Lower Marsh Limited (Registered number: 04191842)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. FIXED ASSET INVESTMENTS

31.10.23 31.10.22
£    £   
Other investments not loans 407,700 407,700

Additional information is as follows:
Unlisted
investments
£   
COST
At 1 November 2022
and 31 October 2023 400,000
NET BOOK VALUE
At 31 October 2023 400,000
At 31 October 2022 400,000

Investments (neither listed nor unlisted) were as follows:
31.10.23 31.10.22
£    £   
Freehold title 7,700 7,700

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 315,000
NET BOOK VALUE
At 31 October 2023 315,000
At 31 October 2022 315,000

The investment properties are valued annually by the director on an open market existing use basis.

The historical cost of the investment properties amount to £279,258 (2022 - £279,258).

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 504,587 431,505

Lower Marsh Limited (Registered number: 04191842)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,000 9,000
Taxation and social security 65,663 48,319
Other creditors 558,536 580,786
633,199 638,105

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 15,750 24,750
Other creditors 547,133 547,133
562,883 571,883

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 547,133 547,133

11. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Mortgages 547,133 547,133

The loans are secured over the company's investment properties and all other future assets of the company. Interest is payable at an average of 3.52% per annum. The loans are repayable between 2031 and 2033.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1 2 2

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 2,247 35,742 37,989
Profit for the year 45,936 45,936
Dividends (40,000 ) (40,000 )
At 31 October 2023 8,183 35,742 43,925

Lower Marsh Limited (Registered number: 04191842)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
R A Josephs
Balance outstanding at start of year (3,085 ) 9,915
Amounts advanced 27,245 -
Amounts repaid (24,300 ) (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (140 ) (3,085 )

B Stanislaus
Balance outstanding at start of year 53,480 93,280
Amounts advanced 87,733 -
Amounts repaid (24,300 ) (39,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116,913 53,480

Interest is charged on the directors' advances at 2.5% per annum.

15. RELATED PARTY DISCLOSURES

Other creditors include £523,467 (2022 - £543,039) owing to Joel Investments Ltd, which is connected company.

Other debtors include £6,978 (2022 - £6,978) due from Paddock Works Ltd and £107,915 (2022 - £104,915) due from Joel Developments Ltd, which are connected companies.