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REGISTERED NUMBER: 09845655 (England and Wales)














6 MARLBOROUGH PLACE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024






6 MARLBOROUGH PLACE LTD (REGISTERED NUMBER: 09845655)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


6 MARLBOROUGH PLACE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024







DIRECTORS: M A Allen
D M Allen
A C George
J Golesworthy
C K Marsh
J L Thompson



REGISTERED OFFICE: 6 Marlborough Place
Brighton
East Sussex
BN1 1UB



REGISTERED NUMBER: 09845655 (England and Wales)



ACCOUNTANTS: Flint Accounting Limited
Chartered Accountants
56 West Street
Shoreham by Sea
West Sussex
BN43 5WG



SOLICITORS: Thompson Allen LLP
6 Marlborough Place
Brighton
BN1 1UB

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
6 MARLBOROUGH PLACE LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 6 Marlborough Place Ltd for the period ended 31 July 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 6 Marlborough Place Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 6 Marlborough Place Ltd and state those matters that we have agreed to state to the Board of Directors of 6 Marlborough Place Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 6 Marlborough Place Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 6 Marlborough Place Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 6 Marlborough Place Ltd. You consider that 6 Marlborough Place Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of 6 Marlborough Place Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Flint Accounting Limited
Chartered Accountants
56 West Street
Shoreham by Sea
West Sussex
BN43 5WG


6 August 2024

6 MARLBOROUGH PLACE LTD (REGISTERED NUMBER: 09845655)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 5,529
Investment property 6 - 875,000
- 880,529

CURRENT ASSETS
Debtors 7 - 5,118
Cash at bank 153,179 34,110
153,179 39,228
CREDITORS
Amounts falling due within one year 8 314 46,623
NET CURRENT ASSETS/(LIABILITIES) 152,865 (7,395 )
TOTAL ASSETS LESS CURRENT LIABILITIES 152,865 873,134

CREDITORS
Amounts falling due after more than one year 9 - (714,571 )

PROVISIONS FOR LIABILITIES - (1,323 )
NET ASSETS 152,865 157,240

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 11 - 74,208
Retained earnings 11 151,865 82,032
SHAREHOLDERS' FUNDS 152,865 157,240

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

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

6 MARLBOROUGH PLACE LTD (REGISTERED NUMBER: 09845655)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


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 6 August 2024 and were signed on its behalf by:




A C George - Director C K Marsh - Director




M A Allen - Director J L Thompson - Director




J Golesworthy - Director D M Allen - Director


6 MARLBOROUGH PLACE LTD (REGISTERED NUMBER: 09845655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024


1. STATUTORY INFORMATION

6 Marlborough Place Ltd 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.

Turnover
Turnover represents rental income receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33.33% on cost
Fixtures, fittings & integral features - 15% on reducing balance
Computer equipment - 33.33% on cost

At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are properties held to earn rentals and for capital appreciation.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.


6 MARLBOROUGH PLACE LTD (REGISTERED NUMBER: 09845655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

6 MARLBOROUGH PLACE LTD (REGISTERED NUMBER: 09845655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Office & integral Computer
equipment features equipment Totals
£    £    £    £   
COST
At 1 November 2023 9,748 20,292 2,214 32,254
Disposals (9,748 ) (20,292 ) (2,214 ) (32,254 )
At 31 July 2024 - - - -
DEPRECIATION
At 1 November 2023 9,748 14,763 2,214 26,725
Eliminated on disposal (9,748 ) (14,763 ) (2,214 ) (26,725 )
At 31 July 2024 - - - -
NET BOOK VALUE
At 31 July 2024 - - - -
At 31 October 2023 - 5,529 - 5,529

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 875,000
Disposals (875,000 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 October 2023 875,000

The historic cost of the investment property was £799,469. On 8 July 2024 the investment property was sold for £875,000.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 776
Other debtors - 4,342
- 5,118

6 MARLBOROUGH PLACE LTD (REGISTERED NUMBER: 09845655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 17,939
Trade creditors - 908
Taxation and social security 314 -
Other creditors - 27,776
314 46,623

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 354,219
Other creditors - 360,352
- 714,571

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 269,372

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 372,158

Following the repayment of the bank loan, all charges over the company assets were satisfied and released.

6 MARLBOROUGH PLACE LTD (REGISTERED NUMBER: 09845655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024


11. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 November 2023 82,032 74,208 156,240
Deficit for the period (4,375 ) - (4,375 )
Transfer between reserves 74,208 (74,208 ) -
At 31 July 2024 151,865 - 151,865

Other reserves brought forward represented the unrealised gain net of deferred taxation on the investment property.These reserves were transferred to retained earnings following the sale of the property.

12. RELATED PARTY DISCLOSURES

Shareholders loans brought forward totalling £360,352 were repaid during the period.