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REGISTERED NUMBER: 02810530 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Markmanor Limited

Markmanor Limited (Registered number: 02810530)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Markmanor Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J P Malovany





SECRETARY: C L Malovany





REGISTERED OFFICE: Grant House
Felday Road
Abinger Hammer
Dorking
Surrey
RH5 6QP





REGISTERED NUMBER: 02810530 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Markmanor Limited (Registered number: 02810530)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,480 1,949
Investments 5 764,320 764,320
Investment property 6 1,300,000 1,300,000
2,065,800 2,066,269

CURRENT ASSETS
Debtors 7 5,225 5,202
Cash at bank 76,766 15,847
81,991 21,049
CREDITORS
Amounts falling due within one year 8 (746,616 ) (700,428 )
NET CURRENT LIABILITIES (664,625 ) (679,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,401,175

1,386,890

PROVISIONS FOR LIABILITIES (143,000 ) (109,000 )
NET ASSETS 1,258,175 1,277,890

CAPITAL AND RESERVES
Called up share capital 2,200 2,200
Share premium 217,800 217,800
Non-distributable reserve 817,397 851,397
Retained earnings 220,778 206,493
1,258,175 1,277,890

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 director acknowledges his 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.

Markmanor Limited (Registered number: 02810530)

Statement of Financial Position - continued
31 March 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 director and authorised for issue on 8 August 2024 and were signed by:





J P Malovany - Director


Markmanor Limited (Registered number: 02810530)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Markmanor 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable from third parties. The company is not registered for VAT. Rents received in respect of future periods are deferred within creditors in the Statement of Financial Position.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the income statement.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is stated at its fair value at the reporting end date. Fair value movements are recognised in the Income Statement.

Taxation
Taxation for the year 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 the 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.

Markmanor Limited (Registered number: 02810530)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 31,781
DEPRECIATION
At 1 April 2023 29,832
Charge for year 469
At 31 March 2024 30,301
NET BOOK VALUE
At 31 March 2024 1,480
At 31 March 2023 1,949

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 764,320
NET BOOK VALUE
At 31 March 2024 764,320
At 31 March 2023 764,320

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,300,000
NET BOOK VALUE
At 31 March 2024 1,300,000
At 31 March 2023 1,300,000

Investment property comprises of four flats. The fair value of investment property has been arrived at on the basis of a valuation by the director, which is carried out annually. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Markmanor Limited (Registered number: 02810530)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,225 5,075
Prepayments - 127
5,225 5,202

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 404,674 376,674
Tax 4,044 405
Other creditors 28,000 21,000
Accruals 72,901 65,352
Deferred income 4,400 4,400
Other loans 232,597 232,597
746,616 700,428

9. RELATED PARTY DISCLOSURES

The company secretary C L Malovany has lent funds to the company which as at 31 March 2024 totalled £232,597 (2023: £232,597). Interest at 5.5% was charged during the year. The loan is unsecured and repayable on demand.

During the year, management charges of £7,000 (2023: £7,000) were payable to a company under common control. The amount owing at the year end in respect of these items are represented by the other creditors balance.

Included in accruals are amounts in relation to a company under common control, relating to service charges, totalling £41,750 (2023: £31,200).

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.