Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30No description of principal activity2022-12-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03880624 2022-12-01 2023-11-30 03880624 2021-12-01 2022-11-30 03880624 2023-11-30 03880624 2022-11-30 03880624 c:Director1 2022-12-01 2023-11-30 03880624 d:Buildings 2022-12-01 2023-11-30 03880624 d:FurnitureFittings 2022-12-01 2023-11-30 03880624 d:FurnitureFittings 2023-11-30 03880624 d:FurnitureFittings 2022-11-30 03880624 d:OfficeEquipment 2022-12-01 2023-11-30 03880624 d:OfficeEquipment 2023-11-30 03880624 d:OfficeEquipment 2022-11-30 03880624 d:CurrentFinancialInstruments 2023-11-30 03880624 d:CurrentFinancialInstruments 2022-11-30 03880624 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 03880624 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 03880624 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 03880624 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 03880624 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 03880624 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 03880624 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 03880624 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 03880624 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 03880624 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 03880624 d:ShareCapital 2023-11-30 03880624 d:ShareCapital 2022-11-30 03880624 d:RetainedEarningsAccumulatedLosses 2023-11-30 03880624 d:RetainedEarningsAccumulatedLosses 2022-11-30 03880624 c:FRS102 2022-12-01 2023-11-30 03880624 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 03880624 c:FullAccounts 2022-12-01 2023-11-30 03880624 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03880624 2 2022-12-01 2023-11-30 03880624 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 03880624










MAREX PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023



 
MAREX PROPERTIES LIMITED
REGISTERED NUMBER: 03880624

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
530,165
530,165

  
530,165
530,165

Current assets
  

Debtors: amounts falling due within one year
 6 
6,659
13,396

Cash at bank and in hand
  
40,205
53,795

  
46,864
67,191

Creditors: amounts falling due within one year
 7 
(148,574)
(183,433)

Net current liabilities
  
 
 
(101,710)
 
 
(116,242)

Total assets less current liabilities
  
428,455
413,923

Creditors: amounts falling due after more than one year
  
(169,417)
(185,366)

  

Net assets
  
259,038
228,557


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
259,036
228,555

  
259,038
228,557


Page 1

 
MAREX PROPERTIES LIMITED
REGISTERED NUMBER: 03880624
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 July 2024.




A C Lyons
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MAREX PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
MAREX PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Fixtures & fittings
-
10%
straight line
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
MAREX PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

Marex Properties Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 03880624
The address of its Registered office is:
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
MAREX PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£





At 1 December 2022
69,054
341
69,395


Disposals
(69,054)
(341)
(69,395)



At 30 November 2023

-
-
-





At 1 December 2022
69,054
341
69,395


Disposals
(69,054)
(341)
(69,395)



At 30 November 2023

-
-
-



Net book value



At 30 November 2023
-
-
-



At 30 November 2022
-
-
-

Page 6

 
MAREX PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 December 2022
530,165



At 30 November 2023
530,165





6.


Debtors

2023
2022
£
£


Trade debtors
5,250
11,987

Prepayments and accrued income
1,409
1,409

6,659
13,396



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
18,581
18,581

Trade creditors
4,338
9,151

Corporation tax
8,337
11,372

Other taxation and social security
3,423
2,304

Other creditors
108,333
137,730

Accruals and deferred income
5,562
4,295

148,574
183,433


Page 7

 
MAREX PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
18,581
18,581


18,581
18,581

Amounts falling due 1-2 years

Bank loans
19,081
19,081


19,081
19,081

Amounts falling due 2-5 years

Bank loans
58,443
58,443


58,443
58,443

Amounts falling due after more than 5 years

Bank loans
9,393
25,344

9,393
25,344

105,498
121,449


 
Page 8