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Company Registration No. 09020492 (England and Wales)
Marson Property Ltd Unaudited accounts for the year ended 30 November 2023
Marson Property Ltd Unaudited accounts Contents
Page
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Marson Property Ltd Company Information for the year ended 30 November 2023
Directors
Mr J Sofer Mrs E Sofer
Secretary
Mrs H Sofer
Company Number
09020492 (England and Wales)
Registered Office
15-16 Margaret Street London W1W 8RW England
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Marson Property Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,000 
5,000 
Tangible assets
76,739 
107,738 
Investments
456 
54,717 
82,195 
167,455 
Current assets
Debtors
4,409,273 
3,908,748 
Cash at bank and in hand
1,007,152 
34,455 
5,416,425 
3,943,203 
Creditors: amounts falling due within one year
(3,549,744)
(2,503,038)
Net current assets
1,866,681 
1,440,165 
Net assets
1,948,876 
1,607,620 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,948,776 
1,607,520 
Shareholders' funds
1,948,876 
1,607,620 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Mr J Sofer Director Company Registration No. 09020492
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Marson Property Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Marson Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 09020492. The registered office is 15-16 Margaret Street, London, W1W 8RW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Revenue is recognised only on completion of a project as it is then that it is probable that the economic benefits will flow to the company and the revenue and associated costs can be reliably measured.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Marson Property Ltd Notes to the Accounts for the year ended 30 November 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. Investments in listed shares are initially recorded at costs and subsequently measured at fair value. Investments in unlisted shares are recorded at cost. This is a change of accounting policy as the directors feel that in the current business climate, the fair value of unlisted shares cannot be measured reliably.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
5,000 
At 30 November 2023
5,000 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
5,000 
At 30 November 2022
5,000 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2022
184,265 
Additions
6,798 
At 30 November 2023
191,063 
Depreciation
At 1 December 2022
76,527 
Charge for the year
37,797 
At 30 November 2023
114,324 
Net book value
At 30 November 2023
76,739 
At 30 November 2022
107,738 
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Marson Property Ltd Notes to the Accounts for the year ended 30 November 2023
6
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 December 2022
4 
54,713 
54,717 
Additions
200 
2,274 
2,474 
Fair value adjustments
- 
(56,731)
(56,731)
Disposals
(4)
- 
(4)
Valuation at 30 November 2023
200 
256 
456 
Investments at 30 November 2023 relates to the following investments in shares. Subsidiary undertaking Marson Residential Ltd - incorporated in England and Wales. SD Eastworth House Ltd - incorporated in England and Wales. Other investments This relate to investments in associates and listed shares.
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,547 
- 
Trade debtors
3,533 
4,701 
Other debtors
4,399,193 
3,904,047 
4,409,273 
3,908,748 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
70,825 
3,018 
Taxes and social security
55,455 
88,496 
Other creditors
3,421,464 
2,409,524 
Accruals
2,000 
2,000 
3,549,744 
2,503,038 
Other creditors include amounts aggregating £2,426,383 due to the directors and companies which have a director in common with the company.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Marson Property Ltd Notes to the Accounts for the year ended 30 November 2023
10
Transactions with related parties
Other debtors include amounts aggregating £3,656,957 (2022: £2,967,387) due to companies which have a director in common with the company. The company has taken advantage of the exemptions conferred by FRS 102 Section 1A and has not disclosed details of transactions with group member undertakings.
11
Average number of employees
During the year the average number of employees was 10 (2022: 6).
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