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REGISTERED NUMBER: 07276895 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARYLEBONE PROPERTIES OVERSEAS LIMITED

MARYLEBONE PROPERTIES OVERSEAS LIMITED (REGISTERED NUMBER: 07276895)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARYLEBONE PROPERTIES OVERSEAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R R Shah MSc FRICS
J T Wood B.LandEc MRICS
Mrs N Shah





SECRETARIES: Mrs N Thanki
V B Vaghela





REGISTERED OFFICE: 55A Welbeck Street
London
W1G 9XQ





REGISTERED NUMBER: 07276895 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

MARYLEBONE PROPERTIES OVERSEAS LIMITED (REGISTERED NUMBER: 07276895)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,155 19,576
Investments 5 100 100
3,255 19,676

CURRENT ASSETS
Debtors 6 1,151,276 994,495
Cash at bank 691,311 833,814
1,842,587 1,828,309
CREDITORS
Amounts falling due within one year 7 521,811 565,327
NET CURRENT ASSETS 1,320,776 1,262,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,324,031

1,282,658

PROVISIONS FOR LIABILITIES 9 788 3,657
NET ASSETS 1,323,243 1,279,001

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,323,143 1,278,901
SHAREHOLDERS' FUNDS 1,323,243 1,279,001

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

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

MARYLEBONE PROPERTIES OVERSEAS LIMITED (REGISTERED NUMBER: 07276895)

BALANCE SHEET - continued
31 DECEMBER 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 13 September 2024 and were signed on its behalf by:





R R Shah MSc FRICS - Director


MARYLEBONE PROPERTIES OVERSEAS LIMITED (REGISTERED NUMBER: 07276895)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Marylebone Properties Overseas 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.

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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Marylebone Properties Overseas Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER
Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the duration of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES
Investments in subsidiary and associate undertakings are recognised at cost.

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 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.

MARYLEBONE PROPERTIES OVERSEAS LIMITED (REGISTERED NUMBER: 07276895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 153,726 24,790 13,524 192,040
DEPRECIATION
At 1 January 2023 138,357 21,582 12,525 172,464
Charge for year 15,369 802 250 16,421
At 31 December 2023 153,726 22,384 12,775 188,885
NET BOOK VALUE
At 31 December 2023 - 2,406 749 3,155
At 31 December 2022 15,369 3,208 999 19,576

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,151,276 994,495

MARYLEBONE PROPERTIES OVERSEAS LIMITED (REGISTERED NUMBER: 07276895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,889 48,340
Amounts owed to group undertakings 267,520 267,520
Taxation and social security 22,647 24,902
Other creditors 228,755 224,565
521,811 565,327

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 20,493 -
Between one and five years - 88,493
20,493 88,493

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 788 3,657

Deferred
tax
£   
Balance at 1 January 2023 3,657
Provided during year (2,869 )
Decelerated capital allowances
Balance at 31 December 2023 788

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the company was owed £765,000 (2022 - £766,050) by companies of which R R Shah is a director.

At the balance sheet date, the company owed £197,259 (2022 - £197,259) to a company of which R R Shah is a director.

11. ULTIMATE CONTROLLING PARTY

The controlling party is R R Shah MSc FRICS.