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REGISTERED NUMBER: 00809095 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GREGORY MARCAR (PROPERTIES) LIMITED

GREGORY MARCAR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00809095)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREGORY MARCAR (PROPERTIES) LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: E S P Marcar
Mrs H McCourt
M J Marcar





SECRETARY: Miss D Boothe





REGISTERED OFFICE: Marcar House,
Parkshot
Richmond-upon-Thames
Surrey
TW9 2RG





REGISTERED NUMBER: 00809095 (England and Wales)





ACCOUNTANTS: Crane & Partners
Chartered Accountants
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ

GREGORY MARCAR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00809095)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,274 3,125
Investment property 5 1,750,000 2,900,000
1,752,274 2,903,125

CURRENT ASSETS
Debtors 6 131,759 88,372
Cash at bank 1,076,472 145,100
1,208,231 233,472
CREDITORS
Amounts falling due within one year 7 97,674 64,099
NET CURRENT ASSETS 1,110,557 169,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,862,831

3,072,498

PROVISIONS FOR LIABILITIES 181,674 242,967
NET ASSETS 2,681,157 2,829,531

CAPITAL AND RESERVES
Called up share capital 22,595 22,595
Revaluation reserve 8 1,408,996 1,592,879
Capital redemption reserve 7,405 7,405
Retained earnings 1,242,161 1,206,652
SHAREHOLDERS' FUNDS 2,681,157 2,829,531

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 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.

GREGORY MARCAR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00809095)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




E S P Marcar - Director



M J Marcar - Director


GREGORY MARCAR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00809095)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Gregory Marcar (Properties) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GREGORY MARCAR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00809095)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 112,370
DEPRECIATION
At 1 April 2023 109,245
Charge for year 851
At 31 March 2024 110,096
NET BOOK VALUE
At 31 March 2024 2,274
At 31 March 2023 3,125

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,900,000
Disposals (900,000 )
Revaluations (250,000 )
At 31 March 2024 1,750,000
NET BOOK VALUE
At 31 March 2024 1,750,000
At 31 March 2023 2,900,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,750,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 129,706 88,372
Other debtors 2,053 -
131,759 88,372

GREGORY MARCAR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00809095)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,958 5,815
Other creditors 90,716 58,284
97,674 64,099

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 1,592,879
Deferred tax 61,293
Transfer (245,176 )

At 31 March 2024 1,408,996

9. RELATED PARTY DISCLOSURES

Rent and service charges charges to Marcar Steel and Engineering Ltd, a company in which the directors are also directors, in the sum of £25,280 (2023: £25,007).