Marran Properties (Cornwall) Limited 11747141 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is letting and operating of real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 11747141 2023-02-01 2024-01-31 11747141 2024-01-31 11747141 core:RetainedEarningsAccumulatedLosses 2024-01-31 11747141 core:ShareCapital 2024-01-31 11747141 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11747141 bus:SmallEntities 2023-02-01 2024-01-31 11747141 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11747141 bus:FullAccounts 2023-02-01 2024-01-31 11747141 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11747141 bus:RegisteredOffice 2023-02-01 2024-01-31 11747141 bus:Director1 2023-02-01 2024-01-31 11747141 bus:Director2 2023-02-01 2024-01-31 11747141 bus:Director3 2023-02-01 2024-01-31 11747141 bus:Director4 2023-02-01 2024-01-31 11747141 bus:Director5 2023-02-01 2024-01-31 11747141 bus:Director6 2023-02-01 2024-01-31 11747141 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11747141 countries:EnglandWales 2023-02-01 2024-01-31 11747141 2022-02-01 2023-01-31 11747141 2023-01-31 11747141 core:RetainedEarningsAccumulatedLosses 2023-01-31 11747141 core:ShareCapital 2023-01-31 11747141 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 11747141

Marran Properties (Cornwall) Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

Marran Properties (Cornwall) Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Marran Properties (Cornwall) Limited

(Registration number: 11747141)
Abridged Balance Sheet as at 31 January 2024

2024
£

2023
£

Fixed assets

Investment property

1,820,000

1,820,000

Current assets

Cash at bank and in hand

12,907

11,022

Creditors: Amounts falling due within one year

(1,340,646)

(1,440,463)

Net current liabilities

(1,327,739)

(1,429,441)

Net assets

492,261

390,559

Capital and reserves

Called up share capital

600

600

Profit and loss account

491,661

389,959

Total equity

492,261

390,559

For the financial year ending 31 January 2024 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Marran Properties (Cornwall) Limited

(Registration number: 11747141)
Abridged Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

Mr R Fraser

Director

Mrs R F Rickard

Director

Mr A Todd

Director

Mrs N Paull

Director

Mr M Phippen

Director

Mr A Cornelius

Director

 

Marran Properties (Cornwall) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 19 September 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis despite there being net current liabilities. Included in creditors is an amount owed to the company's directors. The directors have no intention of recalling this amount in the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Marran Properties (Cornwall) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).