IRIS Accounts Production v24.2.0.383 10640347 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106403472023-03-31106403472024-03-31106403472023-04-012024-03-31106403472022-03-31106403472022-04-012023-03-31106403472023-03-3110640347ns15:EnglandWales2023-04-012024-03-3110640347ns14:PoundSterling2023-04-012024-03-3110640347ns10:Director12023-04-012024-03-3110640347ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110640347ns10:SmallEntities2023-04-012024-03-3110640347ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110640347ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110640347ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110640347ns10:FullAccounts2023-04-012024-03-3110640347ns10:Director22023-04-012024-03-3110640347ns10:RegisteredOffice2023-04-012024-03-3110640347ns5:CurrentFinancialInstruments2024-03-3110640347ns5:CurrentFinancialInstruments2023-03-3110640347ns5:Non-currentFinancialInstruments2024-03-3110640347ns5:Non-currentFinancialInstruments2023-03-3110640347ns5:ShareCapital2024-03-3110640347ns5:ShareCapital2023-03-3110640347ns5:RevaluationReserve2024-03-3110640347ns5:RevaluationReserve2023-03-3110640347ns5:RetainedEarningsAccumulatedLosses2024-03-3110640347ns5:RetainedEarningsAccumulatedLosses2023-03-3110640347ns5:ComputerEquipment2023-04-012024-03-3110640347ns5:PlantMachinery2023-03-3110640347ns5:ComputerEquipment2023-03-3110640347ns5:PlantMachinery2023-04-012024-03-3110640347ns5:PlantMachinery2024-03-3110640347ns5:ComputerEquipment2024-03-3110640347ns5:PlantMachinery2023-03-3110640347ns5:ComputerEquipment2023-03-3110640347ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110640347ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3110640347ns5:Non-currentFinancialInstruments2023-04-012024-03-3110640347ns5:DeferredTaxation2023-04-012024-03-3110640347ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 10640347 (England and Wales)
















Marrostera Investment Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Marrostera Investment Limited (Registered number: 10640347)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Marrostera Investment Limited

Company Information
for the Year Ended 31st March 2024







Directors: Mr M M Willems
Mrs. S M Sequeira





Registered office: 18 Queens Walk
London
NW9 8ER





Registered number: 10640347 (England and Wales)





Accountants: AN Accountancy
Accountants
4th Floor
100 Fenchurch Street
London
United Kingdom
EC3M 5JD

Marrostera Investment Limited (Registered number: 10640347)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 10,584 14,112
Investment property 5 1,855,000 1,641,000
1,865,584 1,655,112

Current assets
Debtors 6 - 34,347
Cash at bank 9,144 23,924
9,144 58,271
Creditors
Amounts falling due within one year 7 703,510 364,170
Net current liabilities (694,366 ) (305,899 )
Total assets less current liabilities 1,171,218 1,349,213

Creditors
Amounts falling due after more than one
year

8

(1,131,453

)

(1,374,137

)

Provisions for liabilities 9 (7,845 ) -
Net assets/(liabilities) 31,920 (24,924 )

Capital and reserves
Called up share capital 200 200
Revaluation reserve 128,864 63,069
Retained earnings (97,144 ) (88,193 )
31,920 (24,924 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

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

Marrostera Investment Limited (Registered number: 10640347)

Statement of Financial Position - continued
31st 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 18th September 2024 and were signed on its behalf by:





Mr M M Willems - Director


Marrostera Investment Limited (Registered number: 10640347)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Marrostera Investment 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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Marrostera Investment Limited (Registered number: 10640347)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. Employees and directors

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

4. Tangible fixed assets
Rental
property Computer
furniture equipment Totals
£    £    £   
Cost
At 1st April 2023
and 31st March 2024 21,564 2,212 23,776
Depreciation
At 1st April 2023 8,585 1,079 9,664
Charge for year 3,245 283 3,528
At 31st March 2024 11,830 1,362 13,192
Net book value
At 31st March 2024 9,734 850 10,584
At 31st March 2023 12,979 1,133 14,112

5. Investment property
Total
£   
Fair value
At 1st April 2023 1,641,000
Additions 140,360
Revaluations 73,640
At 31st March 2024 1,855,000
Net book value
At 31st March 2024 1,855,000
At 31st March 2023 1,641,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 1,855,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,577,931 1,577,931

The investment property was valued on an open market basis on 31st March 2023 by the director .

Marrostera Investment Limited (Registered number: 10640347)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors - 34,347

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Other creditors 703,510 364,170

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 1,131,453 1,374,137

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 1,131,453 1,374,137

The company's mortgage loans are advanced on an interest only basis.

The mortgage loans are repayable in equal monthly instalments over twenty five years, with interest charged at a fixed rate.

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 7,845 -

Deferred
tax
£   
Provided during year 7,845
Balance at 31st March 2024 7,845