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REGISTERED NUMBER: 12414762 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MARRIOTTS ESTATE AGENTS LTD

MARRIOTTS ESTATE AGENTS LTD (REGISTERED NUMBER: 12414762)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARRIOTTS ESTATE AGENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M C Collins
Mrs S Phillips





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 12414762 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

MARRIOTTS ESTATE AGENTS LTD (REGISTERED NUMBER: 12414762)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,500 13,000
Tangible assets 5 3,862 6,470
10,362 19,470

CURRENT ASSETS
Debtors 6 22,263 16,531
Cash at bank and in hand 74,916 93,063
97,179 109,594
CREDITORS
Amounts falling due within one year 7 67,156 73,193
NET CURRENT ASSETS 30,023 36,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,385

55,871

CREDITORS
Amounts falling due after more than one year 8 (29,631 ) (36,203 )

PROVISIONS FOR LIABILITIES (734 ) (1,618 )
NET ASSETS 10,020 18,050

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,920 17,950
10,020 18,050

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

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

MARRIOTTS ESTATE AGENTS LTD (REGISTERED NUMBER: 12414762)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





Mrs S Phillips - Director


MARRIOTTS ESTATE AGENTS LTD (REGISTERED NUMBER: 12414762)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Marriotts Estate Agents Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

MARRIOTTS ESTATE AGENTS LTD (REGISTERED NUMBER: 12414762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 32,500
AMORTISATION
At 1 February 2023 19,500
Amortisation for year 6,500
At 31 January 2024 26,000
NET BOOK VALUE
At 31 January 2024 6,500
At 31 January 2023 13,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 3,438 8,724 12,162
Additions 245 332 577
At 31 January 2024 3,683 9,056 12,739
DEPRECIATION
At 1 February 2023 1,719 3,973 5,692
Charge for year 921 2,264 3,185
At 31 January 2024 2,640 6,237 8,877
NET BOOK VALUE
At 31 January 2024 1,043 2,819 3,862
At 31 January 2023 1,719 4,751 6,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 20,889 15,327
Prepayments 1,374 1,204
22,263 16,531

MARRIOTTS ESTATE AGENTS LTD (REGISTERED NUMBER: 12414762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,556 4,637
Trade creditors 803 447
Corporation tax 8,968 10,747
Social security and other taxes 9,095 13,444
Other creditors 40,668 41,968
Accrued expenses 2,066 1,950
67,156 73,193

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 5,556 4,754
Bank loans 16,667 14,996
Bank loans more 5 yr by instal 7,408 16,453
29,631 36,203

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,408 16,453