Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsetrue12023-02-01falseproperty develpment1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05028141 2023-02-01 2024-01-31 05028141 2022-02-01 2023-01-31 05028141 2024-01-31 05028141 2023-01-31 05028141 c:Director1 2023-02-01 2024-01-31 05028141 d:OfficeEquipment 2023-02-01 2024-01-31 05028141 d:OfficeEquipment 2024-01-31 05028141 d:OfficeEquipment 2023-01-31 05028141 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05028141 d:CurrentFinancialInstruments 2024-01-31 05028141 d:CurrentFinancialInstruments 2023-01-31 05028141 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05028141 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05028141 d:ShareCapital 2024-01-31 05028141 d:ShareCapital 2023-01-31 05028141 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 05028141 d:RetainedEarningsAccumulatedLosses 2024-01-31 05028141 d:RetainedEarningsAccumulatedLosses 2023-01-31 05028141 c:FRS102 2023-02-01 2024-01-31 05028141 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05028141 c:FullAccounts 2023-02-01 2024-01-31 05028141 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05028141 6 2023-02-01 2024-01-31 05028141 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 05028141









MARYLEBONE PROPERTIES LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
MARYLEBONE PROPERTIES LIMITED
REGISTERED NUMBER: 05028141

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,736
3,106

Investments
 8 
50
50

  
5,786
3,156

Current assets
  

Stocks
 5 
487,517
5,190

Debtors: amounts falling due within one year
 6 
356
68,213

Cash at bank and in hand
 7 
4,488
21

  
492,361
73,424

Creditors: amounts falling due within one year
 9 
(593,097)
(126,403)

Net current liabilities
  
 
 
(100,736)
 
 
(52,979)

  

Net liabilities
  
(94,950)
(49,823)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
 10 
(94,952)
(49,825)

  
(94,950)
(49,823)


Page 1

 
MARYLEBONE PROPERTIES LIMITED
REGISTERED NUMBER: 05028141
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2024.






A D Bratt
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MARYLEBONE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Marylebone Properties Limited is a private company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The company's principal activity was that of property developers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.



The following principal accounting policies have been applied:

 
2.2

Going concern

Although the company has negative reserves it is able to continue to trading through the ongoing support of the director.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MARYLEBONE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Furniture, fittings and equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow
moving stocks.


 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MARYLEBONE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).


4.


Tangible fixed assets





Furniture, fittings and equipment

£



Cost


At 1 February 2023
10,457


Additions
5,641



At 31 January 2024

16,098



Depreciation


At 1 February 2023
7,351


Charge for the year on owned assets
3,011



At 31 January 2024

10,362



Net book value



At 31 January 2024
5,736



At 31 January 2023
3,106

Page 5

 
MARYLEBONE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Stocks

2024
2023
£
£

Work in progress
487,517
5,190



6.


Debtors

2024
2023
£
£


Trade debtors
-
66,180

Other debtors
356
1,986

Prepayments and accrued income
-
47

356
68,213



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,488
21



8.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
50



At 31 January 2024
50




Page 6

 
MARYLEBONE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,486
105

Other creditors
589,236
124,058

Accruals and deferred income
2,375
2,240

593,097
126,403



10.


Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.

 
Page 7