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REGISTERED NUMBER: 06782594 (England and Wales)















Financial Statements For The Year Ended 31st January 2024

for

Marapets Ltd

Marapets Ltd (Registered number: 06782594)






Contents of the Financial Statements
For The Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marapets Ltd

Company Information
For The Year Ended 31st January 2024







DIRECTORS: I Smetham
Mrs G Smetham
N Smetham





REGISTERED OFFICE: 27 Howland Way
London
SE16 6HN





REGISTERED NUMBER: 06782594 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5AF

Marapets Ltd (Registered number: 06782594)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investment property 6 1,627,118 1,627,118
1,627,118 1,627,118

CURRENT ASSETS
Cash at bank 194,260 237,537

CREDITORS
Amounts falling due within one year 7 45,216 96,987
NET CURRENT ASSETS 149,044 140,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,776,162

1,767,668

PROVISIONS FOR LIABILITIES 58,191 58,191
NET ASSETS 1,717,971 1,709,477

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 174,572 174,572
Retained earnings 1,543,299 1,534,805
SHAREHOLDERS' FUNDS 1,717,971 1,709,477

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

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

Marapets Ltd (Registered number: 06782594)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th October 2024 and were signed on its behalf by:





I Smetham - Director


Marapets Ltd (Registered number: 06782594)

Notes to the Financial Statements
For The Year Ended 31st January 2024

1. STATUTORY INFORMATION

Marapets 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 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software 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.
Plant and machinery etc - 33% 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 1 (2023 - 1 ) .

Marapets Ltd (Registered number: 06782594)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st February 2023
and 31st January 2024 127,387
AMORTISATION
At 1st February 2023
and 31st January 2024 127,387
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023
and 31st January 2024 30,693
DEPRECIATION
At 1st February 2023
and 31st January 2024 30,693
NET BOOK VALUE
At 31st January 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023
and 31st January 2024 1,627,118
NET BOOK VALUE
At 31st January 2024 1,627,118
At 31st January 2023 1,627,118

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2024 232,763
Cost 1,394,355
1,627,118

Marapets Ltd (Registered number: 06782594)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2024

6. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 1,394,355 1,394,355

Investment properties were valued on an open market basis on 31st January 2024 by the director .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 29,781 77,914
Other creditors 15,435 19,073
45,216 96,987