Company Registration No. 13583873 (England and Wales)
Marra Properties Ltd
Unaudited accounts
for the year ended 31 August 2024
Marra Properties Ltd
Statement of financial position
as at 31 August 2024
Investment property
451,050
451,050
Cash at bank and in hand
11,321
4,516
Creditors: amounts falling due within one year
(125,093)
(121,506)
Net current liabilities
(113,772)
(116,990)
Total assets less current liabilities
337,278
334,060
Creditors: amounts falling due after more than one year
(339,782)
(339,612)
Net liabilities
(2,504)
(5,552)
Called up share capital
2
2
Profit and loss account
(2,506)
(5,554)
Shareholders' funds
(2,504)
(5,552)
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
Sabato Marra
Director
Company Registration No. 13583873
Marra Properties Ltd
Notes to the Accounts
for the year ended 31 August 2024
Marra Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13583873. The registered office is 22 Alamein Close, Broxbourne, Hertfordshire, EN10 7TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover represents rents receivable. Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Fair value at 1 September 2023
451,050
In the opinion of the directors, the investment property is valued in the financial statements at its open market value as at 31 August 2024.
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
124,343
120,906
Marra Properties Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
339,782
339,612
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).