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Registered Number: 07922004
England and Wales

 

 

 

MARNEROS PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Directors Mrs Anna Marneros
Mr Savvas Marneros
Registered Number 07922004
Registered Office Hagley Court
40 Vicarage Road
Birmingham
B15 3EZ
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road Edgbaston
Birmingham
B153EZ
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 3 123,165    167,122 
Debtors 4 1,229    664 
Cash at bank and in hand 60,295    1,178 
184,689    168,964 
Creditors: amount falling due within one year 5 (145,506)   (125,483)
Net current assets 39,183    43,481 
 
Total assets less current liabilities 39,183    43,481 
Creditors: amount falling due after more than one year 6 (19,500)   (27,937)
Net assets 19,683    15,544 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 19,583    15,444 
Shareholders' funds 19,683    15,544 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 October 2024 and were signed on its behalf by:


-------------------------------
Mrs Anna Marneros
Director
2
General Information
Marneros Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 07922004, registration address Hagley Court, 40 Vicarage Road, Birmingham, B15 3EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Stocks

2024
£
  2023
£
Finished Goods 123,165    167,122 
123,165    167,122 

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors   400 
Other Debtors 1,229    264 
1,229    664 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 11,183    2,538 
Directors' Current Accounts 134,323    122,945 
145,506    125,483 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 19,500    27,937 
19,500    27,937 

3