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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
451,050 
451,050 
Current assets
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)
Capital and reserves
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
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Marra Properties Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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
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.
Going concern
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.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
451,050 
At 31 August 2024
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 
Accruals
750 
600 
125,093 
121,506 
- 3 -
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 
7
Share capital
2024 
2023 
£ 
£ 
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).
- 4 -