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REGISTERED NUMBER: 11812323 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED (Registered number: 11812323)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: C Papaloizou





SECRETARY:





REGISTERED OFFICE: Suite 1
The Golf club
Darkes Lane
Potters Bar
Hertfordshire
EN6 1DE





REGISTERED NUMBER: 11812323 (England and Wales)





ACCOUNTANTS: Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED (Registered number: 11812323)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,499,104 1,749,104

CURRENT ASSETS
Cash at bank and in hand 10,226 10,347

CREDITORS
Amounts falling due within one year 5 1,081,819 1,250,951
NET CURRENT LIABILITIES (1,071,593 ) (1,240,604 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,511

508,500

CREDITORS
Amounts falling due after more than one
year

6

(344,302

)

(354,046

)

PROVISIONS FOR LIABILITIES 8 (32,249 ) (36,885 )
NET ASSETS 50,960 117,569

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 223,896 260,847
Retained earnings 10 (172,937 ) (143,279 )
SHAREHOLDERS' FUNDS 50,960 117,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED (Registered number: 11812323)

Balance Sheet - continued
29 February 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 director and authorised for issue on 12 November 2024 and were signed by:





C Papaloizou - Director


MARYLEBONE PROPERTY DEVELOPMENTS LIMITED (Registered number: 11812323)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 ) .

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED (Registered number: 11812323)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,749,104
Disposals (250,000 )
At 29 February 2024 1,499,104
NET BOOK VALUE
At 29 February 2024 1,499,104
At 28 February 2023 1,749,104

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2020 206,174
Valuation in 2021 50,000
Cost 1,242,930
1,499,104

The investment properties were valued on an open market basis basis on 28 February 2024 by the Director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 478,705 650,838
Other creditors 603,114 600,113
1,081,819 1,250,951

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 344,302 354,046

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 320,461 320,461

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED (Registered number: 11812323)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 799,166 971,299

The Bank loans are secured by way of first legal charge over the Investment properties.

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 32,249 36,885

Deferred
tax
£   
Balance at 1 March 2023 36,885
Credit to Income Statement during year (4,636 )
Balance at 29 February 2024 32,249

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 (143,279 ) 260,847 117,568
Deficit for the year (66,609 ) (66,609 )
Transfer Fair Value Reserve 36,951 (36,951 ) -
At 29 February 2024 (172,937 ) 223,896 50,959

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED (Registered number: 11812323)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
C Papaloizou
Balance outstanding at start of year (528,803 ) (521,590 )
Amounts repaid - (7,213 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (528,803 ) (528,803 )

MARYLEBONE PROPERTY DEVELOPMENTS LIMITED

Report of the Accountants to the Director of
MARYLEBONE PROPERTY DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages nil to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE


Date: .............................................