2023-04-012024-03-312024-03-31falseNI611761MARLBOROUGH PROPERTIES (NI) 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MARLBOROUGH PROPERTIES (NI) LTD

Registered Number
NI611761
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 March 2024

MARLBOROUGH PROPERTIES (NI) LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

James McGilloway

Registered Address

2 Victoria Gate
Londonderry
BT47 2TP

Registered Number

NI611761 (Northern Ireland)
MARLBOROUGH PROPERTIES (NI) LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,6425,778
Investments495,83447,882
100,47653,660
Current assets
Stocks36,210122,768
Debtors584,468866,467
Cash at bank and on hand266,1423,292
886,820992,527
Creditors amounts falling due within one year(464,809)(524,460)
Net current assets (liabilities)422,011468,067
Total assets less current liabilities522,487521,727
Creditors amounts falling due after one year(12,866)(22,681)
Net assets509,621499,046
Capital and reserves
Called up share capital22
Profit and loss account509,619499,044
Shareholders' funds509,621499,046
The financial statements were approved and authorised for issue by the Director on 11 November 2024, and are signed on its behalf by:
James McGilloway
Director
Registered Company No. NI611761
MARLBOROUGH PROPERTIES (NI) LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and Machinery: 20% Reducing balance Fixtures and Fittings: 20% Reducing balance Vehicles: 20% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2315,873
At 31 March 2415,873
Depreciation and impairment
At 01 April 2310,096
Charge for year1,135
At 31 March 2411,232
Net book value
At 31 March 244,642
At 31 March 235,778
4.Fixed asset investments

Total

£
Cost or valuation
At 01 April 2347,882
Additions47,952
At 31 March 2495,834
Net book value
At 31 March 2495,834
At 31 March 2347,882