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REGISTERED NUMBER: 05706537 (England and Wales)



















MARLOW ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MARLOW ESTATES LIMITED (REGISTERED NUMBER: 05706537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MARLOW ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr O Low
Mr M Reifer





SECRETARY: Mr M Reifer





REGISTERED OFFICE: 15a Clapton Common
London
E5 9AA





REGISTERED NUMBER: 05706537 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

MARLOW ESTATES LIMITED (REGISTERED NUMBER: 05706537)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 102,187 81,030
Investment property 6 950,000 950,000
1,052,187 1,031,030

CURRENT ASSETS
Cash at bank 606,614 608,163

CREDITORS
Amounts falling due within one year 7 558,229 609,591
NET CURRENT ASSETS/(LIABILITIES) 48,385 (1,428 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,100,572

1,029,602

PROVISIONS FOR LIABILITIES 8 83,262 83,262
NET ASSETS 1,017,310 946,340

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 385,670 364,514
Retained earnings 631,638 581,824
SHAREHOLDERS' FUNDS 1,017,310 946,340

MARLOW ESTATES LIMITED (REGISTERED NUMBER: 05706537)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





Mr M Reifer - Director


MARLOW ESTATES LIMITED (REGISTERED NUMBER: 05706537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Marlow Estates 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio. Rental income is accounted for on an accruals basis.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

MARLOW ESTATES LIMITED (REGISTERED NUMBER: 05706537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 81,030
Revaluations 21,157
At 31 March 2024 102,187
NET BOOK VALUE
At 31 March 2024 102,187
At 31 March 2023 81,030


Listed investments comprise investments which are listed on the London Stock Exchange.

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023
and 31 March 2024 950,000
NET BOOK VALUE
At 31 March 2024 950,000
At 31 March 2023 950,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's directors who have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location.

The historical cost of investment properties at 31 March 2024 is £493,400.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 14,370 34,603
Other creditors 543,859 574,988
558,229 609,591

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 83,262 83,262

MARLOW ESTATES LIMITED (REGISTERED NUMBER: 05706537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 83,262
Balance at 31 March 2024 83,262

Deferred tax arises from the revaluation of investment properties.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 364,514
Gains/(Losses) on fair value adjustment 21,156

At 31 March 2024 385,670