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REGISTERED NUMBER: 06838146 (England and Wales)















Robert Marshall Properties Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Robert Marshall Properties Limited (Registered number: 06838146)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Robert Marshall Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R L Marshall
Ms J H Marshall





REGISTERED OFFICE: The Old Bakery
Castle Street
Keinton Mandeville
Somerton
Somerset
TA11 6DX





REGISTERED NUMBER: 06838146 (England and Wales)





ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY

Robert Marshall Properties Limited (Registered number: 06838146)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 825,000 450,000

CURRENT ASSETS
Debtors 5 579 -
Cash at bank 10,858 32,312
11,437 32,312
CREDITORS
Amounts falling due within one year 6 201,585 232,361
NET CURRENT LIABILITIES (190,148 ) (200,049 )
TOTAL ASSETS LESS CURRENT LIABILITIES 634,852 249,951

PROVISIONS FOR LIABILITIES 26,462 26,462
NET ASSETS 608,390 223,489

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 119,489 119,489
Other reserves 375,000 -
Retained earnings 112,901 103,000
SHAREHOLDERS' FUNDS 608,390 223,489

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.

Robert Marshall Properties Limited (Registered number: 06838146)

Statement of Financial Position - continued
31 March 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 Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by:





Mr R L Marshall - Director


Robert Marshall Properties Limited (Registered number: 06838146)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Robert Marshall Properties 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.

Significant judgements - going concern
When preparing the financial statements, the directors have assessed whether there are significant doubts about the company's ability to continue as a going concern, particularly as there are net current liabilities. There are no material uncertainties of which the directors are aware in making their assessment.

Other creditors include £197,727 owed to the directors and a company under their control, all of whom have indicated that repayment will only be sought when cash flow and profitability allow. Therefore, they consider that the company has sufficient cash reserves to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future and they continue to adopt the going concern basis for preparing these financial statements.

Income recognition
Turnover represents rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.


Robert Marshall Properties Limited (Registered number: 06838146)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 450,000
Revaluations 375,000
At 31 March 2024 825,000
NET BOOK VALUE
At 31 March 2024 825,000
At 31 March 2023 450,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 450,000
Valuation in 2024 375,000
825,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 579 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,322 2,606
Other creditors 199,263 229,755
201,585 232,361