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REGISTERED NUMBER: 08069678 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Marvelous Properties Limited

Marvelous Properties Limited (Registered number: 08069678)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Marvelous Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs J A Al-Jaf





REGISTERED OFFICE: 11 St. Bees Close
Gatley
Cheadle
SK8 4LQ





REGISTERED NUMBER: 08069678 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Marvelous Properties Limited (Registered number: 08069678)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 48,000 49,000
Investment property 5 77,441 77,441
125,441 126,441

CURRENT ASSETS
Debtors 6 - 38,646
Cash at bank 58,455 5,506
58,455 44,152
CREDITORS
Amounts falling due within one year 7 (69,093 ) (47,779 )
NET CURRENT LIABILITIES (10,638 ) (3,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,803

122,814

CREDITORS
Amounts falling due after more than one year 8 (104,273 ) (120,844 )
NET ASSETS 10,530 1,970

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,529 1,969
10,530 1,970

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

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

The director acknowledges her 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.

Marvelous Properties Limited (Registered number: 08069678)

Balance Sheet - continued
31 May 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 16 December 2024 and were signed by:





Mrs J A Al-Jaf - Director


Marvelous Properties Limited (Registered number: 08069678)

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

1. STATUTORY INFORMATION

Marvelous 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Marvelous Properties Limited (Registered number: 08069678)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 50,000
DEPRECIATION
At 1 June 2023 1,000
Charge for year 1,000
At 31 May 2024 2,000
NET BOOK VALUE
At 31 May 2024 48,000
At 31 May 2023 49,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 77,441
NET BOOK VALUE
At 31 May 2024 77,441
At 31 May 2023 77,441

The investment property was valued by the director as at 31st May 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 37,500
Tax - 1,146
- 38,646

Marvelous Properties Limited (Registered number: 08069678)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,723 9,521
Social security and other taxes 627 1,552
Pension Payable 175 208
Wages payable 1,896 -
Other creditors 1,390 -
Directors' current accounts 52,601 35,057
Accrued expenses 1,681 1,441
69,093 47,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 12,485 29,064
Other loans (see note 9) 91,788 91,780
104,273 120,844

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 91,788 91,780

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,723 9,521

Amounts falling due between one and two years:
Bank loans > 1 year 12,485 29,064

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 91,788 91,780

The bank loans have been measured at cost.

Marvelous Properties Limited (Registered number: 08069678)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 23,208 -

The loans are secured against the property being mortgaged.

11. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 31st May 2024 of £3,264 (2023: £3,264).

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mrs J A Al-Jaf
Balance outstanding at start of year (35,057 ) 88,632
Amounts advanced 15,369 26,130
Amounts repaid (32,913 ) (149,819 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (52,601 ) (35,057 )

13. RELATED PARTY DISCLOSURES

MAJD Ltd

A company in which Mrs J A Al-Jaf is shareholder & director


2024 2023
£    £   
Amount due from related party at the balance sheet date - 37,500

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J A Al-Jaf.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Marvelous Properties 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marvelous Properties Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Marvelous Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marvelous Properties Limited and state those matters that we have agreed to state to the director of Marvelous Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marvelous Properties Limited and its director for our work or for this report.

It is your duty to ensure that Marvelous Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marvelous Properties Limited. You consider that Marvelous Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marvelous Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


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