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REGISTERED NUMBER: 10741606 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Marshaw Lettings Limited

Marshaw Lettings Limited (Registered number: 10741606)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Marshaw Lettings Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr M Drinkall
Ms K P Holden





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 10741606 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Marshaw Lettings Limited (Registered number: 10741606)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2
Investment property 5 2,390,514 1,005,570
2,390,516 1,005,572

CURRENT ASSETS
Debtors 6 22,747 2,500
Cash at bank 12,140 50,930
34,887 53,430
CREDITORS
Amounts falling due within one year 7 632,830 308,277
NET CURRENT LIABILITIES (597,943 ) (254,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,792,573

750,725

CREDITORS
Amounts falling due after more than one
year

8

(1,672,375

)

(651,404

)

PROVISIONS FOR LIABILITIES (18,355 ) (18,355 )
NET ASSETS 101,843 80,966

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 10 78,252 78,252
Retained earnings 23,491 2,614
101,843 80,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Marshaw Lettings Limited (Registered number: 10741606)

Statement of Financial Position - continued
30 April 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 19 December 2024 and were signed on its behalf by:




Mr M Drinkall - Director



Ms K P Holden - Director


Marshaw Lettings Limited (Registered number: 10741606)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Marshaw Lettings 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.

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 statement of financial position date.

Deferred tax
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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Marshaw Lettings Limited (Registered number: 10741606)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 May 2023
and 30 April 2024 2
NET BOOK VALUE
At 30 April 2024 2
At 30 April 2023 2

5. INVESTMENT PROPERTY

The property has been valued by the directors.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2021 12,633
Valuation in 2022 43,519
Valuation in 2023 40,000
Cost 2,294,817
2,390,969

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings - 2,500
Other debtors 22,747 -
22,747 2,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to group undertakings 126,675 -
Taxation and social security 4,976 816
Other creditors 501,179 307,461
632,830 308,277

Marshaw Lettings Limited (Registered number: 10741606)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 1,672,375 651,404

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,672,375 651,404

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,672,375 -

Amounts due to the mortgage providers are secured by way of a fixed charge over the assets of the Company.

10. RESERVES
Non-distribut
reserve
£   
At 1 May 2023
and 30 April 2024 78,252