Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseThe principal activity of the companuy is that of property develoment.12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02415281 2023-07-01 2024-06-30 02415281 2022-07-01 2023-06-30 02415281 2024-06-30 02415281 2023-06-30 02415281 2022-07-01 02415281 c:Director1 2023-07-01 2024-06-30 02415281 d:FreeholdInvestmentProperty 2024-06-30 02415281 d:FreeholdInvestmentProperty 2023-06-30 02415281 d:CurrentFinancialInstruments 2024-06-30 02415281 d:CurrentFinancialInstruments 2023-06-30 02415281 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02415281 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02415281 d:ShareCapital 2024-06-30 02415281 d:ShareCapital 2023-06-30 02415281 d:ShareCapital 2022-07-01 02415281 d:OtherMiscellaneousReserve 2024-06-30 02415281 d:OtherMiscellaneousReserve 2023-06-30 02415281 d:OtherMiscellaneousReserve 2022-07-01 02415281 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 02415281 d:RetainedEarningsAccumulatedLosses 2024-06-30 02415281 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 02415281 d:RetainedEarningsAccumulatedLosses 2023-06-30 02415281 d:RetainedEarningsAccumulatedLosses 2022-07-01 02415281 c:FRS102 2023-07-01 2024-06-30 02415281 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02415281 c:FullAccounts 2023-07-01 2024-06-30 02415281 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02415281 d:OtherDeferredTax 2024-06-30 02415281 d:OtherDeferredTax 2023-06-30 02415281 2 2023-07-01 2024-06-30 02415281 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 02415281










MARRSHOT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MARRSHOT LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 9

 
MARRSHOT LIMITED
REGISTERED NUMBER:02415281

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,600,000
2,600,000

  
2,600,000
2,600,000

Current assets
  

Debtors: amounts falling due within one year
 5 
92,027
148,294

Cash at bank and in hand
 6 
106,290
42,589

  
198,317
190,883

Creditors: amounts falling due within one year
 7 
(134,935)
(77,518)

Net current assets
  
 
 
63,382
 
 
113,365

Total assets less current liabilities
  
2,663,382
2,713,365

Provisions for liabilities
  

Deferred tax
 9 
(158,284)
(158,284)

  
 
 
(158,284)
 
 
(158,284)

Net assets
  
2,505,098
2,555,081


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
1,248,563
1,248,563

Profit and loss account
  
1,256,435
1,306,418

Shareholders' funds
  
2,505,098
2,555,081


Page 1

 
MARRSHOT LIMITED
REGISTERED NUMBER:02415281
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 February 2025.



................................................
C N Phoenix
Director

The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
MARRSHOT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 July 2023
100
1,248,563
1,306,418
2,555,081



Profit for the year
-
-
70,017
70,017

Dividends: Equity capital
-
-
(120,000)
(120,000)


At 30 June 2024
100
1,248,563
1,256,435
2,505,098



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
100
1,248,563
1,345,978
2,594,641



Profit for the year
-
-
65,440
65,440

Dividends: Equity capital
-
-
(105,000)
(105,000)


At 30 June 2023
100
1,248,563
1,306,418
2,555,081


The notes on pages 4 to 9 form part of these financial statements.
Page 3

 
MARRSHOT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information


The company is a private company limited by shares and is incorporated in England and Wales (02415281). The address of the registered office is 24 Fitzroy Square, London, W1T 6EP.
 
2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue represents rent receivable net of VAT and is recognised in the period to which it relates.

  
2.3

Investment property

Investment property is carried at fair value determined annually by the directors and periodically by external valuers. These are derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.
 
 
2.4

Going concern

The directors have prepared the accounts on a going concern basis taking into account the current market position and prospects of the company and also the continued working capital support provided by the parent company.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.
Page 4

 
MARRSHOT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.
Page 5

 
MARRSHOT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 6

 
MARRSHOT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
2,600,000



At 30 June 2024
2,600,000

The fair value of the investment properties have been arrived on the basis of a valuation which was carried out on 30 June 2024 by the directors of the company for the amount of £2,600,000.
The valuation was made on an open market value basis derived from current market rents for similar properties, adjusted if necessary for any difference in nature, location or condition of the specific asset.
The cost of the investment properties is £1,193,153.




Page 7

 
MARRSHOT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
38,394
38,394

Other debtors
30,677
85,263

Prepayments and accrued income
22,956
24,637

92,027
148,294



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
106,290
42,589



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,950
1,693

Corporation tax
23,366
16,880

Other taxation and social security
8,132
5,955

Other creditors
6,408
-

Accruals and deferred income
82,079
52,990

134,935
77,518



8.


Related party transactions

At the balance sheet date £26,408 (2023: £Nil) was due to companies under common control. 
At the balance sheet date £Nil (2023: £5,263) was due from companies under common control. 
At the balance sheet date £Nil (2023: £80,000) was due from close family members of the directors. 
No interest is charged on the balances above. 
At the balance sheet date £30,677 (2023: £Nil) was due from the director. Interest of £677 (2023: £Nil) was charged on the balance in the year. 
Included within administrative expenses is £97,252 (2023: £76,468) incurred from companies under common control.
 
Page 8

 
MARRSHOT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Deferred taxation




2024


£






At beginning of year
158,284



At end of year
158,284

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revalued investment properties
158,284
158,284

 
Page 9