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REGISTERED NUMBER: 08079322 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

MARSHALL PROPERTY RENTALS LIMITED

MARSHALL PROPERTY RENTALS LIMITED (REGISTERED NUMBER: 08079322)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSHALL PROPERTY RENTALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: Dr A J Marshall



REGISTERED OFFICE: Felix House
75 Middleton Lane
Middleton St George
Darlington
Co. Durham
DL2 1AA



REGISTERED NUMBER: 08079322 (England and Wales)



ACCOUNTANTS: Sanders Swinbank Limited
Chartered Accountants and Business Advisers
North Point
Faverdale North
Darlington
Co. Durham
DL3 0PH



BANKERS: Handelsbanken
Beaumont House
Beaumont Street
Darlington
Co. Durham
DL1 5RW

MARSHALL PROPERTY RENTALS LIMITED (REGISTERED NUMBER: 08079322)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 965,315 965,315

CURRENT ASSETS
Debtors 5 845 -
Cash at bank 22,367 39,902
23,212 39,902
CREDITORS
Amounts falling due within one year 6 410,953 429,838
NET CURRENT LIABILITIES (387,741 ) (389,936 )
TOTAL ASSETS LESS CURRENT LIABILITIES 577,574 575,379

CREDITORS
Amounts falling due after more than one year 7 333,561 348,561
NET ASSETS 244,013 226,818

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 244,011 226,816
SHAREHOLDERS' FUNDS 244,013 226,818

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

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

The director acknowledges his 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.

MARSHALL PROPERTY RENTALS LIMITED (REGISTERED NUMBER: 08079322)

BALANCE SHEET - continued
31ST 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 18th February 2025 and were signed by:





Dr A J Marshall - Director


MARSHALL PROPERTY RENTALS LIMITED (REGISTERED NUMBER: 08079322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Marshall Property Rentals 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

MARSHALL PROPERTY RENTALS LIMITED (REGISTERED NUMBER: 08079322)

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

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st June 2023
and 31st May 2024 965,315
NET BOOK VALUE
At 31st May 2024 965,315
At 31st May 2023 965,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 845 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 24,000 24,000
Taxation and social security 4,098 5,292
Other creditors 382,855 400,546
410,953 429,838

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 333,561 348,561

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due to be repaid in more than 5
years by instalments

237,561

252,561

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 357,561 372,561