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REGISTERED NUMBER: 06337794 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Marco Investments Limited

Marco Investments Limited (Registered number: 06337794)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Marco Investments Limited (Registered number: 06337794)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,063 33,063
Investments 5 2 -
Investment property 6 2,197,099 2,098,969
2,230,164 2,132,032

CURRENT ASSETS
Debtors 7 338,947 390,803
Cash at bank and in hand 29,757 380,393
368,704 771,196
CREDITORS
Amounts falling due within one year 8 1,171,219 1,111,292
NET CURRENT LIABILITIES (802,515 ) (340,096 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,427,649 1,791,936

CREDITORS
Amounts falling due after more than one year 9 (8,426 ) (374,859 )

PROVISIONS FOR LIABILITIES (167,280 ) (229,395 )
NET ASSETS 1,251,943 1,187,682

CAPITAL AND RESERVES
Called up share capital 166 166
Fair value reserve 11 792,720 730,605
Retained earnings 459,057 456,911
SHAREHOLDERS' FUNDS 1,251,943 1,187,682

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

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

Marco Investments Limited (Registered number: 06337794)

Balance Sheet - continued
30 June 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 Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





T R Ahmed - Director


Marco Investments Limited (Registered number: 06337794)

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

1. STATUTORY INFORMATION

Marco Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06337794

Registered office: 81 Newton Street
Manchester
M1 1EX

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.

Preparation of consolidated financial statements
The financial statements contain information about Marco Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property, which is property held to earn rentals or for capital appreciation, is measured using the fair value model and stated at fair value at the balance sheet date. Any surplus or deficit on revaluation is included in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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.


Marco Investments Limited (Registered number: 06337794)

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

2. ACCOUNTING POLICIES - continued
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 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 July 2023
and 30 June 2024 33,063
NET BOOK VALUE
At 30 June 2024 33,063
At 30 June 2023 33,063

Included in cost of land and buildings is freehold land of £ 33,063 (2023 - £ 33,063 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2
At 30 June 2024 2
NET BOOK VALUE
At 30 June 2024 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 2,098,969
Additions 98,130
At 30 June 2024 2,197,099
NET BOOK VALUE
At 30 June 2024 2,197,099
At 30 June 2023 2,098,969

Marco Investments Limited (Registered number: 06337794)

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

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 960,000
Cost 1,237,099
2,197,099

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,237,099 1,138,969

Investment property was valued on an open market value basis on 30 June 2009 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,823 10,480
Other debtors 332,124 380,323
338,947 390,803

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,056 30,882
Trade creditors 5,481 4,466
Taxation and social security 1,705 37,547
Other creditors 1,156,977 1,038,397
1,171,219 1,111,292

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,426 374,859

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 264,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan - 384,000

The bank loan was secured by way of a mortgage charge dated 13th May 2019 over part of the investment property.

Marco Investments Limited (Registered number: 06337794)

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

11. RESERVES
Fair
value
reserve
£   
At 1 July 2023 730,605
Transfer to fair value reserve 62,115

At 30 June 2024 792,720