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Company Registration No. NI689770 (Northern Ireland)
MARSDEN PROPERTY LTD Unaudited accounts for the year ended 31 July 2024
MARSDEN PROPERTY LTD Unaudited accounts Contents
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MARSDEN PROPERTY LTD Company Information for the year ended 31 July 2024
Director
Harvey Marsden
Company Number
NI689770 (Northern Ireland)
Registered Office
30 Hollymount Belfast BT10 0GN NORTHERN IRELAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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MARSDEN PROPERTY LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
84,044 
84,044 
Current assets
Cash at bank and in hand
723 
2,511 
Creditors: amounts falling due within one year
(24,754)
(28,795)
Net current liabilities
(24,031)
(26,284)
Total assets less current liabilities
60,013 
57,760 
Creditors: amounts falling due after more than one year
(60,352)
(60,357)
Net liabilities
(339)
(2,597)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(341)
(2,599)
Shareholders' funds
(339)
(2,597)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Harvey Marsden Director Company Registration No. NI689770
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MARSDEN PROPERTY LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
MARSDEN PROPERTY LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI689770. The registered office is 30 Hollymount, Belfast, BT10 0GN, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
84,044 
At 31 July 2024
84,044 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
24,754 
28,436 
Accruals
- 
359 
24,754 
28,795 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
60,352 
60,357 
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MARSDEN PROPERTY LTD Notes to the Accounts for the year ended 31 July 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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