Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11559968 Mr O Martin Mr T Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11559968 2023-09-30 11559968 2024-09-30 11559968 2023-10-01 2024-09-30 11559968 frs-core:CurrentFinancialInstruments 2024-09-30 11559968 frs-core:Non-currentFinancialInstruments 2024-09-30 11559968 frs-core:RevaluationReserve 2024-09-30 11559968 frs-core:ShareCapital 2024-09-30 11559968 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11559968 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11559968 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11559968 frs-bus:SmallEntities 2023-10-01 2024-09-30 11559968 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11559968 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11559968 frs-bus:Director1 2023-10-01 2024-09-30 11559968 frs-bus:Director2 2023-10-01 2024-09-30 11559968 frs-countries:EnglandWales 2023-10-01 2024-09-30 11559968 2022-09-30 11559968 2023-09-30 11559968 2022-10-01 2023-09-30 11559968 frs-core:CurrentFinancialInstruments 2023-09-30 11559968 frs-core:Non-currentFinancialInstruments 2023-09-30 11559968 frs-core:RevaluationReserve 2023-09-30 11559968 frs-core:ShareCapital 2023-09-30 11559968 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11559968
Martin Property Holdings Residential Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11559968
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 575,000 575,000
575,000 575,000
CURRENT ASSETS
Debtors 5 125 404
Cash at bank and in hand 446 2,105
571 2,509
Creditors: Amounts Falling Due Within One Year 6 (240,896 ) (227,318 )
NET CURRENT ASSETS (LIABILITIES) (240,325 ) (224,809 )
TOTAL ASSETS LESS CURRENT LIABILITIES 334,675 350,191
Creditors: Amounts Falling Due After More Than One Year 7 (231,115 ) (237,506 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,049 ) (25,976 )
NET ASSETS 75,511 86,709
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 93,750 93,750
Profit and Loss Account (18,339 ) (7,141 )
SHAREHOLDERS' FUNDS 75,511 86,709
Page 1
Page 2
For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr O Martin
Director
10/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Martin Property Holdings Residential Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11559968 . The registered office is 19-21 Manor Road, Caddington, Luton, LU1 4EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Investment Properties
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.
2.4. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 575,000
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 125 404
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,871 8,938
Accruals and deferred income 960 2,040
Directors' loan accounts 216,340 216,340
Amounts owed to group undertakings 15,725 -
240,896 227,318
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 231,115 237,506
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group per section 33.1A of FRS102.
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