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REGISTERED NUMBER: 09080839 (England and Wales)















Martin Cashmore Property Limited

Financial Statements for the Year Ended 31st December 2024






Martin Cashmore Property Limited (Registered number: 09080839)

Contents of the Financial Statements
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Martin Cashmore Property Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mr M Cashmore
Mrs S Cashmore





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: 09080839 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Martin Cashmore Property Limited (Registered number: 09080839)

Balance Sheet
31st December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 4,500,000 4,500,000

CURRENT ASSETS
Debtors 5 1,856 -
Cash at bank 5,103 5,915
6,959 5,915
CREDITORS
Amounts falling due within one year 6 (1,223,632 ) (1,187,800 )
NET CURRENT LIABILITIES (1,216,673 ) (1,181,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,283,327

3,318,115

CREDITORS
Amounts falling due after more than
one year

7

(285,652

)

(318,369

)

PROVISIONS FOR LIABILITIES (699,328 ) (707,866 )
NET ASSETS 2,298,347 2,291,880

Martin Cashmore Property Limited (Registered number: 09080839)

Balance Sheet - continued
31st December 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 110
Revaluation reserve 10 2,099,339 2,133,491
Capital redemption reserve 10 10 -
Retained earnings 10 198,898 158,279
SHAREHOLDERS' FUNDS 2,298,347 2,291,880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Board of Directors and authorised for issue on 20th March 2025 and were signed on its behalf by:





Mr M Cashmore - Director


Martin Cashmore Property Limited (Registered number: 09080839)

Notes to the Financial Statements
for the Year Ended 31st December 2024


1. STATEMENT OF COMPLIANCE

Martin Cashmore Property Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 2 Oriel Court, Omega Park, Alton, Hampshire, GU34 2YT. The registration number is 09080839.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared on the going concern basis as the directors have confirmed that they will continue to provide financial and other support required by the company.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before turnover is recognised:

Rent receivable
Turnover comprises rent receivable from the company's investment properties, exclusive of value added tax where applicable.

Investment property
Investment property is included at fair value, any aggregate surplus of deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on this gains at the rate expected to apply when the property is sold.

Martin Cashmore Property Limited (Registered number: 09080839)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
The only creditor balance that is interest bearing is in relation to the hire purchase loan agreement. All other creditors are non-interest bearing and stated at their nominal values.

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 - NIL).

Martin Cashmore Property Limited (Registered number: 09080839)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 4,500,000
NET BOOK VALUE
At 31st December 2024 4,500,000
At 31st December 2023 4,500,000

Included in fair value of investment property is freehold land of £ 1,850,000 (2023 - £ 1,850,000 ) which is not depreciated.

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2023 2,841,357
Cost 1,658,643
4,500,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 1,658,643 1,658,643

The properties are held at the fair value as estimated by the directors, based on their knowledge of the market and industry information.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,856 -

Martin Cashmore Property Limited (Registered number: 09080839)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 58,045 58,045
Amounts owed to group undertakings 925,688 889,036
Taxation and social security 9,016 9,971
Other creditors 230,883 230,748
1,223,632 1,187,800

Amounts owed from group undertakings are unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 285,652 318,369

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 72,512 87,703

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 343,697 376,414

The mortgage is secured by way of a a fixed and floating charge over the investment properties and a floating charge over the other assets of the company. In addition the mortgage is secured by way of corporate guarantee given by Martin Cashmore Fencing Limited.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 110

Martin Cashmore Property Limited (Registered number: 09080839)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1st January 2024 158,279 2,133,491 - 2,291,770
Profit for the year 40,619 40,619
Purchase of own shares - - 10 10
Movement - (34,152 ) - (34,152 )
At 31st December 2024 198,898 2,099,339 10 2,298,247

Revaluation reserve
To assist with the identification of profits available for distribution this reserve represents changes in the fair value of the company's investment properties to the extent that they are not considered to be distributable to the company's shareholders, less any related provision for current or deferred tax.

Retained earnings
This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

2024 2023
£    £   
Mr M Cashmore
Balance outstanding at start of year (228,099 ) (228,460 )
Amounts advanced - 361
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (228,099 ) (228,099 )

Mrs S Cashmore
Balance outstanding at start of year - 361
Amounts repaid - (361 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Martin Cashmore Property Limited (Registered number: 09080839)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


12. RELATED PARTY DISCLOSURES

Martin Cashmore Fencing Limited

A company with common ownership.

During the year Martin Cashmore Property Limited charged rent of £34,000 (2023: £34,000) to Martin Cashmore Fencing Limited.