Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-252024-03-25The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-03-26falseProperty Development1falsetruefalse 05369609 2023-03-26 2024-03-25 05369609 2022-03-26 2023-03-25 05369609 2024-03-25 05369609 2023-03-25 05369609 c:Director1 2023-03-26 2024-03-25 05369609 d:FreeholdInvestmentProperty 2024-03-25 05369609 d:FreeholdInvestmentProperty 2023-03-25 05369609 d:CurrentFinancialInstruments 2024-03-25 05369609 d:CurrentFinancialInstruments 2023-03-25 05369609 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-25 05369609 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-25 05369609 d:ShareCapital 2024-03-25 05369609 d:ShareCapital 2023-03-25 05369609 d:RetainedEarningsAccumulatedLosses 2024-03-25 05369609 d:RetainedEarningsAccumulatedLosses 2023-03-25 05369609 d:AcceleratedTaxDepreciationDeferredTax 2024-03-25 05369609 c:FRS102 2023-03-26 2024-03-25 05369609 c:AuditExemptWithAccountantsReport 2023-03-26 2024-03-25 05369609 c:FullAccounts 2023-03-26 2024-03-25 05369609 c:PrivateLimitedCompanyLtd 2023-03-26 2024-03-25 05369609 e:PoundSterling 2023-03-26 2024-03-25 iso4217:GBP xbrli:pure
Registered number: 05369609


MARRICK HOUSE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 25 MARCH 2024


















img4627.png
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
MARRICK HOUSE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARRICK HOUSE LIMITED
FOR THE YEAR ENDED 25 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MARRICK HOUSE LIMITED for the year ended 25 March 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of MARRICK HOUSE LIMITED in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MARRICK HOUSE LIMITED and state those matters that we have agreed to state to the director of MARRICK HOUSE LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MARRICK HOUSE LIMITED and its director for our work or for this report. 

It is your duty to ensure that MARRICK HOUSE LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MARRICK HOUSE LIMITED. You consider that MARRICK HOUSE LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of MARRICK HOUSE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
31 January 2025
Page 1

 
MARRICK HOUSE LIMITED
REGISTERED NUMBER: 05369609

STATEMENT OF FINANCIAL POSITION
AS AT 25 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
1,660,605
1,660,605

  
1,660,606
1,660,605

Current assets
  

Debtors
 6 
1,263,837
1,840,776

Cash at bank
 7 
101,388
514,833

  
1,365,225
2,355,609

Creditors: amounts falling due within one year
 8 
(937,831)
(1,904,770)

Net current assets
  
 
 
427,394
 
 
450,839

Total assets less current liabilities
  
2,088,000
2,111,444

Provisions for liabilities
  

Deferred tax
 9 
(273,028)
(273,028)

  
 
 
(273,028)
 
 
(273,028)

Net assets
  
1,814,972
1,838,416


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,814,872
1,838,316

  
1,814,972
1,838,416


Page 2

 
MARRICK HOUSE LIMITED
REGISTERED NUMBER: 05369609
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 25 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.




P J Thompson
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MARRICK HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 MARCH 2024

1.


General information

Marrick House Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05369609 and its registered address is 60 Pembroke Road, London, England, W8 6NX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration, including from the rental of property, and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

 
2.3

Finance costs

Finance costs are charged to the income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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

Page 4

 
MARRICK HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 MARCH 2024

2.Accounting policies (continued)

  
2.5

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.

 
2.6

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements. 


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
MARRICK HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 26 March 2023
1,660,605



At 25 March 2024
1,660,605

The 2024 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
568,495
557,890

568,495
557,890


6.


Debtors

2024
2023
£
£


Trade debtors
1,325
1,256

Amounts owed by group undertakings
562,460
512,147

Other debtors
694,969
1,327,373

Prepayments and accrued income
5,083
-

1,263,837
1,840,776



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
101,388
514,833

101,388
514,833


Page 6

 
MARRICK HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
910,133
1,514,680

Trade creditors
13,468
12,774

Corporation tax
300
33,656

Other creditors
-
300,000

Accruals and deferred income
13,930
43,660

937,831
1,904,770



9.


Deferred taxation



2024


£






At beginning of year
(273,028)



At end of year
(273,028)

The provision for deferred taxation is made up as follows:

2024
£


Accelerated capital allowances
(273,028)

(273,028)


10.


Related party transactions

As at the year end date, an amount of £543,349 (2023: £492,636) was owed by Samson Properties Limited, a company in which director Mr P Thompson holds a 50% share.
As at the year end date, an amount of £19,111 (2023: £19,511) was owed by Samson Properties (Lexham Mews) Limited, a company in which director Mr P Thompson holds a 50% share.

 
Page 7