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REGISTERED NUMBER: 04975906 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

The Market Place Property Management Ltd

The Market Place Property Management Ltd (Registered number: 04975906)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


The Market Place Property Management Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr P Dobson
Mr N Dobson





SECRETARY: Mrs L Dobson





REGISTERED OFFICE: 31 Breck Road
Poulton le Fylde
Lancashire
FY6 7AA





REGISTERED NUMBER: 04975906 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

The Market Place Property Management Ltd (Registered number: 04975906)

Abridged Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,004 16,556
9,004 16,556

CURRENT ASSETS
Debtors 122,411 115,033
Cash at bank 170,699 137,576
293,110 252,609
CREDITORS
Amounts falling due within one year 92,948 74,584
NET CURRENT ASSETS 200,162 178,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,166

194,581

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 209,156 194,571
SHAREHOLDERS' FUNDS 209,166 194,581

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 April 2025 and were signed on its behalf by:





Mr P Dobson - Director


The Market Place Property Management Ltd (Registered number: 04975906)

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

1. STATUTORY INFORMATION

The Market Place Property Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

The Market Place Property Management Ltd (Registered number: 04975906)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023
and 30 November 2024 105,000
AMORTISATION
At 1 December 2023
and 30 November 2024 105,000
NET BOOK VALUE

At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023
and 30 November 2024 85,294
DEPRECIATION
At 1 December 2023 68,738
Charge for year 7,552
At 30 November 2024 76,290
NET BOOK VALUE
At 30 November 2024 9,004
At 30 November 2023 16,556

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr P Dobson
Balance outstanding at start of year 76,755 74,101
Amounts advanced 76,368 76,654
Amounts repaid (78,154 ) (74,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,969 76,755

Mr N Dobson
Balance outstanding at start of year 32,353 30,570
Amounts advanced 42,590 33,783
Amounts repaid (33,154 ) (32,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,789 32,353

Interest was charged at the official rate of interest where appropriate.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Dobson.