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REGISTERED NUMBER: 00491942 (England and Wales)















March & Stacey (Property) Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






March & Stacey (Property) Limited (Registered number: 00491942)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


March & Stacey (Property) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs R Wilson
Mrs M J Hinsley
R P Wilson





SECRETARY: Mrs R Wilson





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





REGISTERED NUMBER: 00491942 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

March & Stacey (Property) Limited (Registered number: 00491942)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 2,575,000 2,797,500
2,575,001 2,797,501

CURRENT ASSETS
Debtors 6 2,156 589,949
Cash at bank and in hand 23,117 62,477
25,273 652,426
CREDITORS
Amounts falling due within one year 7 69,182 62,626
NET CURRENT (LIABILITIES)/ASSETS (43,909 ) 589,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,531,092

3,387,301

CREDITORS
Amounts falling due after more than one
year

8

(722,088

)

(734,699

)

PROVISIONS FOR LIABILITIES (354,433 ) (356,902 )
NET ASSETS 1,454,571 2,295,700

CAPITAL AND RESERVES
Called up share capital 2,152 2,152
Capital redemption reserve 1 1
Capital reserve 156 156
Non-distributable reserve 1,063,299 1,204,164
Retained earnings 388,963 1,089,227
SHAREHOLDERS' FUNDS 1,454,571 2,295,700

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

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

March & Stacey (Property) Limited (Registered number: 00491942)

Balance Sheet - continued
31 October 2024


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 20 April 2025 and were signed on its behalf by:





Mrs R Wilson - Director


March & Stacey (Property) Limited (Registered number: 00491942)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

March & Stacey (Property) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Related party exemption
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 its parent company on the basis that it is a wholly owned subsidiary.

Turnover
Turnover represents rents receivable from tenants for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment33% on cost

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.

Fixed asset investments
Profits or losses arising from the disposal of fixed asset investments are treated as part of the result from ordinary activities.

March & Stacey (Property) Limited (Registered number: 00491942)

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

2. ACCOUNTING POLICIES - continued

Investment property
All direct and related expenditure in respect of the development of properties is capitalized, excluding interest and arrangement fees on loans relating to self constructed investment property.
The investment properties are accounted for at the directors assessment of open market value. The valuation is reviewed annually and changes in the market value are recognised in the profit and loss account. The cumulative amount of any revaluation less any related deferred tax is transferred to a separate non-distributable reserve.

Depreciation of investment property
In accordance with Financial Reporting Standard 102, no depreciation is provided in respect of the company's freehold investment property. This treatment is a departure from the requirements of the Companies Act 2006 concerning the depreciation of fixed assets. The property is not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting treatment constitutes an override of the Companies Act requirement to depreciate fixed assets and is necessary in order to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 679
DEPRECIATION
At 1 November 2023
and 31 October 2024 678
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 2,797,500
Disposals (397,500 )
Revaluations 175,000
At 31 October 2024 2,575,000
NET BOOK VALUE
At 31 October 2024 2,575,000
At 31 October 2023 2,797,500

March & Stacey (Property) Limited (Registered number: 00491942)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2008 267,594
Valuation in 2016 471,340
Valuation in 2018 83,211
Valuation in 2019 488,756
Valuation in 2021 (68,169 )
Valuation in 2024 175,000
Cost 1,157,268
2,575,000

In the opinion of the directors, in view of the potential rental income from the properties, the fair value of the properties at the balance sheet date is £2,575,000.

The annual rental income for the year ended 31 October 2025 is anticipated to be £133,000. All current leases will expire before that date but, based on past experience, the directors expect that all will be renewed.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 240 388
Amounts owed by group undertakings - 585,512
Other debtors 1,916 4,049
2,156 589,949

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 12,161 11,018
Taxation and social security 42,853 45,343
Other creditors 14,168 6,265
69,182 62,626

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 722,088 734,699

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 734,249 745,717

The loans are secured on the company's let properties.