Registered number
11242838
Marchmont Property Services Limited
Filleted Accounts
31 March 2025
Marchmont Property Services Limited
Company Information
Director
Mr J Cook
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
3 Coburn Gardens
Cheltenham
Glos
Registered number
11242838
Marchmont Property Services Limited
Registered number: 11242838
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 777,340 775,000
Current assets
Cash at bank and in hand 1,849 9,788
Creditors: amounts falling due within one year 4 (14,763) (7,051)
Net current (liabilities)/assets (12,914) 2,737
Total assets less current liabilities 764,426 777,737
Creditors: amounts falling due after more than one year 5 (561,354) (588,707)
Provisions for liabilities (44,000) (44,000)
Net assets 159,072 145,030
Capital and reserves
Called up share capital 10 10
Revaluation reserve 6 132,810 132,810
Profit and loss account 26,252 12,210
Shareholder's funds 159,072 145,030
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Cook
Director
Approved by the board on 30 April 2025
Marchmont Property Services Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold property nil
Equipment over four years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Freehold property Equipment Total
£ £ £
Cost
At 1 April 2024 775,000 1,119 776,119
Additions - 3,118 3,118
At 31 March 2025 775,000 4,237 779,237
Depreciation
At 1 April 2024 - 1,119 1,119
Charge for the year - 778 778
At 31 March 2025 - 1,897 1,897
Net book value
At 31 March 2025 775,000 2,340 777,340
At 31 March 2024 775,000 - 775,000
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 3,917 2,863
Other creditors 10,846 4,188
14,763 7,051
5 Creditors: amounts falling due after one year 2025 2024
£ £
Associated company loan 561,354 588,707
6 Revaluation reserve 2025 2024
£ £
At 1 April 2024 132,810 118,810
Gain on revaluation of land and buildings - 30,000
Deferred taxation arising on the revaluation of land and buildings - (16,000)
At 31 March 2025 132,810 132,810
7 Controlling party
The company is controlled by Mr J Cook.
8 Other information
Marchmont Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Coburn Gardens
Cheltenham
Glos
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