IRIS Accounts Production v25.1.0.734 01216364 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012163642023-11-30012163642024-11-30012163642023-12-012024-11-30012163642022-11-30012163642022-12-012023-11-30012163642023-11-3001216364ns15:EnglandWales2023-12-012024-11-3001216364ns14:PoundSterling2023-12-012024-11-3001216364ns10:Director12023-12-012024-11-3001216364ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3001216364ns10:SmallEntities2023-12-012024-11-3001216364ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3001216364ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3001216364ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3001216364ns10:FullAccounts2023-12-012024-11-3001216364ns10:OrdinaryShareClass12023-12-012024-11-3001216364ns10:Director22023-12-012024-11-3001216364ns10:Director32023-12-012024-11-3001216364ns10:Director42023-12-012024-11-3001216364ns10:CompanySecretary12023-12-012024-11-3001216364ns10:RegisteredOffice2023-12-012024-11-3001216364ns5:CurrentFinancialInstruments2024-11-3001216364ns5:CurrentFinancialInstruments2023-11-3001216364ns5:ShareCapital2024-11-3001216364ns5:ShareCapital2023-11-3001216364ns5:RetainedEarningsAccumulatedLosses2024-11-3001216364ns5:RetainedEarningsAccumulatedLosses2023-11-3001216364ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-3001216364ns5:PlantMachinery2023-11-3001216364ns5:FurnitureFittings2023-11-3001216364ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-012024-11-3001216364ns5:PlantMachinery2023-12-012024-11-3001216364ns5:FurnitureFittings2023-12-012024-11-3001216364ns5:LongLeaseholdAssetsns5:LandBuildings2024-11-3001216364ns5:PlantMachinery2024-11-3001216364ns5:FurnitureFittings2024-11-3001216364ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-3001216364ns5:PlantMachinery2023-11-3001216364ns5:FurnitureFittings2023-11-3001216364ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3001216364ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3001216364ns5:DeferredTaxation2023-11-3001216364ns5:DeferredTaxation2024-11-3001216364ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 01216364 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MARTIN SLOWE PROPERTY SERVICES LIMITED

MARTIN SLOWE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01216364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARTIN SLOWE PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: D Arazy
I P Redfern
M L Wyman
H Wyman





SECRETARY: D Arazy





REGISTERED OFFICE: Unit 3
Delta Court
Manor Way
Borehamwood
Hertfordshire
WD6 1FJ





REGISTERED NUMBER: 01216364 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

MARTIN SLOWE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01216364)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,312 5,955

CURRENT ASSETS
Debtors 5 713,598 671,145
Cash at bank and in hand 37,269 29,594
750,867 700,739
CREDITORS
Amounts falling due within one year 6 (378,537 ) (345,466 )
NET CURRENT ASSETS 372,330 355,273
TOTAL ASSETS LESS CURRENT LIABILITIES 388,642 361,228

PROVISIONS FOR LIABILITIES 7 (2,248 ) -
NET ASSETS 386,394 361,228

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 385,394 360,228
SHAREHOLDERS' FUNDS 386,394 361,228

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.

MARTIN SLOWE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01216364)

BALANCE SHEET - continued
30 NOVEMBER 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 2 May 2025 and were signed on its behalf by:





H Wyman - Director


MARTIN SLOWE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01216364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Martin Slowe Property Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Delta Court, Manor Way, Borehamwood, Hertfordshire, WD6 1FJ.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents fees receivable for the provision of property management services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Long leaseholdStraight line over 10 years
Plant and machineryStraight line over 3 years
Fixtures and fittingsStraight line over 4 years

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

MARTIN SLOWE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01216364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 December 2023 57,386 101,356 64,207 222,949
Additions - 20,618 - 20,618
At 30 November 2024 57,386 121,974 64,207 243,567
DEPRECIATION
At 1 December 2023 57,386 97,945 61,663 216,994
Charge for year - 9,222 1,039 10,261
At 30 November 2024 57,386 107,167 62,702 227,255
NET BOOK VALUE
At 30 November 2024 - 14,807 1,505 16,312
At 30 November 2023 - 3,411 2,544 5,955

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 36,780 44,060
Amounts due by connected entities 154,324 154,240
Other debtors 522,494 472,845
713,598 671,145

Included in debtors is an amount of £154,324 (2023: £154,240) owed by a connected company in which D Arazy, I P Redfern and M L Wyman are directors and shareholders. This loan is interest free and payable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 6,090 54,467
Taxation and social security 106,150 94,381
Other creditors 266,297 196,618
378,537 345,466

7. PROVISIONS FOR LIABILITIES
30.11.24
£   
Deferred tax 2,248

MARTIN SLOWE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01216364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2023 (503 )
Accelerated capital allowances 2,751
Balance at 30 November 2024 2,248

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1,000 Ordinary £1 1,000 1,000