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REGISTERED NUMBER: 12232028 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MARRAKUSHI 101 LIMITED

MARRAKUSHI 101 LIMITED (REGISTERED NUMBER: 12232028)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARRAKUSHI 101 LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: L Chumbley
R Laing
R G E Williams





REGISTERED OFFICE: 5 The Triangle
Wildwood Drive
Worcester
United Kingdom
WR5 2QX





REGISTERED NUMBER: 12232028 (England and Wales)






MARRAKUSHI 101 LIMITED (REGISTERED NUMBER: 12232028)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Investment property 3 2,782,161 2,782,161

CURRENT ASSETS
Debtors 4 70,806 76,388
Cash at bank 83,299 71,818
154,105 148,206
CREDITORS
Amounts falling due within one year 5 (2,765,582 ) (2,756,298 )
NET CURRENT LIABILITIES (2,611,477 ) (2,608,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,684

174,069

DEFERRED TAX (2,964 ) (2,964 )
NET ASSETS 167,720 171,105

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 8,892 8,892
Retained earnings 7 157,828 161,213
SHAREHOLDERS' FUNDS 167,720 171,105

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

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

MARRAKUSHI 101 LIMITED (REGISTERED NUMBER: 12232028)

BALANCE SHEET - continued
31 December 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 May 2025 and were signed on its behalf by:





R Laing - Director


MARRAKUSHI 101 LIMITED (REGISTERED NUMBER: 12232028)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Marrakushi 101 Limited is a company limited by shares and is incorporated in England and Wales. The address of the registered office is 5 The Triangle, Wildwood Drive, Worcester, Worcestershire, WR5 2QX.

The nature of the company's operations and its principal activity was that of investing in property.
The company's financial statements have been prepared in compliance with FRS 102 "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland" Section 1A and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis as modified by the revaluation of land and buildings held as investment property.

The financial statements comprise the unaudited financial statements of the company up to 31 December each year, and are stated in pounds, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below.

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 wholly owned subsidiaries within the group.

Exemptions
In accordance with the small companies regime, no cash flow statement is required to be presented as the
company qualifies as a small entity as defined in the Companies Act 2006.

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

Revenue comprises rental income arising from operating leases on investment properties, to the extent that there is a right to receive consideration and is recorded at the fair value of consideration received or receivable excluding value added tax.

Rental income is accounted for on a straight line basis over the lease term.

All revenue is attributable to one class of business and arose in the United Kingdom.

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

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the income statement. Unrealised gains or losses (net of related deferred tax) are transferred from retained earnings to a separate revaluation reserve.


MARRAKUSHI 101 LIMITED (REGISTERED NUMBER: 12232028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES - continued
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the period. 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. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax is the amount of UK corporation tax payable in respect of the taxable profit for the year or prior
years calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date except for certain exceptions.
Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Except for deferred tax relating to investment property, all other deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted at the reporting date and are expected to apply to the
reversal of the timing difference. Deferred tax relating to investment property that is measured at fair value is
calculated using the tax rates and allowances that apply to the sale of the asset.

Critical accounting judgements and estimates
In preparing the financial statements the directors are required to make a number of accounting judgements and make estimates and assumptions concerning the future. The following judgements and estimates are deemed significant in the context of these financial statements:

i) Investment properties are recognised at their fair value. The company's investment properties were revalued on 31 December 2024 at fair value, determined by the directors.

2. EMPLOYEES AND DIRECTORS

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 2,782,161
NET BOOK VALUE
At 31 December 2024 2,782,161
At 31 December 2023 2,782,161

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2020 (23,295 )
Valuation in 2021 90,841
Valuation in 2022 (55,690 )
Cost 2,770,305
2,782,161

MARRAKUSHI 101 LIMITED (REGISTERED NUMBER: 12232028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. INVESTMENT PROPERTY - continued

Investment properties were revalued on 31 December 2024 at fair value, determined by the directors.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 18,400 19,615
Other debtors 52,406 56,773
70,806 76,388

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 2,686,043 2,693,544
Tax 35,470 2,368
Social security and other taxes 8,046 24,394
Deferred income 34,813 34,813
Accrued expenses 1,210 1,179
2,765,582 2,756,298

6. LEASING AGREEMENTS
The company holds two investment properties as disclosed in the notes to the financial statements. These are let under non cancellable leases which have remaining terms of 12-21 years.

Minimum lease payments receivable under non-cancellable operating leases fall due as follows:

31.12.24 31.12.23
£ £
Within one year 148,000 148,000
Between one and five years 592,000 592,000
In more than five years 1,524,088 1,672,493
2,264,088 2,412,493

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 161,213 8,892 170,105
Profit for the year 106,410 - 106,410
Dividends (109,795 ) - (109,795 )
At 31 December 2024 157,828 8,892 166,720

The retained earnings reserve represents cumulative profits and losses net of transfers of investment property revaluations and other adjustments.

The revaluation reserve represents the cumulative effect of revaluations of investment properties which are revalued to fair value at each reporting date.

MARRAKUSHI 101 LIMITED (REGISTERED NUMBER: 12232028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. RELATED PARTY DISCLOSURES

During the period the company were invoiced £428 (2023 - £413) from Mersenne Properties Limited.

During the period the company were invoiced £34 (2023 - £13) from Prime (UK) Developments Limited.

Prime (UK) Developments Limited and Mersenne Properties Limited both share directors in common
with the company.

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Marrakushi Limited, a company which is owned by private shareholders, none of which have a controlling interest in the company. Accordingly there is no ultimate controlling party.