BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Technical testing and analysis 10 January 2025 1 1 NI642059 2024-09-30 NI642059 2023-09-30 NI642059 2022-09-30 NI642059 2023-10-01 2024-09-30 NI642059 2022-10-01 2023-09-30 NI642059 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI642059 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI642059 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI642059 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI642059 uk-bus:Director1 2023-10-01 2024-09-30 NI642059 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI642059 uk-bus:Agent1 2023-10-01 2024-09-30 NI642059 uk-core:ShareCapital 2024-09-30 NI642059 uk-core:ShareCapital 2023-09-30 NI642059 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI642059 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI642059 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI642059 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI642059 uk-bus:FRS102 2023-10-01 2024-09-30 NI642059 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI642059 uk-core:CostValuation 2024-09-30 NI642059 uk-core:CurrentFinancialInstruments 2024-09-30 NI642059 uk-core:CurrentFinancialInstruments 2023-09-30 NI642059 uk-core:CurrentFinancialInstruments 2024-09-30 NI642059 uk-core:CurrentFinancialInstruments 2023-09-30 NI642059 uk-core:WithinOneYear 2024-09-30 NI642059 uk-core:WithinOneYear 2023-09-30 NI642059 uk-core:WithinOneYear 2024-09-30 NI642059 uk-core:WithinOneYear 2023-09-30 NI642059 uk-core:AfterOneYear 2024-09-30 NI642059 uk-core:AfterOneYear 2023-09-30 NI642059 uk-core:BetweenTwoFiveYears 2024-09-30 NI642059 uk-core:BetweenTwoFiveYears 2023-09-30 NI642059 2023-10-01 2024-09-30 NI642059 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI642059
 
 
Marsden Property Services Ltd
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Marsden Property Services Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Mr Brendan Marsden
 
 
Company Registration Number NI642059
 
 
Registered Office and Business Address 19 Lismaine Road
Magheralin
BT67 0RJ
 
 
Accountants Muldoon
Chartered Accountants
16 Mount Charles
Belfast
BT7 1NZ
 
 
Bankers Santander UK plc
  301 St Vincent Street
  Glasgow
  G2 5NT



Marsden Property Services Ltd
DIRECTOR'S REPORT
for the financial year ended 30 September 2024

 
The director presents their report and the unaudited financial statements for the financial year ended 30 September 2024.
 
Principal Activity
Technical testing and analysis
     
Director
The director who served during the financial year is as follows:
     
Mr Brendan Marsden
   
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Mr Brendan Marsden
Director
     
10 January 2025



Marsden Property Services Ltd
Company Registration Number: NI642059
STATEMENT OF FINANCIAL POSITION
as at 30 September 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 4,310 5,120
Financial assets 5 2 2
───────── ─────────
Non-Current Assets 4,312 5,122
───────── ─────────
 
Current Assets
Debtors 6 40,312 60,277
Cash and cash equivalents 2,683 113
───────── ─────────
42,995 60,390
───────── ─────────
Creditors: amounts falling due within one year 7 (21,094) (32,651)
───────── ─────────
Net Current Assets 21,901 27,739
───────── ─────────
Total Assets less Current Liabilities 26,213 32,861
 
Creditors:
amounts falling due after more than one year 8 (25,872) (31,894)
───────── ─────────
Net Assets 341 967
═════════ ═════════
 
Capital and Reserves
Called up share capital (1) 1
Retained earnings 342 966
───────── ─────────
Equity attributable to owners of the company 341 967
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 10 January 2025
           
           
           
________________________________          
Mr Brendan Marsden          
Director          
           



Marsden Property Services Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Marsden Property Services Ltd is a company limited by shares incorporated in Northern Ireland. 19 Lismaine Road, Magheralin, BT67 0RJ is the registered office, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Financial assets
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
       
4. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 October 2023 7,338 7,338
  ───────── ─────────
 
At 30 September 2024 7,338 7,338
  ───────── ─────────
Depreciation
At 1 October 2023 2,218 2,218
Charge for the financial year 810 810
  ───────── ─────────
At 30 September 2024 3,028 3,028
  ───────── ─────────
Net book value
At 30 September 2024 4,310 4,310
  ═════════ ═════════
At 30 September 2023 5,120 5,120
  ═════════ ═════════
       
5. Financial fixed assets
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 30 September 2024 2 2
  ───────── ─────────
Net book value
At 30 September 2024 2 2
  ═════════ ═════════
At 30 September 2023 2 2
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 7,097 34,062
Amounts owed by group undertakings 33,215 26,215
  ───────── ─────────
  40,312 60,277
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts 44 276
Bank loan 5,544 5,544
Trade creditors 1,058 878
Amounts owed to group undertakings 89 89
Taxation  (Note 9) 5,958 21,557
Director's current account 7,493 3,399
Accruals 908 908
  ───────── ─────────
  21,094 32,651
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 25,872 31,894
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 5,588 5,820
Repayable between two and five years 25,872 31,894
  ───────── ─────────
  31,460 37,714
  ═════════ ═════════
 
       
9. Taxation 2024 2023
  £ £
 
Creditors:
VAT 3,118 8,453
Corporation tax 2,840 13,104
  ───────── ─────────
  5,958 21,557
  ═════════ ═════════
           
10. Related party transactions
 
The company holds a 50% shareholding in 360 Energy (N.I.) Limited (formerly MC2 Consultants Ltd) and Twiin Digital Limited for consideration of £1: MC2 Consultants Ltd holds 100% shareholding in NVNI Limited:

During the year, the company paid £7,000 from 360 Energy (N.I.) Limited. The balance due at the year end was £17,215 (2023: £10,215).

During the year, there was no movement to or from Twiin Digital Limited. The balance due at the year end was £16,000 (2023: £16,000).

During the year, there was no movement to or from NVNI Limited. The balance owed at the year end was £89 (2023: £89).