Company Registration No. 13202508 (England and Wales)
MARYWHARF LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
MARYWHARF LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MARYWHARF LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
613
707
Investment property
4
1,100,000
1,100,000
1,100,613
1,100,707
Current assets
Debtors
5
1,424
1,256
Cash at bank and in hand
2,650
34,422
4,074
35,678
Creditors: amounts falling due within one year
6
(45,329)
(96,424)
Net current liabilities
(41,255)
(60,746)
Total assets less current liabilities
1,059,358
1,039,961
Creditors: amounts falling due after more than one year
7
(700,000)
(700,000)
Provisions for liabilities
(75,056)
(75,071)
Net assets
284,302
264,890
Capital and reserves
Called up share capital
8
1,000
1,000
Revaluation reserve
224,817
224,817
Profit and loss reserves
58,485
39,073
Total equity
284,302
264,890
MARYWHARF LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 June 2025 and are signed on its behalf by:
Mr R J Farah
Mrs R M Farah
Director
Director
Company registration number 13202508 (England and Wales)
MARYWHARF LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Marywharf Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 St. Stephen Martyr, 2 St. Stephen's Road, Bournemouth, BH2 6LB.

1.1
Reporting period

The previous accounting period had been extended to cover a 13 month period to 31 March 2024. This was to align the accounting reference date with a related company. As such the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value.

1.3
Going concern

At the balance sheet date the company has net current liabilities of £41,255. However £28,873 of this is due to the directors. The directors will not seek repayment of this loan until the company is in a position to do so. As such the directors believe that the company will be able to meet its liabilities as they fall due. Accordingly the accounts have been prepared using the going concern basis.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent in the normal course of business, and is shown net of VAT and other sales related taxes.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 year straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

MARYWHARF LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.8
Taxation

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

Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2024
909
Additions
251
At 31 March 2025
1,160
Depreciation and impairment
At 1 April 2024
202
Depreciation charged in the year
345
At 31 March 2025
547
Carrying amount
At 31 March 2025
613
At 31 March 2024
707
MARYWHARF LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,100,000
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
800,244
800,244
Accumulated depreciation
-
-
Carrying amount
800,244
800,244
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,424
1,256
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
4,572
2,236
Other creditors
40,757
94,188
45,329
96,424
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
700,000
700,000
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
432
432
432
432
B Ordinary shares of £1 each
568
568
568
568
1,000
1,000
1,000
1,000
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