Company registration number 7777667 (England and Wales)
MARSDEN PROPERTY DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MARSDEN PROPERTY DEVELOPMENTS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Marsden Property Developments Limited
MARSDEN PROPERTY DEVELOPMENTS LIMITED
Statement of Financial Position
as at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
116,508
119,814
Current assets
Stocks
8,594
8,594
Debtors
3,980
5,912
Cash at bank and in hand
1,322
342
13,896
14,848
Creditors: amounts falling due within one year
(89,404)
(70,009)
Net current liabilities
(75,508)
(55,161)
Total assets less current liabilities
41,000
64,653
Creditors: amounts falling due after more than one year
(73,949)
(80,059)
Net liabilities
(32,949)
(15,406)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(33,049)
(15,506)
Total equity
(32,949)
(15,406)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

Marsden Property Developments Limited
MARSDEN PROPERTY DEVELOPMENTS LIMITED
Statement of Financial Position (CONTINUED)
as at 30 September 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 26 June 2025
D Marsden
Director
Company Registration No. 7777667
Marsden Property Developments Limited
MARSDEN PROPERTY DEVELOPMENTS LIMITED
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
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. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT.

 

Turnover is recognised upon provision of services.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation.

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

Freehold land and buildings
2% straight line
Plant and equipment
15% reducing balance
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Marsden Property Developments Limited
MARSDEN PROPERTY DEVELOPMENTS LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 30 September 2024
- 4 -
2
Employees

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

2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Total
£
Cost
At 1 October 2023 and 30 September 2024
10,000
Amortisation and impairment
At 1 October 2023 and 30 September 2024
10,000
Carrying amount
At 30 September 2024
-
0
At 30 September 2023
-
0
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023 and 30 September 2024
143,156
3,420
2,031
5,750
154,357
Depreciation and impairment
At 1 October 2023
25,309
2,934
1,914
4,386
34,543
Depreciation charged in the year
2,863
73
29
341
3,306
At 30 September 2024
28,172
3,007
1,943
4,727
37,849
Carrying amount
At 30 September 2024
114,984
413
88
1,023
116,508
At 30 September 2023
117,847
486
117
1,364
119,814
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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