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REGISTERED NUMBER: 04669696 (England and Wales)

















MARLBOROUGH BUSINESS PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






MARLBOROUGH BUSINESS PARK LIMITED (REGISTERED NUMBER: 04669696)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARLBOROUGH BUSINESS PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J S King
M J G King





REGISTERED OFFICE: 124 Great North Road
Hatfield
Hertfordshire
AL9 5JN





REGISTERED NUMBER: 04669696 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

MARLBOROUGH BUSINESS PARK LIMITED (REGISTERED NUMBER: 04669696)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 5,325,000 5,206,000

CURRENT ASSETS
Debtors 5 805,749 738,915
Cash at bank 459,872 423,788
1,265,621 1,162,703
CREDITORS
Amounts falling due within one year 6 398,845 316,202
NET CURRENT ASSETS 866,776 846,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,191,776

6,052,501

CREDITORS
Amounts falling due after more than one
year

7

(2,215,000

)

(2,315,000

)

PROVISIONS FOR LIABILITIES (200,958 ) (169,993 )
NET ASSETS 3,775,818 3,567,508

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,775,817 3,567,507
3,775,818 3,567,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MARLBOROUGH BUSINESS PARK LIMITED (REGISTERED NUMBER: 04669696)

BALANCE SHEET - continued
30 SEPTEMBER 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 profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





M J G King - Director


MARLBOROUGH BUSINESS PARK LIMITED (REGISTERED NUMBER: 04669696)

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

1. STATUTORY INFORMATION

Marlborough Business Park Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Preparation of 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 as modified by the revaluation of certain assets.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The financial statements have been prepared on a going concern basis.

The Company has taken advantage of exemption under the terms of Financial Reporting Standard 102 not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
Estimates and judgements are periodically evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

The company's critical accounting judgements and estimates are in respect of the fair value of freehold investment properties.

Details of these judgements and estimates are described in the relevant accounting policy and detailed notes to the financial statements as set out below:

Freehold investment properties:

Property held for investment is valued by the directors to determine its fair value using the yield methodology. The valuations are based on assumptions including future rental income and anticipated costs. The directors also make reference to the market evidence of transaction prices for similar properties (see accounting policy on investment properties).

Debtors:

Judgment is exercised in considering the recoverability of any rent arrears.

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

Investment property
Freehold investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Borrowing costs directly attributable to the acquisition and construction of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use, are added to the cost of those assets until such time as the assets are substantially ready for letting.

MARLBOROUGH BUSINESS PARK LIMITED (REGISTERED NUMBER: 04669696)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as rent receivable and other accounts receivable and payable and loans from banks and related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
The charge for taxation is based on the profit or loss for the year and takes into account taxation deferred. Current tax is measured at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date. Deferred tax balances are not discounted.

Rental income receivable
Rental income receivable under occupational leases is credited to profit or loss on a straight line basis over the terms of the leases.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 5,206,000
Revaluations 119,000
At 30 September 2024 5,325,000
NET BOOK VALUE
At 30 September 2024 5,325,000
At 30 September 2023 5,206,000

The freehold investment properties were revalued on 30 September 2024 by independent valuation experts at open market value. A revaluation gain arising in the year of £119,000 (2023: revaluation loss £688,000) has been recognised in profit or loss.

The historical cost of the freehold investment properties was £4,055,013 (2023 - £4,055,013). Included within cost at 30 September 2024 are capitalised borrowing costs of £277,077 (2023 - £277,077).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,622 -
Amounts owed by group undertakings 635,000 635,000
Other debtors 60,127 103,915
805,749 738,915

MARLBOROUGH BUSINESS PARK LIMITED (REGISTERED NUMBER: 04669696)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 100,000 100,000
Trade creditors 25,058 -
Taxation and social security 57,585 85,939
Other creditors 216,202 130,263
398,845 316,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,215,000 2,315,000

The loans are repayable by instalments in less than five years.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,315,000 2,415,000

The bank loan is secured on the company's freehold property and the interest rate is variable.