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Registered number: 13989215
Marjen Property Management Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Johnston Wood Roach Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13989215
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,449,500 2,270,467
2,449,500 2,270,467
CURRENT ASSETS
Debtors 5 286 2,163
Cash at bank and in hand 74,026 24,382
74,312 26,545
Creditors: Amounts Falling Due Within One Year 6 (1,586,423 ) (1,568,747 )
NET CURRENT ASSETS (LIABILITIES) (1,512,111 ) (1,542,202 )
TOTAL ASSETS LESS CURRENT LIABILITIES 937,389 728,265
Creditors: Amounts Falling Due After More Than One Year 7 (872,035 ) (872,035 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,758 ) -
NET ASSETS/(LIABILITIES) 20,596 (143,770 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 134,275 -
Profit and Loss Account (113,681 ) (143,772 )
SHAREHOLDERS' FUNDS 20,596 (143,770)
Page 1
Page 2
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mario Sammut
Director
14 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marjen Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13989215 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned rom the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the period in which the service occurred. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.5. Investment Properties
All investment properties are 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2024 2,270,467
Revaluation 179,033
As at 31 March 2025 2,449,500
Net Book Value
As at 31 March 2025 2,449,500
As at 1 April 2024 2,270,467
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 1,947
Other debtors 286 216
286 2,163
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 179 1
Other creditors 1,586,244 1,568,746
1,586,423 1,568,747
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 872,035 872,035
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 872,035 872,035
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 134,275
As at 31 March 2025 134,275
Page 4