MARA PROPERTY LTD
Statement of financial position
as at 30 November 2024
Tangible assets
28,137
34,313
Cash at bank and in hand
4,263
3,564
Creditors: amounts falling due within one year
(137,821)
(130,879)
Net current liabilities
(133,558)
(127,313)
Total assets less current liabilities
(105,421)
(93,000)
Creditors: amounts falling due after more than one year
-
(9)
Net liabilities
(105,421)
(93,009)
Called up share capital
2
2
Profit and loss account
(105,423)
(93,011)
Shareholders' funds
(105,421)
(93,009)
For the year ending 30 November 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
Merrington O'Daniels
Director
Company Registration No. 12319532
MARA PROPERTY LTD
Notes to the Accounts
for the year ended 30 November 2024
MARA PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12319532. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
34,000
25,028
2,000
61,028
At 30 November 2024
34,000
25,028
2,000
61,028
At 1 December 2023
11,138
14,922
655
26,715
Charge for the year
4,115
1,819
242
6,176
At 30 November 2024
15,253
16,741
897
32,891
At 30 November 2024
18,747
8,287
1,103
28,137
At 30 November 2023
22,862
10,106
1,345
34,313
Amounts falling due within one year
MARA PROPERTY LTD
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
137,176
129,165
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).