Registered number
12313096
MRMD PROPERTY LIMITED
Filleted Accounts
30 November 2024
MRMD PROPERTY LIMITED
Registered number: 12313096
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 360 360
Investments 4 1,144,029 1,144,029
1,144,389 1,144,389
Current assets
Cash at bank and in hand 130 3,795
Creditors: amounts falling due within one year 5 (306,132) (303,947)
Net current liabilities (306,002) (300,152)
Total assets less current liabilities 838,387 844,237
Creditors: amounts falling due after more than one year 6 (840,524) (840,524)
Net (liabilities)/assets (2,137) 3,713
Capital and reserves
Called up share capital 2 2
Profit and loss account (2,139) 3,711
Shareholders' funds (2,137) 3,713
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Ramis
Director
Approved by the board on 20 August 2025
MRMD PROPERTY LIMITED
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 360
At 30 November 2024 360
Depreciation
At 30 November 2024 -
Net book value
At 30 November 2024 360
At 30 November 2023 360
4 Investments
Other
investments
£
Cost
At 1 December 2023 1,144,029
At 30 November 2024 1,144,029
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 306,132 303,947
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 840,524 840,524
The above loans are secured over the proeprties held by the company.
7 Other information
MRMD PROPERTY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
10 Leyfield
Albourne
Hassocks
East Sussex
6 9DA
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