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Registration number: 14063678

Marsh Farm Hotel Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Marsh Farm Hotel Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Marsh Farm Hotel Limited

Company Information

Directors | Mr P G Mulchandani Mr Ravi Mulchandani Mr Rajeev Phatahchand Mulchandani

Registered office | 18 Eley Road Edmonton London N18 3BB

Accountants | Kajaine Kafton LLP Chartered Accountants42-46 Station Road Edgware Middlesex HA8 7AB

Marsh Farm Hotel Limited

(Registration number: 14063678)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 250,004 | 250,004
Tangible assets | 5 | 1,539,477 | 1,502,844
|  | 1,789,481 | 1,752,848
Current assets |  |  |
Stocks | 6 | 1,859 | -
Debtors | 7 | 729,099 | 156,731
Cash at bank and in hand |  | (4,956) | 4,326
|  | 726,002 | 161,057
Creditors: Amounts falling due within one year | 8 | (1,842,169) | (1,953,594)
Net current liabilities |  | (1,116,167) | (1,792,537)
Total assets less current liabilities |  | 673,314 | (39,689)
Creditors: Amounts falling due after more than one year | 8 | (667,645) | (1,500)
Net assets/(liabilities) |  | 5,669 | (41,189)
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 5,569 | (41,289)
Shareholders' funds/(deficit) |  | 5,669 | (41,189)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:

Marsh Farm Hotel Limited

(Registration number: 14063678)
Balance Sheet as at 31 December 2024

......................................... Mr P G Mulchandani Director

Marsh Farm Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Eley Road
Edmonton
London
N18 3BB
England

These financial statements were authorised for issue by the Board on 4 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Marsh Farm Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Marsh Farm Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2023 - 21).

Marsh Farm Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 January 2024 | 250,004 | 250,004
At 31 December 2024 | 250,004 | 250,004
Amortisation
Carrying amount
At 31 December 2024 | 250,004 | 250,004
At 31 December 2023 | 250,004 | 250,004

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2024 | 1,346,033 | 156,811 | 1,502,844
Additions | 53,267 | 30,092 | 83,359
At 31 December 2024 | 1,399,300 | 186,903 | 1,586,203
Depreciation
Charge for the year | - | 46,726 | 46,726
At 31 December 2024 | - | 46,726 | 46,726
Carrying amount
At 31 December 2024 | 1,399,300 | 140,177 | 1,539,477
At 31 December 2023 | 1,346,033 | 156,811 | 1,502,844

Included within the net book value of land and buildings above is £1,399,300 (2023 - £1,346,033) in respect of freehold land and buildings.

Marsh Farm Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Stocks

| 2024 £ | 2023 £
Other inventories | 1,859 | -

7 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 719,918 | 45,705
Prepayments | 9,181 | 11,044
Other debtors | - | 99,982
| 729,099 | 156,731

Marsh Farm Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Trade creditors |  | 46,126 | 44,938
Taxation and social security |  | 6,590 | 9,007
Other creditors |  | 1,775,815 | 1,893,513
Accrued expenses |  | 13,638 | 6,136
|  | 1,842,169 | 1,953,594
Due after one year |  |  |
Other financial liabilities |  | 667,645 | 1,500

Creditors: amounts falling due after more than one year

| 2024 £ | 2023 £
Due after one year |  |
Other financial liabilities | 667,645 | 1,500

9 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Share Capital of £1 each | 100 | 100 | 100 | 100

10 | Related party transactions

Summary of transactions with all entities with joint control or significant interest

At the balance sheet date, the amount due to companies with the same ultimate beneficial owners of Marsh Farm Hotel Ltd was £1,768,584 (2023: £1,892,763). These have been disclosed in other creditors.
At the balance sheet date, the amount due from companies with the same ultimate beneficial owners of Marsh Farm Hotel Ltd was £Nil (2023: £99.980). These have been disclosed in other debtors.