REGISTERED NUMBER: 07276895 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MARYLEBONE PROPERTIES OVERSEAS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R R Shah MSc FRICS

Mrs N Shah

SECRETARIES:

Mrs N Thanki

V B Vaghela

REGISTERED OFFICE:

55A Welbeck Street

London

W1G 9XQ

REGISTERED NUMBER:

07276895 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

6,752

3,155

Investments

5

100

100

6,852

3,255

CURRENT ASSETS

Debtors

6

1,212,878

1,151,276

Cash at bank

252,752

691,311

1,465,630

1,842,587

CREDITORS

Amounts falling due within one year

7

(428,490

)

(521,811

)

NET CURRENT ASSETS

1,037,140

1,320,776

TOTAL ASSETS LESS CURRENT LIABILITIES

1,043,992

1,324,031

PROVISIONS FOR LIABILITIES

9

(661

)

(788

)

NET ASSETS

1,043,331

1,323,243

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,043,231

1,323,143

SHAREHOLDERS' FUNDS

1,043,331

1,323,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

R R Shah MSc FRICS - Director

1.	STATUTORY INFORMATION

Marylebone Properties Overseas 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

BASIS OF PREPARING THE 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Marylebone Properties Overseas Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the duration of the lease

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

153,726

24,790

13,524

192,040

Additions

4,238

368

-

4,606

At 31 December 2024

157,964

25,158

13,524

196,646

DEPRECIATION

At 1 January 2024

153,726

22,384

12,775

188,885

Charge for year

128

694

187

1,009

At 31 December 2024

153,854

23,078

12,962

189,894

NET BOOK VALUE

At 31 December 2024

4,110

2,080

562

6,752

At 31 December 2023

-

2,406

749

3,155

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

1,212,878

1,151,276

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,889

2,889

Amounts owed to group undertakings

267,520

267,520

Taxation and social security

3,231

22,647

Other creditors

154,850

228,755

428,490

521,811

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

20,493

In more than five years

669,400

-

669,400

20,493

The company renewed its office lease on 13 September 2024. Prior to the year end, it made a decision to negotiate the assignment of the same to its subsidiary. Following negotiations with the landlord, the lease was assigned on 4 August 2025.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

661

788

Deferred

tax

£

Balance at 1 January 2024

788

Provided during year

(127

)

Decelerated capital allowances

Balance at 31 December 2024

661

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the company was owed £765,000 (2023 - £765,000) by companies of which R R Shah is a director.

At the balance sheet date, the company owed £147,259 (2023 - £197,259) to a company of which R R Shah is a director.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is R R Shah MSc FRICS.