Marvida Properties Ltd

Marvida Properties Ltd
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	4,468,612	4,492,537
		4,468,612	4,492,537
Current assets
Debtors		0	22,558
Cash at bank and in hand		30,920	64,435
		30,920	86,993
Creditors: amount falling due within one year		(2,482,830)	(2,453,112)
Net current assets		(2,451,910)	(2,366,119)

Total assets less current liabilities		2,016,702	2,126,418
Creditors: amount falling due after more than one year		(2,118,702)	(2,125,651)
Net assets		(102,000)	767

Capital and reserves
Called up share capital	4	10,000	10,000
Profit and loss account		(112,000)	(9,233)
Shareholders' funds		(102,000)	767

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

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 30 September 2025 and were signed by:

-------------------------------
Mahrouz Khalil Choudhary
Director

Marvida Properties Ltd
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

Marvida Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10520437, registration address 5 Bishopsbourne, 134-136 Westbourne Terrace, London, United Kingdom, W2 6QB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	18% Reducing Balance
Fixtures and Fittings	18% Reducing Balance
Computer Equipment	18% Reducing Balance
Improvements to property	3% Reducing Balance

2.	Average number of employees Average number of employees during the year was 2 (2023 : 2).

Tangible fixed assets

Cost or valuation	Land and Buildings	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£	£	£
At 01 January 2024	4,237,634	177,451	5,167	6,196	157,614	4,584,062
Additions	-	-	-	2,000	-	2,000
Disposals	-	-	-	-	-	-
At 31 December 2024	4,237,634	177,451	5,167	8,196	157,614	4,586,062
Depreciation
At 01 January 2024	-	63,882	2,821	3,469	21,353	91,525
Charge for year	-	20,556	425	856	4,088	25,925
On disposals	-	-	-	-	-	-
At 31 December 2024	-	84,438	3,246	4,325	25,441	117,450
Net book values
Closing balance as at 31 December 2024	4,237,634	93,013	1,921	3,871	132,173	4,468,612
Opening balance as at 01 January 2024	4,237,634	113,569	2,346	2,727	136,261	4,492,537

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
10,000 Class A shares of £1.00 each	10,000		10,000
	10,000		10,000

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2024 £	2023 £	2024 £	2023 £
Khalil & Kosar International Limited	(79,010)	0	(1,167,010)	(1,088,000)
Country Homes Real Estate WLL	0	10,000	(837,459)	(837,459)
Marvida Trident Dudley Management Co Limited	32,054	5,651	(66,686)	(98,741)

Other Creditors include £1,167,010.00 (2023: £1,088,000.00) owed to Khalil & Kosar International limited a 70% holding company of Marvida Properties ltd.
Other Creditors include £837,459.00 (2023: £837,459.00) owed to Country Homes Real Estate WLL a company registered in Bahrain a related party by virtue of a close family company.
Other Creditors include £66,686.44 (2023: £98,741) owed to Marvida Trident Dudley Management Co Limited a related party by virtue of a close family company.

Registered Number: 10520437
England and Wales
MARVIDA PROPERTIES LTD

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024