Marvin Developments Limited Accounts






	Marvin Developments Limited
	Company No. 12422051
	Information for Filing with The Registrar
	31 January 2025

at	31 January 2025
Company No.		12422051	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	2,853	906


				2,853	906
Current assets
	Stocks		5	764,098	4,311,288
	Debtors		6	12,157	11,759

	Cash at bank and in hand			55,230	78,010
				831,485	4,401,057

Net current assets				831,485	4,401,057
Total assets less current liabilities				834,338	4,401,963
Creditors: Amounts falling due after more than one year			7	(1,032,000)	(4,750,410)



Net liabilities				(197,662)	(348,447)

Capital and reserves
	Called up share capital			200	200



	Profit and loss account		8	(197,862)	(348,647)

Total equity				(197,662)	(348,447)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 January 2025 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.


As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 January 2025

And signed on its behalf by:
S.R.N. Kumar
Director
31 January 2025

for the year ended 31 January 2025

General information

Its registered number is: 12422051

Its registered office is:

Suite 7 Regency House

Harold Wood

Romford

Essex

RM3 0BP

The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Accounting policies

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Stocks

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 February 2024	1,208	1,208
		Additions	2,998	2,998



		At 31 January 2025	4,206	4,206
		Depreciation
		At 1 February 2024	302	302
		Charge for the year	1,051	1,051



		At 31 January 2025	1,353	1,353
		Net book values
		At 31 January 2025	2,853	2,853
		At 31 January 2024	906	906

5	Stocks
			2025	2024
			£	£

		Work in progress	764,098	4,311,288

			764,098	4,311,288

6	Debtors
			2025	2024
			£	£
		Trade debtors	10,869	2,115



		VAT recoverable	1,288	9,644



			12,157	11,759

7	Creditors amounts falling due after more than one year:
			2025	2024
			£	£


		Other loans	1,032,000	4,750,410





			1,032,000	4,750,410

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

At the balance sheet date £413,000 was owed to the director by the company.

Controlling party

Immediate controlling party

No single party controls the company