REGISTERED NUMBER: 04191842 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Lower Marsh Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Josephs

B Stanislaus

REGISTERED OFFICE:

67 Westow Street

London

SE19 3RW

REGISTERED NUMBER:

04191842 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

United Kingdom

SE19 3RW

FIXED ASSETS

Tangible assets

5

466

933

Investments

6

407,700

407,700

Investment property

7

315,000

315,000

723,166

723,633

CURRENT ASSETS

Debtors

8

481,941

504,587

Cash at bank and in hand

7,894

11,789

489,835

516,376

CREDITORS

Amounts falling due within one year

9

613,277

633,199

NET CURRENT LIABILITIES

(123,442

)

(116,823

)

TOTAL ASSETS LESS CURRENT LIABILITIES

599,724

606,810

CREDITORS

Amounts falling due after more than one year

10

553,883

562,883

NET ASSETS

45,841

43,927

CAPITAL AND RESERVES

Called up share capital

12

2

2

Fair value reserve

13

35,742

35,742

Retained earnings

13

10,097

8,183

SHAREHOLDERS' FUNDS

45,841

43,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 October 2025 and were signed on its behalf by:

R A Josephs - Director

1.	STATUTORY INFORMATION

Lower Marsh 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover

Turnover represents income received from the rental of investment properties.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

and 31 October 2024

1,399

DEPRECIATION

At 1 November 2023

466

Charge for year

467

At 31 October 2024

933

NET BOOK VALUE

At 31 October 2024

466

At 31 October 2023

933

6.	FIXED ASSET INVESTMENTS

31.10.24

31.10.23

£

£

Other investments not loans

407,700

407,700

Additional information is as follows:

Unlisted

investments

£

COST

At 1 November 2023

and 31 October 2024

400,000

NET BOOK VALUE

At 31 October 2024

400,000

At 31 October 2023

400,000

Investments (neither listed nor unlisted) were as follows:

31.10.24

31.10.23

£

£

Freehold title

7,700

7,700

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

and 31 October 2024

315,000

NET BOOK VALUE

At 31 October 2024

315,000

At 31 October 2023

315,000

The investment properties are valued annually by the director on an open market existing use basis.

The historical cost of the investment properties amount to £279,258 (2023 - £279,258).

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Other debtors

481,941

504,587

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

9,000

9,000

Taxation and social security

74,003

65,663

Other creditors

530,274

558,536

613,277

633,199

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

6,750

15,750

Other creditors

547,133

547,133

553,883

562,883

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgages

547,133

547,133

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.24

31.10.23

£

£

Mortgages

547,133

547,133

The loans are secured over the company's investment properties and all other future assets of the company. Interest is payable at an average of 3.52% per annum. The loans are repayable between 2031 and 2033.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

£

2

Ordinary

£1

2

2

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 November 2023

8,183

35,742

43,925

Profit for the year

21,914

21,914

Dividends

(20,000

)

(20,000

)

At 31 October 2024

10,097

35,742

45,839

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

£

R A Josephs

Balance outstanding at start of year

(140

)

(3,085

)

Amounts advanced

16,065

27,245

Amounts repaid

(16,000

)

(24,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(75

)

(140

)

B Stanislaus

Balance outstanding at start of year

116,913

53,480

Amounts advanced

7,859

87,733

Amounts repaid

(21,000

)

(24,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

103,772

116,913

Interest is charged on the directors' advances at 2.5% per annum.

15.	RELATED PARTY DISCLOSURES

Other creditors include £490,443 (2023 - £523,467) owing to Joel Investments Ltd, which is connected company.

Other debtors include £12,040 (2023 - £6,978) due from Paddock Works Ltd and £107,915 (2023 - £107,915) due from Joel Developments Ltd, which are connected companies.