Company Registration No. 12450004 (England and Wales)
Marvel Mortgages & Protection Ltd
Unaudited accounts
for the year ended 28 February 2025
Marvel Mortgages & Protection Ltd
Unaudited accounts
Contents
Marvel Mortgages & Protection Ltd
Company Information
for the year ended 28 February 2025
Company Number
12450004 (England and Wales)
Registered Office
104 Liverpool Road
Red Street
Newcastle
ST5 7AF
England
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Marvel Mortgages & Protection Ltd
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
4,336
6,639
Creditors: amounts falling due within one year
(10,163)
(11,100)
Net current assets
2,510
5,876
Total assets less current liabilities
2,680
6,212
Creditors: amounts falling due after more than one year
(2,248)
(5,667)
Called up share capital
1
1
Profit and loss account
431
544
Shareholders' funds
432
545
For the year ending 28 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2025 and were signed on its behalf by
Mr G Wilding
Director
Company Registration No. 12450004
Marvel Mortgages & Protection Ltd
Notes to the Accounts
for the year ended 28 February 2025
Marvel Mortgages & Protection Ltd is a private company, limited by shares, registered in England and Wales, registration number 12450004. The registered office is 104 Liverpool Road, Red Street, Newcastle, ST5 7AF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Marvel Mortgages & Protection Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due after more than one year
Other debtors
8,337
10,337
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,333
3,333
Taxes and social security
5,326
6,899
Loans from directors
594
4
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).