REGISTERED NUMBER: 01279523 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MARNEL BUILDING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M R O'Neil

SECRETARY:

Mrs A M O'Neil

REGISTERED OFFICE:

35 Philip's Street

Cheltenham

Gloucestershire

GL50 2BP

REGISTERED NUMBER:

01279523 (England and Wales)

ACCOUNTANTS:

Devereux & Co

2 Court Mews

268 London Road

Charlton Kings

Cheltenham

Gloucestershire

GL52 6HS

FIXED ASSETS

Tangible assets

4

412,622

413,492

CURRENT ASSETS

Stocks

45,718

7,039

Debtors

5

-

12,306

Cash at bank

5,906

40,232

51,624

59,577

CREDITORS

Amounts falling due within one year

6

83,538

76,242

NET CURRENT LIABILITIES

(31,914

)

(16,665

)

TOTAL ASSETS LESS CURRENT LIABILITIES

380,708

396,827

CREDITORS

Amounts falling due after more than one year

7

115,713

137,615

NET ASSETS

264,995

259,212

CAPITAL AND RESERVES

Called up share capital

20,085

20,085

Share premium

2,590

2,590

Revaluation reserve

9

220,857

220,857

Retained earnings

21,463

15,680

SHAREHOLDERS' FUNDS

264,995

259,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 December 2025 and were signed by:

M R O'Neil - Director

1.	STATUTORY INFORMATION

Marnel Building 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

410,000

33,940

443,940

DEPRECIATION

At 1 April 2024

-

30,448

30,448

Charge for year

-

870

870

At 31 March 2025

-

31,318

31,318

NET BOOK VALUE

At 31 March 2025

410,000

2,622

412,622

At 31 March 2024

410,000

3,492

413,492

Included in cost or valuation of land and buildings is freehold land of £ 410,000 (2024 - £ 410,000 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2007

220,857

-

220,857

Cost

189,143

33,940

223,083

410,000

33,940

443,940

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

12,306

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,850

20,850

Trade creditors

10,461

7,036

Taxation and social security

24,638

22,789

Other creditors

27,589

25,567

83,538

76,242

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

20,850

20,850

Other creditors

94,863

116,765

115,713

137,615

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

94,863

116,765

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

41,700

41,700

Other loans

94,863

116,765

136,563

158,465

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

220,857

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £500 were paid to the director .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is M R O'Neil.