Company No: 11380295 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	74,952		70,429
Investments	5	2,284,569		2,094,554
		2,359,521		2,164,983
Current assets
Debtors	6	875,444		601,026
Cash at bank and in hand		317,422		510,321
		1,192,866		1,111,347
Creditors: amounts falling due within one year	7	( 1,960,517)		( 2,294,651)
Net current liabilities		(767,651)		(1,183,304)
Total assets less current liabilities		1,591,870		981,679
Provision for liabilities		( 2,940)		( 3,442)
Net assets		1,588,930		978,237
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,588,830		978,137
Total shareholders' funds		1,588,930		978,237

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Marprop Partners Limited (registered number: 11380295) were approved and authorised for issue by the Board of Directors on 10 December 2025. They were signed on its behalf by:

I R Marris Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marprop Partners Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lower Bridmore Farm, Berwick St John, Shaftesbury, Dorset, SP7 0HG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Marprop Partners Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Fixtures and fittings	15 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the Statement of Income and Retained Earnings.

Leases

The Company as lessee
Rentals paid under operating leases are charged to the profit & loss account on a straight-line basis over the lease term.

Fixed asset investments

Investments are included at cost, net of transaction costs and any impairment losses.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Prior year adjustment

Land introduced into the company by a director on 12 April 2023 had been omitted in error from the accounts for the year ended 31 March 2024. This has now been included as a prior year adjustment. The value of the land was £56,660 which has been added to tangible assets and creditors: amounts falling due within one year. No changes have been made to the profit for 2024 or to the reserves brought forward.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Tangible assets

	Land and buildings		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	56,660		18,827		0		75,487
Additions	0		0		7,354		7,354
At 31 March 2025	56,660		18,827		7,354		82,841
Accumulated depreciation
At 01 April 2024	0		5,058		0		5,058
Charge for the financial year	0		2,066		765		2,831
At 31 March 2025	0		7,124		765		7,889
Net book value
At 31 March 2025	56,660		11,703		6,589		74,952
At 31 March 2024	56,660		13,769		0		70,429

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	2,094,554		2,094,554
Additions	435,219		435,219
Disposals	( 181,408)		( 181,408)
Impairment	( 63,796)		( 63,796)
At 31 March 2025	2,284,569		2,284,569
Carrying value at 31 March 2025	2,284,569		2,284,569
Carrying value at 31 March 2024	2,094,554		2,094,554

6. Debtors

	2025		2024
	£		£
Prepayments	1,980		0
VAT recoverable	1,085		360
Other debtors	872,379		600,666
	875,444		601,026

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,550		0
Amounts owed to directors	1,725,031		2,176,276
Accruals	5,353		5,150
Taxation and social security	227,583		113,225
	1,960,517		2,294,651

8. Financial commitments

Commitments

Total financial commitments, including operating leases, guarantees and contingencies which are not included in the balance sheet amount to £42,985 (2024: £nil).

9. Related party transactions

Included within creditors due within one year is £1,725,031 (2024: £2,176,276) due to the directors. The loan is unsecured, interest free and is repayable on demand.