REGISTERED NUMBER: 05779035 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MARVIC PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr V.J.H. Smith

Mr M. Smith

SECRETARY:

Mr V.J.H. Smith

REGISTERED OFFICE:

United House

The Street

Takeley

Essex

CM22 6QR

REGISTERED NUMBER:

05779035 (England and Wales)

FIXED ASSETS

Investment property

4

556,613

556,613

CURRENT ASSETS

Debtors

5

5,833

4,784

Cash at bank

36,688

103,290

42,521

108,074

CREDITORS

Amounts falling due within one year

6

(250,758

)

(326,224

)

NET CURRENT LIABILITIES

(208,237

)

(218,150

)

TOTAL ASSETS LESS CURRENT LIABILITIES

348,376

338,463

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

347,376

337,463

SHAREHOLDERS' FUNDS

348,376

338,463

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 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 17 December 2025 and were signed on its behalf by:

Mr M. Smith - Director

1.	STATUTORY INFORMATION

Marvic Properties 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.

The financial statements are presented in sterling (GBP) which is also the operating currency for the company and rounded to the nearest pound.

Turnover

The company's turnover derives from rental income arising from the investments in residential properties.

Investment properties

The company's investment properties have been valued at their open market value. The valuation of the investment properties is undertaken annually by the company directors with periodic external open market valuations. Any change in the value of the properties is reflected within the profit and loss account for the period.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

556,613

NET BOOK VALUE

At 31 March 2025

556,613

At 31 March 2024

556,613

Fair value at 31 March 2025 is represented by:

£

Cost

556,613

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,280

630

Other debtors

4,553

4,154

5,833

4,784

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

223

1,965

Taxation and social security

2,052

6,501

Other creditors

248,483

317,758

250,758

326,224

7.	RELATED PARTY DISCLOSURES

A director loan from Mr V Smith is repayable by the company and presented as due within one year as it is repayable on demand. It is non-interest bearing and unsecured.

During the year, the company received income and incurred expenditure on a residential property owned by a director. These transactions are shown as belonging to the relevant director.