REGISTERED NUMBER: 00699187 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Market House Arcade Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

660,423

981,663

CURRENT ASSETS

Debtors

5

31,192

191,746

Cash at bank

6,759

3,395

37,951

195,141

CREDITORS

Amounts falling due within one year

6

36,126

331,844

NET CURRENT ASSETS/(LIABILITIES)

1,825

(136,703

)

TOTAL ASSETS LESS CURRENT LIABILITIES

662,248

844,960

CREDITORS

Amounts falling due after more than one year

7

127,957

139,539

NET ASSETS

534,291

705,421

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

310,781

-

Retained earnings

222,510

704,421

SHAREHOLDERS' FUNDS

534,291

705,421

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 22 December 2025 and were signed on its behalf by:

Ms J C Davey - Director

Ms C L Sleep - Director

1.	STATUTORY INFORMATION

Market House Arcade Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00699187

Registered office:

Station Yard

Ashwater

Beaworthy

Devon

EX21 5HA

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.

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

-

20% on reducing balance

Land and buildings not depreciated as they are deemed to be Investment Properties

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 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

979,666

12,670

992,336

Additions

5,708

10,392

16,100

Disposals

(335,902

)

-

(335,902

)

At 31 March 2025

649,472

23,062

672,534

DEPRECIATION

At 1 April 2024

-

10,673

10,673

Charge for year

-

1,438

1,438

At 31 March 2025

-

12,111

12,111

NET BOOK VALUE

At 31 March 2025

649,472

10,951

660,423

At 31 March 2024

979,666

1,997

981,663

The investment properties held by the company were valued on an open market basis on 25 March 2022 by Kivells Chartered Surveyors. The directors have reduced the valuations by 15% to reflect current market conditions. The historic cost of the investment properties is £338,691.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

2,632

Other debtors

31,192

189,114

31,192

191,746

Included in other debtors is £29,602 due from David Viggers Limited a company owned by the directors of this company. The loan is interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

11,445

10,191

Trade creditors

2,750

6,402

Taxation and social security

-

2,087

Other creditors

21,931

313,164

36,126

331,844

Included in other creditors is £14,180 (2024: £240,110) due to the Directors of the company. The amount due is interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

127,957

139,539

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

139,402

149,730

The bank loans are secured on the freehold properties of the company.

9.

RESERVES

Revaluation

reserve

£

Revaluation surplus arising

310,781

At 31 March 2025

310,781