Company Registration No. 10244627 (England and Wales)
Mars Property Limited
Unaudited accounts
for the year ended 31 March 2025
Mars Property Limited
Unaudited accounts
Contents
Mars Property Limited
Company Information
for the year ended 31 March 2025
Directors
Palaniappan Chettiar Alagappan
Malathy Alagappan
Company Number
10244627 (England and Wales)
Registered Office
Aces Accounts & Taxation Ltd
195 High Street
Ongar
Essex
CM5 9JG
England
Accountants
Aces Accounts and Taxation Ltd
195
High Street
Chipping Ongar
Essex
CM5 9JG
Mars Property Limited
Statement of financial position
as at 31 March 2025
Investment property
817,000
781,196
Cash at bank and in hand
15,936
16,428
Creditors: amounts falling due within one year
(162,040)
(170,000)
Net current liabilities
(146,104)
(153,572)
Total assets less current liabilities
671,646
627,624
Creditors: amounts falling due after more than one year
(468,447)
(458,447)
Provisions for liabilities
Other provisions
(21,761)
(14,958)
Net assets
181,438
154,219
Called up share capital
100
100
Revaluation reserve
29,001
-
Profit and loss account
152,337
154,119
Shareholders' funds
181,438
154,219
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by
Palaniappan Chettiar Alagappan
Director
Company Registration No. 10244627
Mars Property Limited
Notes to the Accounts
for the year ended 31 March 2025
Mars Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10244627. The registered office is Aces Accounts & Taxation Ltd, 195 High Street, Ongar, Essex, CM5 9JG, 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:
4
Tangible fixed assets
Total
5
Provisions for liabilities
£
Additional provisions made during the period
6,803
Provisions comprise deferred tax arising on timing differences in respect of the revaluation of investment property.
The deferred tax provision at 31 March 2025 amounted to £21,761 (2024: £14,958).
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).