Company No: 02299809 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr M Breen (Appointed 25 July 2024)
	Mr K Marwaha

SECRETARY

Mrs A Marwaha

REGISTERED OFFICE	168 Nine Mile Ride
	Finchampstead
	Wokingham
	RG40 4JB
	United Kingdom

COMPANY NUMBER

02299809 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	3,100		3,285
Investment property	5	2,297,930		2,790,000
		2,301,030		2,793,285
Current assets
Debtors	6	802,153		637,841
Cash at bank and in hand		16,728		10,668
		818,881		648,509
Creditors: amounts falling due within one year	7	( 84,694)		( 132,657)
Net current assets		734,187		515,852
Total assets less current liabilities		3,035,217		3,309,137
Creditors: amounts falling due after more than one year	8	( 1,311,455)		( 1,570,357)
Provision for liabilities		( 226,638)		( 252,625)
Net assets		1,497,124		1,486,155
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		1,497,024		1,486,055
Total shareholders' funds		1,497,124		1,486,155

For the financial year ending 29 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 Profit and Loss Account has not been delivered.

The financial statements of Marr Properties Limited (registered number: 02299809) were approved and authorised for issue by the Board of Directors on 04 December 2025. They were signed on its behalf by:

Mr K Marwaha 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

Marr Properties 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 168 Nine Mile Ride, Finchampstead, Wokingham, RG40 4JB, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover included in the profit and loss account represents rental income for the year.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs
are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are
received.

Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
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.

Tangible fixed assets

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

Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
Computer equipment	20 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property, which is property held to earn rentals and / or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion
of the company.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Investment property valuation
Investment properties are measured at market value, which is not considered to be materially different from the fair value, at the year end date. The directors estimate the market value of the properties each year end taking into consideration the underlying market conditions and evidence of transaction prices for similar properties in the area and the necessary adjustments are made.

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

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 30 March 2024	1,000		23,425		2,819		27,244
Additions	0		0		1,382		1,382
Disposals	( 1,000)		0		0		( 1,000)
At 29 March 2025	0		23,425		4,201		27,626
Accumulated depreciation
At 30 March 2024	0		21,858		2,101		23,959
Charge for the financial year	0		313		254		567
At 29 March 2025	0		22,171		2,355		24,526
Net book value
At 29 March 2025	0		1,254		1,846		3,100
At 29 March 2024	1,000		1,567		718		3,285

5. Investment property

	Investment property
	£
Valuation
As at 30 March 2024	2,790,000
Additions	7,930
Disposals	(500,000)
As at 29 March 2025	2,297,930

Valuation

The fair value of the investment properties have been arrived at on the basis of valuations carried out on 29 March 2025 by the director. the valuations were made on an open market value basis by reference to market evidence of transaction prices, both capital and rental, for similar properties.

6. Debtors

	2025		2024
	£		£
Trade debtors	0		2,830
Amounts owed by Group undertakings	700,027		635,011
Other debtors	102,126		0
	802,153		637,841

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	12,500		16,200
Amounts owed to directors	0		58,340
Accruals	9,120		8,920
Taxation and social security	23,677		6,177
Other creditors	39,397		43,020
	84,694		132,657

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,311,455		1,570,357

Bank loans are secured by way of fixed charges on the investment properties.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary £1 shares of £ 1.00 each	100		100

10. Related party transactions

Transactions with the entity's directors

As at the year end the company was owed £819 from it's directors (2024, the company owed: £58,340). The loan is interest free and has no fixed repayment date other than it is repayable on demand.

Other related party transactions

As at the year end the company was owed £598,220 (2024: £598,220) from a company with a common director. The loan is interest free and has no fixed repayment date other than it is repayable on demand.

As at the year end the company was owed £101,807 (2024: £36,791) from companies with a common director. The loan is interest free and has no fixed repayment date other than it is repayable on demand.