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Registration number: 10458460

Marroe Developments Limited
Filleted Unaudited Financial Statements
for the Year Ended 29 November 2025

Marroe Developments Limited

(Registration number: 10458460)
Balance Sheet as at 29 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 507,956 | 507,956
Investment property | 5 | 4,000,000 | 4,000,000
Investments | 6 | 1 | 1
|  | 4,507,957 | 4,507,957
Current assets |  |  |
Stocks |  | 4,510,405 | 1,839,123
Debtors | 7 | 18,809 | 153,404
Cash at bank and in hand |  | 100,981 | 968,222
|  | 4,630,195 | 2,960,749
Creditors: Amounts falling due within one year | 8 | (1,459,263) | (2,274,097)
Net current assets |  | 3,170,932 | 686,652
Total assets less current liabilities |  | 7,678,889 | 5,194,609
Creditors: Amounts falling due after more than one year | 8 | (3,668,909) | (1,363,910)
Net assets |  | 4,009,980 | 3,830,699
Capital and reserves |  |  |
Called up share capital | 9 | 99 | 99
Retained earnings |  | 4,009,881 | 3,830,600
Shareholders' funds |  | 4,009,980 | 3,830,699

Marroe Developments Limited

(Registration number: 10458460)
Balance Sheet as at 29 November 2025

For the financial year ending 29 November 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2026 and signed on its behalf by:

Mr D R Roe Director |  |

Marroe Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 6a
Church View
Coney Green Road
Clay Cross
Chesterfield
S45 9HA

Registration number: 10458460

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is pounds sterling, The accounts are rounded to the nearest pound.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that it is a small group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Marroe Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | No depreciation is provided on land and buildings as residual value is equivalent to the deemed cost and so any depreciation is immaterial

Investment property

Investment property is held to earn rentals and/or capital appreciation. It was constructed by the company and transferred to fixed assets at fair value. Investment property is revalued to its fair value, each reporting date and any changes in fair value are recognised in the profit and loss account.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Marroe Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 30 November 2024 | 507,956 | 507,956
At 29 November 2025 | 507,956 | 507,956
Carrying amount
At 29 November 2025 | 507,956 | 507,956
At 29 November 2024 | 507,956 | 507,956

Marroe Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

5 | Investment properties

| 2025 £
At 30 November 2024 | 4,000,000
At 29 November 2025 | 4,000,000

Investment property was constructed by the company and transferred to fixed assets at an open market value in 2021. At tthe balance sheet date, the directors' consider the fair value of the investment property not to have changed and as such no fair value adjustment has been made.

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1 | 1

Subsidiaries | £
Cost or valuation
At 30 November 2024 | 1
At 29 November 2025 | 1
Carrying amount
At 29 November 2025 | 1
At 29 November 2024 | 1

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 13,852 | 22,695
Other debtors | 4,957 | 4,699
Social security and other taxes | - | 126,010
| 18,809 | 153,404

Marroe Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2025

8 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade payables | 17,074 | 851,041
Social security and other taxes | 52,327 | 40,029
Other payables | 1,389,862 | 1,383,027
| 1,459,263 | 2,274,097

| 2025 £ | 2024 £
Due after one year |  |
Other non-current financial liabilities | 3,668,909 | 1,363,910

The directors have provided loan finance to the company totalling £3,668,909 (2024 - £1,363,910), which is not repayable within the next 12 months. No interest is being charged on this loan finance.

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 99 | 99 | 99 | 99