Company registration number 07345267 (England and Wales)
MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
634
853
Current assets
Debtors
6
20,033
107,522
Cash at bank and in hand
11,909
563
31,942
108,085
Creditors: amounts falling due within one year
7
(83,170)
(135,575)
Net current liabilities
(51,228)
(27,490)
Total assets less current liabilities
(50,594)
(26,637)
Provisions for liabilities
(120)
(162)
Net liabilities
(50,714)
(26,799)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(50,814)
(26,899)
Total equity
(50,714)
(26,799)

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 April 2026 and are signed on its behalf by:
A Healy-Pierce
Director
Company registration number 07345267 (England and Wales)
MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Marlow Commercial Property Management Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Regency House, Mere Park, Dedmere Road, Marlow, Buckinghamshire, SL7 1FJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
Between 15% and 33.3% Reducing Balance

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.

MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash at bank and in hand

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 current liabilities.

1.8
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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
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 paymen ts 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. A m ounts 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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee 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.

MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
1
Amortisation and impairment
At 1 January 2024 and 31 December 2024
1
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
12,002
Depreciation and impairment
At 1 January 2024
11,149
Depreciation charged in the year
219
At 31 December 2024
11,368
Carrying amount
At 31 December 2024
634
At 31 December 2023
853
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,635
11,227
Corporation tax recoverable
-
0
88,175
Other debtors
18,398
8,120
20,033
107,522
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
30,047
Trade creditors
547
4,710
Taxation and social security
4,676
4,710
Other creditors
77,947
96,108
83,170
135,575
MARLOW COMMERCIAL PROPERTY MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
11,231
4,176
9
Related party transactions
Remuneration of key management personnel
2024
2023
£
£
Aggregate compensation
61,382
75,000
Transactions with related parties

During the year the company entered into the following transactions with related parties:

At year end the company owed £72,190 (2023: £88,5 00 ) to Mr R Palmano, a shareholder of the company.

At the year end £5,502 (2023: £5,502 ) was owed from Dorking Central Storage Ltd (formerly True Holdings (Dorking) L td) , a company registered in Jersey, in which Mr Palmano has a controlling interest. During the year the company charged Dorking Central Storage Ltd £nil (2023: £6,000) project management fees.

A dividend of £Nil (2023: £Nil) was paid to the shareholders.

10
Ultimate controlling party

The company is controlled by Mr R Palmano by virtue of his shareholding.

2024-12-31 2024-01-01 false false false 17 April 2026 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mrs L Taylor Mr R Palmano A Healy-Pierce 07345267 2024-01-01 2024-12-31 07345267 2024-12-31 07345267 2023-12-31 07345267 core:OtherPropertyPlantEquipment 2024-12-31 07345267 core:OtherPropertyPlantEquipment 2023-12-31 07345267 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07345267 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07345267 core:ShareCapital 2024-12-31 07345267 core:ShareCapital 2023-12-31 07345267 core:RetainedEarningsAccumulatedLosses 2024-12-31 07345267 core:RetainedEarningsAccumulatedLosses 2023-12-31 07345267 bus:Director3 2024-01-01 2024-12-31 07345267 core:Goodwill 2024-01-01 2024-12-31 07345267 core:FurnitureFittings 2024-01-01 2024-12-31 07345267 2023-01-01 2023-12-31 07345267 core:NetGoodwill 2023-12-31 07345267 core:NetGoodwill 2024-12-31 07345267 core:NetGoodwill 2023-12-31 07345267 core:OtherPropertyPlantEquipment 2023-12-31 07345267 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 07345267 core:CurrentFinancialInstruments 2024-12-31 07345267 core:CurrentFinancialInstruments 2023-12-31 07345267 core:WithinOneYear 2024-12-31 07345267 core:WithinOneYear 2023-12-31 07345267 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07345267 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07345267 bus:FRS102 2024-01-01 2024-12-31 07345267 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07345267 bus:Director1 2024-01-01 2024-12-31 07345267 bus:Director2 2024-01-01 2024-12-31 07345267 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP