IRIS Accounts Production v25.4.12.37 08005878 director 31.3.24 30.3.25 30.3.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08005878 2024-03-30 08005878 2025-03-30 08005878 2024-03-31 2025-03-30 08005878 2023-03-30 08005878 2023-03-31 2024-03-30 08005878 2024-03-30 08005878 ns15:EnglandWales 2024-03-31 2025-03-30 08005878 ns14:PoundSterling 2024-03-31 2025-03-30 08005878 ns10:Director1 2024-03-31 2025-03-30 08005878 ns10:PrivateLimitedCompanyLtd 2024-03-31 2025-03-30 08005878 ns10:SmallEntities 2024-03-31 2025-03-30 08005878 ns10:AuditExempt-NoAccountantsReport 2024-03-31 2025-03-30 08005878 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-31 2025-03-30 08005878 ns10:SmallCompaniesRegimeForAccounts 2024-03-31 2025-03-30 08005878 ns10:FullAccounts 2024-03-31 2025-03-30 08005878 ns10:OrdinaryShareClass1 2024-03-31 2025-03-30 08005878 ns10:RegisteredOffice 2024-03-31 2025-03-30 08005878 ns5:CurrentFinancialInstruments 2025-03-30 08005878 ns5:CurrentFinancialInstruments 2024-03-30 08005878 ns5:Non-currentFinancialInstruments 2025-03-30 08005878 ns5:Non-currentFinancialInstruments 2024-03-30 08005878 ns5:ShareCapital 2025-03-30 08005878 ns5:ShareCapital 2024-03-30 08005878 ns5:RevaluationReserve 2025-03-30 08005878 ns5:RevaluationReserve 2024-03-30 08005878 ns5:RetainedEarningsAccumulatedLosses 2025-03-30 08005878 ns5:RetainedEarningsAccumulatedLosses 2024-03-30 08005878 ns5:PlantMachinery 2024-03-31 2025-03-30 08005878 ns5:MotorVehicles 2024-03-31 2025-03-30 08005878 ns5:ComputerEquipment 2024-03-31 2025-03-30 08005878 ns5:PlantMachinery 2024-03-30 08005878 ns5:MotorVehicles 2024-03-30 08005878 ns5:ComputerEquipment 2024-03-30 08005878 ns5:PlantMachinery 2025-03-30 08005878 ns5:MotorVehicles 2025-03-30 08005878 ns5:ComputerEquipment 2025-03-30 08005878 ns5:PlantMachinery 2024-03-30 08005878 ns5:MotorVehicles 2024-03-30 08005878 ns5:ComputerEquipment 2024-03-30 08005878 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-03-30 08005878 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-03-31 2025-03-30 08005878 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-03-30 08005878 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-03-30 08005878 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-30 08005878 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-30 08005878 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2025-03-30 08005878 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2024-03-30 08005878 ns5:Secured 2025-03-30 08005878 ns5:Secured 2024-03-30 08005878 ns5:DeferredTaxation 2024-03-30 08005878 ns5:DeferredTaxation 2025-03-30 08005878 ns10:OrdinaryShareClass1 2025-03-30 08005878 ns5:RevaluationReserve 2024-03-30 08005878 ns10:Director1 1 2024-03-30 08005878 ns10:Director1 1 2023-03-30 08005878 ns10:Director1 1 2024-03-31 2025-03-30 08005878 ns10:Director1 1 2023-03-31 2024-03-30 08005878 ns10:Director1 1 2025-03-30 08005878 ns10:Director1 1 2024-03-30

REGISTERED NUMBER: 08005878 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

MARCH PROPERTY & CONSTRUCTION LIMITED

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MARCH PROPERTY & CONSTRUCTION LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 MARCH 2025

| DIRECTOR: | B H Selhi

| REGISTERED OFFICE: | Daws House

| 33-35 Daws Lane

| London

| NW7 4SD

| REGISTERED NUMBER: | 08005878 (England and Wales)

| ACCOUNTANTS: | TC Group

| 1st Floor

| 5-7 Portugal Place

| Cambridge

| Cambridgeshire

| CB5 8AF

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

BALANCE SHEET

30 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 86,606 |  | 113,850 |  |

CURRENT ASSETS

Stocks | 323,552 |  | 378,680 |  |

Debtors | 6 | 411,363 |  | 381,131 |  |

Cash and cash equivalents | 39,480 |  | 20,837 |  |

774,395 |  | 780,648 |  |

CREDITORS

Amounts falling due within one year | 7 | (394,419 | ) | (424,884 | ) |

NET CURRENT ASSETS | 379,976 |  | 355,764 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 466,582 |  | 469,614 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (264,912 | ) | (351,665 | ) |

PROVISIONS FOR LIABILITIES | 10 | (21,115 | ) | (19,859 | ) |

NET ASSETS | 180,555 |  | 98,090 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 300 |  | 300 |  |

Revaluation reserve | 12 | 32,094 |  | 32,094 |  |

Retained earnings | 148,161 |  | 65,696 |  |

SHAREHOLDERS' FUNDS | 180,555 |  | 98,090 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

BALANCE SHEET - continued

30 MARCH 2025

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2026 and were signed by:

B H Selhi - Director

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

1. | STATUTORY INFORMATION

| March Property & Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| In preparing these financial statements, the director has made judgements, estimates and assumptions that affect the amounts recognised in the financial statements. These judgements and estimates are continually evaluated and are based on historical experience and other factors considered reasonable under the circumstances. Actual results may differ from these estimates.

| 1. Revenue Recognition on Long-Term Contracts

| The company recognises revenue from construction contracts based on the stage of completion at the reporting date. This requires judgement in assessing:

| the total expected costs of each contract,

| the proportion of work completed at the year end, and

| the recoverability of contract variations and claims.

| Given the nature of construction activities, these assessments involve inherent uncertainty. Changes in project scope, subcontractor performance, or unforeseen site conditions may cause actual outcomes to differ from estimates.

| 2. Valuation of Work in Progress

| Work in progress is measured at cost plus attributable profit, less foreseeable losses. Determining the appropriate level of profit to recognise requires judgement regarding:

| the accuracy of cost forecasts,

| the likelihood of completing the project within budget, and

| the probability of recovering amounts due from customers.

| These estimates directly affect the carrying value of work in progress and the timing of profit recognition.

| 3. Useful Economic Lives and Residual Values of Tangible Fixed Assets

| Depreciation is charged to write down assets to their estimated residual values over their expected useful lives. The director reviews these estimates annually. Judgement is required in assessing:

| the pattern of consumption of economic benefits,

| the condition and usage of assets, and

| the impact of technological or market changes.

| Actual asset lives may differ from estimates, affecting depreciation charges and net book values.

| 4. Assessment of Doubtful Debts

| The company assesses the recoverability of trade and other debtors at each reporting date. Judgement is required in evaluating:

| the financial position of customers,

| the age and pattern of settlement of outstanding balances,

| any disputes or known collection issues, and

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| historical default experience within the industry.

| Where there is objective evidence that amounts may not be recoverable, an impairment provision is recognised.

| Turnover

| Turnover represents the provision of construction services, excluding value added tax. Turnover is recognised when the right to consideration has been earnt.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 material 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.

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Work in progress

| Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first forseen.

| Going concern

| The financial statements have been prepared on a going concern basis. In assessing whether the going concern basis is appropriate, the director has considered the company’s financial position, future trading prospects, cash flow forecasts and the availability of ongoing funding facilities.

| The company is funded in part by external borrowings, which are subject to agreed repayment terms. The director is satisfied that the company will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 5 ) .

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 31 March 2024 | 31,171 |  | 129,237 |  | 5,283 |  | 165,691 |  |

| Additions | 1,226 |  | - |  | 3,774 |  | 5,000 |  |

| Disposals | - |  | (6,000 | ) | - |  | (6,000 | ) |

| At 30 March 2025 | 32,397 |  | 123,237 |  | 9,057 |  | 164,691 |  |

| DEPRECIATION

| At 31 March 2024 | 10,721 |  | 38,237 |  | 2,883 |  | 51,841 |  |

| Charge for year | 5,419 |  | 22,750 |  | 1,544 |  | 29,713 |  |

| Eliminated on disposal | - |  | (3,469 | ) | - |  | (3,469 | ) |

| At 30 March 2025 | 16,140 |  | 57,518 |  | 4,427 |  | 78,085 |  |

| NET BOOK VALUE

| At 30 March 2025 | 16,257 |  | 65,719 |  | 4,630 |  | 86,606 |  |

| At 30 March 2024 | 20,450 |  | 91,000 |  | 2,400 |  | 113,850 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 31 March 2024 | 125,674 |  |

| Disposals | (6,000 | ) |

| At 30 March 2025 | 119,674 |  |

| DEPRECIATION

| At 31 March 2024 | 40,418 |  |

| Charge for year | 21,314 |  |

| Eliminated on disposal | (3,469 | ) |

| At 30 March 2025 | 58,263 |  |

| NET BOOK VALUE

| At 30 March 2025 | 61,411 |  |

| At 30 March 2024 | 85,256 |  |

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 226,130 |  | 263,119 |  |

| Other debtors | 185,233 |  | 55,077 |  |

411,363 |  | 318,196 |  |

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 MARCH 2025

6. | DEBTORS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due after more than one year:

| Other debtors | - |  | 62,935 |  |

| Aggregate amounts | 411,363 |  | 381,131 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 66,003 |  | 136,247 |  |

| Hire purchase contracts | 21,453 |  | 19,807 |  |

| Trade creditors | 48,796 |  | 81,491 |  |

| Taxation and social security | 252,959 |  | 146,226 |  |

| Other creditors | 5,208 |  | 41,113 |  |

394,419 |  | 424,884 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 213,591 |  | 282,037 |  |

| Hire purchase contracts | 51,321 |  | 69,628 |  |

264,912 |  | 351,665 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 72,774 |  | 89,435 |  |

| Reward Capital Loan | 261,200 |  | - |  |

333,974 |  | 89,435 |  |

| At the balance sheet date the outstanding loan in favour of Reward Capital amounting to £261,200 is secured by way of a debenture incorporating a floating charge over the assets of the company.

| Liabilities held under hire purchase agreements are secured against the assets to which they relate.

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 21,115 |  | 19,859 |  |

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 MARCH 2025

10. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 31 March 2024 | 19,859 |  |

| Excess of capital allowances | 1,256 |  |

| over depreciation |

| Balance at 30 March 2025 | 21,115 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 300 | Ordinary | £1 | 300 |  | 300 |  |

12. | RESERVES

| Revaluation

| reserve

£ |

| At 31 March 2024

| and 30 March 2025 | 32,094 |  |

13. | OTHER FINANCIAL COMMITMENTS

| The company had operating lease commitments amounting to £24,000 (2024: £6,500) per year in relation to the rental of office premises.

14. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

2025 | 2024 |

£ | £ |

| B H Selhi

| Balance outstanding at start of year | 63,721 |  | - |  |

| Amounts advanced | 53,335 |  | 63,721 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 117,056 |  | 63,721 |  |

| Advances paid to the director included interest charged to the financial statements of £2,011 (2024: £786) at the HMRC beneficial loan rate of 2.25%. Advances are repayable on demand to the company.

MARCH PROPERTY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 08005878) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 MARCH 2025

15. | RELATED PARTY DISCLOSURES

| Transactions with directors are disclosed within Advances, Credits and Guarantees in accordance with Section 413 of the Companies Act 2006. No other related party transactions requiring disclosure under FRS 102 Section 1A occurred during the year under review.