REGISTERED NUMBER: 08005878 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

MARCH PROPERTY & CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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.

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 ) .

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

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

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.

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.