Martess Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01808403

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		94,392		96,119

			94,392		96,119
CURRENT ASSETS
Debtors	5	53,428		47,343
Cash at bank and in hand		77,836		108,435

		131,264		155,778
Creditors: Amounts Falling Due Within One Year	6	(3,191 )		(3,263 )

NET CURRENT ASSETS (LIABILITIES)			128,073		152,515

TOTAL ASSETS LESS CURRENT LIABILITIES			222,465		248,634

NET ASSETS			222,465		248,634

CAPITAL AND RESERVES
Called up share capital	7		158		158
Fair value reserve	8		12,266		12,266
Profit and Loss Account			210,041		236,210

SHAREHOLDERS' FUNDS			222,465		248,634

Page 1

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Martess Properties Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 18 March 2026 and were signed on its behalf by:

Mrs Claire Clarke

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Martess Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01808403 . The registered office is 154 Coed Edeyrn Coed Edeyrn, Llanedeyrn, Cardiff, CF23 9JY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the amounts charged to leaseholders during the year.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

33% Reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.6. Funds held on Trust

The cash balance and other assets representing service charge monies received are held under statutory trust on behalf of the leaseholders.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Martess Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2025	79,000	98,932	177,932

As at 31 December 2025	79,000	98,932	177,932

Depreciation
As at 1 January 2025	-	81,813	81,813
Provided during the period	-	1,727	1,727

As at 31 December 2025	-	83,540	83,540

Net Book Value
As at 31 December 2025	79,000	15,392	94,392

As at 1 January 2025	79,000	17,119	96,119

The freehold Investment Property is included in the financial statements at fair value. This is based on a valuation made by the directors of the company, who have no formal qualifications. This class of asset has a current value of £79,000 (2023 - £79,000).

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	27,709	19,953
Prepayments and accrued income	25,719	27,390

	53,428	47,343

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	19	144
Other taxes and social security- PAYE/NI	478	436
Pensions payable	194	183
Accruals and deferred income	2,500	2,500

	3,191	3,263

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Martess Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	158	158

8. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 January 2025	12,266	236,210
Loss for the year and total comprehensive income	-	(26,169 )

As at 31 December 2025	12,266	210,041

9. Related Party Transactions

The company is beneficially owned by its members who are tenants of the flats. There were no related party transactions identified during the year.