REGISTERED NUMBER: 00358273 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

MARINE PROPERTY INVESTMENTS (BRIGHTON)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Krick

SECRETARY:

T C Paddenburg

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

00358273 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

2,415

2,955

Investment property

5

2,043,000

2,436,188

2,045,415

2,439,143

CURRENT ASSETS

Debtors

6

20,326

30,639

Cash at bank

27,954

36,262

48,280

66,901

CREDITORS

Amounts falling due within one year

7

77,337

76,711

NET CURRENT LIABILITIES

(29,057

)

(9,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,016,358

2,429,333

CREDITORS

Amounts falling due after more than one year

8

(321,300

)

(321,300

)

PROVISIONS FOR LIABILITIES

10

(141,134

)

(239,566

)

NET ASSETS

1,553,924

1,868,467

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserve

914,908

1,209,800

Retained earnings

638,916

658,567

SHAREHOLDERS' FUNDS

1,553,924

1,868,467

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2026 and were signed by:

S Krick - Director

1.	STATUTORY INFORMATION

Marine Property Investments (Brighton) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for rents, on a time apportioned basis, from investment properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2024

6,881

Additions

882

Disposals

(2,656

)

At 30 September 2025

5,107

DEPRECIATION

At 1 October 2024

3,926

Charge for year

775

Eliminated on disposal

(2,009

)

At 30 September 2025

2,692

NET BOOK VALUE

At 30 September 2025

2,415

At 30 September 2024

2,955

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

2,436,188

Revaluations

(393,188

)

At 30 September 2025

2,043,000

NET BOOK VALUE

At 30 September 2025

2,043,000

At 30 September 2024

2,436,188

Fair value at 30 September 2025 is represented by:

£

Valuation in 2025

(393,188

)

Valuation in 2017

458,182

Valuation in 2013

(580,000

)

Valuation in 2012

715,000

Valuation in 2011

1,849

Valuation in 2007

11,664

Valuation in 2006

48,523

Valuation in 2005

22,500

Valuation in 2004

770,909

Cost

987,561

2,043,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

987,561

987,561

Investment properties were valued on an open market basis on 30 September 2025 by an independent valuer .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Rent due from tenants

2,674

12,245

Other debtors

11,300

11,375

Prepayments

6,352

7,019

20,326

30,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,350

433

Corporation tax

16,192

19,210

Social security and other taxes

198

(1

)

Tenant deposits held

24,133

24,208

Directors' loan accounts

14,042

13,278

Deferred income

16,762

14,923

Accrued expenses

4,660

4,660

77,337

76,711

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yrs non-inst

321,300

321,300

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

321,300

321,300

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

321,300

321,300

The bank loan is secured with a fixed charge over one of the company's freehold investment properties.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

141,134

239,566

Deferred

tax

£

Balance at 1 October 2024

239,566

Accelerated capital allowances

(135

)

Loss on revaluation

(98,297

)

Balance at 30 September 2025

141,134

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Krick.