Marco Polo Properties Limited - Filleted accounts

Registered number

09420628

Marco Polo Properties Limited

Filleted Accounts

31 December 2025

Marco Polo Properties Limited
Registered number:		09420628
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		5,322,203			5,322,203

Current assets
Debtors	4	41,051			64,529
Cash at bank and in hand		155,232			43,517
		196,283			108,046

Creditors: amounts falling due within one year	5	(1,816,952)			(1,810,221)

Net current liabilities			(1,620,669)			(1,702,175)

Total assets less current liabilities			3,701,534			3,620,028

Creditors: amounts falling due after more than one year	6		(92,614)			(166,619)



Net assets			3,608,920			3,453,409

Capital and reserves
Called up share capital			600			600
Profit and loss account			3,608,320			3,452,809

Shareholders' funds			3,608,920			3,453,409

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr T Thevarajah
Director
Approved by the board on 28 April 2026

Marco Polo Properties Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	All fixed assets are initially recorded at cost. No depreciation is provided.

	Investment properties
	Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

	Impairment of fixed assets
	A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	2		2


3	Tangible fixed assets
				Investment properties
£
	Cost
	At 1 January 2025			5,322,203
	At 31 December 2025			5,322,203

	Depreciation
	At 31 December 2025			-

	Net book value
	At 31 December 2025			5,322,203
	At 31 December 2024			5,322,203


4	Debtors	2025		2024
£			£

	Trade debtors	17,051		12,822
	Other debtors	24,000		51,707
		41,051		64,529


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	71,931		67,285
	Trade creditors	504,042		624,041
	Taxation and social security costs	51,837		63,609
	Other creditors	1,189,142		1,055,286
		1,816,952		1,810,221


6	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	92,614		166,619


7	Loans	2025		2024
£			£
	Creditors include:

	Secured bank loans	164,545		233,904

	The bank loan is secured by way of fixed and floating charges over the company’s assets.


8	Related party transactions

	At the year end, included under Other Creditors: amounts falling due within one year the company had an outstanding directors loan in the name of Mr T Thevarajah of £144,284 (2024 - £99,994). This loan is interest free and repayable on demand. During the year the additional amount loaned to the company by Mr T Thevarajah was £44,290 (2024 - £Nil). The highest amount outstanding during the year was £144,284 (2024 - £99,994).


9	Controlling party

	The ultimate controlling party are Mr T Thevarajah and Mrs K Thevarajah..


10	Other information

	Marco Polo Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	56 Wolsey Road
	Northwood
	Middlesex
	HA6 2EH