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REGISTERED NUMBER: 01401278 (England and Wales)

Marragone Flat Management Company

Limited

Financial Statements For The Year Ended 31st March 2026

| Marragone Flat Management Company |

| Limited (Registered number: 01401278) |

Contents of the Financial Statements

For The Year Ended 31st March 2026

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |  | to |  | 5

| Marragone Flat Management Company |

| Limited |

Company Information

For The Year Ended 31st March 2026

| DIRECTORS: | Ms S Canagaretna

| Mr R Mrabet

| REGISTERED OFFICE: | 310 Wellingborough Road

| Northampton

| Northamptonshire

| NN1 4EP

| BUSINESS ADDRESS: | 17 Watergates Lane

| Broadmayne

| Dorchester

| DT2 8HA

| REGISTERED NUMBER: | 01401278 (England and Wales)

| SENIOR STATUTORY AUDITOR: | P A Sparks FCA FCCA

| AUDITORS: | Cheney & Co

| Statutory Auditor

| 310 Wellingborough Road

| Northampton

| NN1 4EP

| Marragone Flat Management Company |

| Limited (Registered number: 01401278) |

Balance Sheet

31st March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 2,032 |  | 2,032 |  |

CURRENT ASSETS

Debtors | 6 | 4,510 |  | 8,708 |  |

Cash at bank | 18,491 |  | 51,881 |  |

23,001 |  | 60,589 |  |

CREDITORS

Amounts falling due within one year | 7 | 22,003 |  | 15,172 |  |

NET CURRENT ASSETS | 998 |  | 45,417 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,030 |  | 47,449 |  |

RESERVES

Income and expenditure account | 3,030 |  | 47,449 |  |

MEMBERS' FUNDS | 3,030 |  | 47,449 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th June 2026 and were signed on its behalf by:

Ms S Canagaretna - Director

| Marragone Flat Management Company |

| Limited (Registered number: 01401278) |

Notes to the Financial Statements

For The Year Ended 31st March 2026

1. | STATUTORY INFORMATION

| Marragone Flat Management Company Limited is a private company, limited by guarantee , 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 (£).

| The principal activity of of the company in the year under review was that of residents' property management.

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.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Income and expenditure

| Income and expenses are included in the financial statements as they become receivable or due.

| Expenses include VAT where applicable as the company is not registered for VAT.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is not provided in respect of Freehold Property.

| This policy represents a departure from the Companies Act 2006 which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

| The effect of the departure from the Companies Act is not shown as the directors consider the amount to be

| immaterial.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit , unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit , unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| Marragone Flat Management Company |

| Limited (Registered number: 01401278) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

| Taxation

| The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

| Service charge account

| In the absence of definitive guidance or rules, Marragone Flat Management Company Limited continues to apply the same accounting treatment as in the 2023 accounts, namely:

| Assets and liabilities in the company's name are treated as assets / liabilities of the company e.g. Service charge debtors and advance payments, bank balances and trade creditors. Transactions are treated as the company's transactions and are debited or credited to the Income and Expenditure Account.

| Service charges are due by the lessees of Marragone Flat Management Company Limited, in respect of expenses and outgoings as set out in Part IV of the Schedule of the lease. Interim payments are demanded in advance and on account of service charges, in accordance with paragraph 10 of Part IV of the lease.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2025 - NIL).

| Marragone Flat Management Company |

| Limited (Registered number: 01401278) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

5. | TANGIBLE FIXED ASSETS

| Freehold

| Land

£ |

| COST

| At 1st April 2025

| and 31st March 2026 | 2,032 |  |

| NET BOOK VALUE

| At 31st March 2026 | 2,032 |  |

| At 31st March 2025 | 2,032 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | - |  | 4,421 |  |

| Other debtors | 4,510 |  | 4,287 |  |

4,510 |  | 8,708 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 1,130 |  | 2,196 |  |

| Other creditors | 20,873 |  | 12,976 |  |

22,003 |  | 15,172 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| P A Sparks FCA FCCA (Senior Statutory Auditor)

| for and on behalf of Cheney & Co

9. | CONTINGENT LIABILITIES

| There were no contingent liabilities as at 31st March 2026 or 31st March 2025.

10. | CAPITAL COMMITMENTS

| There were no capital commitments as at 31st March 2026 or 31st March 2025.

11. | LIMITED BY GUARANTEE

| The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.