| MARJUL LIMITED |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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 rent of the land and property. Turnover from the rent of the land and property is recognised by referenc to the period relates to the company financial year. |
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Investment property |
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Investment property is included at fair value. Gains are recognised in the Income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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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. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
3 |
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3 |
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| 3 |
Investment property |
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| Investment |
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property |
| £ |
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Cost |
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At 1 October 2024 |
1,997,266 |
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At 30 September 2025 |
1,997,266 |
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Historical cost |
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At 1 October 2024 |
1,188,687 |
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At 30 September 2025 |
1,997,266 |
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Investment property is valued on the basis of its fair value as at 30 September 2025 by the company's internally qualified personnel based on the sales value of similar land and properties in the area. |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Trade debtors |
(3) |
|
2,940 |
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Amounts owed by related company |
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Note 6 |
|
7,602 |
|
- |
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Other debtors |
2,941 |
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- |
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10,540 |
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2,940 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Amounts owed to related company |
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Note 6 |
|
1,993,058 |
|
1,993,058 |
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Taxation and social security costs |
16,546 |
|
23,340 |
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Director account |
9,430 |
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5,610 |
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Other creditors |
38,695 |
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37,756 |
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2,057,729 |
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2,059,764 |
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| 6 |
Related party transactions |
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Ms Maria Flannery and Ms Julia Flannery, directors of the company, jointly own Marjul Properties (Gateshead) Limited and Marjul Properties (Rugby) Limited. During the year, the company paid certain expenses on behalf of these related entities. As at the balance sheet date, the company had amounts receivable of £3,433 from Marjul Properties (Gateshead) Limited and £4,169 from Marjul Properties (Rugby) Limited.
Mr Patrick Flannery is a director of Triplehigh Limited. As at the balance sheet date, the amount owed to Triplehigh Limited was £1,993,058.
There are no fixed terms for repayment. |
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| 7 |
Other information |
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MARJUL LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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27A Maxwell Road |
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Northwood |
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Middlesex |
|
HA6 2XY |