Marff Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 08795732

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		2,249,826		2,249,826
Investments			75,413		75,413

			2,325,239		2,325,239
CURRENT ASSETS
Stocks	5	1,014,303		1,014,303
Debtors	6	6,675		1,675
Cash at bank and in hand		3,429		3,787

		1,024,407		1,019,765
Creditors: Amounts Falling Due Within One Year	7	(55,499 )		(54,202 )

NET CURRENT ASSETS (LIABILITIES)			968,908		965,563

TOTAL ASSETS LESS CURRENT LIABILITIES			3,294,147		3,290,802

Creditors: Amounts Falling Due After More Than One Year	8		(3,162,044 )		(3,172,044 )

NET ASSETS			132,103		118,758

CAPITAL AND RESERVES
Called up share capital	9		100		100
Non-distributable profits reserve	10		719,682		719,682
Income Statement			(587,679 )		(601,024 )

SHAREHOLDERS' FUNDS			132,103		118,758

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Marff Limited

Statement of Financial Position (continued)

As At 30 November 2025

For the year ending 30 November 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 Income Statement.

On behalf of the board

Mr Mark Shephard

Director

26/08/2026

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

1. General Information

Marff Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08795732 . The registered office is 20 Mornish Road, Poole, Dorset, BH13 7BZ.

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 fair value of the consideration received or receivable from the sale of goods and from the rendering of services in the normal course of business, and is shown net of discounts and VAT.

Sale of goods

Revenue arises from the sale of residential properties.

Revenue is recognised when the risks and rewards of ownership pass to the buyer, which is on completion of the transaction.

Rental income

Operating lease income from investment properties is recognised in profit and loss on a straight-line basis over the lease term.

2.3. 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 income statement.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

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

4. Investment Property

	2025
	£
Fair Value
As at 1 December 2024 and 30 November 2025	2,249,826

5. Stocks

	2025	2024
	£	£
Stock	1,014,303	1,014,303

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Marff Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by participating interests	5,000	-
Other debtors	1,675	1,675

	6,675	1,675

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	6,397
Other creditors	55,499	47,805

	55,499	54,202

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,487,788	1,487,788
Other loans	1,674,256	1,684,256

	3,162,044	3,172,044

Included within other loans is a loan with a balance of £1,684,,256 (£2023: £1,704,,256) which is secured by way of a fixed and floating charge over the investment property to which it relates. This security contains a negative pledge which means that the company will not create or agree to create or permit to subsist any security interest over the charged asset.

Included within bank loans is a balance of £1,487,788 (2023: £1,487,788) relating to three separate loans.

One of the loans with a balance of £483,457 (2023: £483,457) is secured by a fixed and floating charge over the investment property to which it relates. This security contains a negative pledge which means that the company will not create or agree to create or permit to subsist any security interest over the charged asset.

The other two loans which total £1,004,331 (2023: £1,004,331) are secured by a negative pledge over the investment properties to which they relate.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

100 Ordinary shares of £1 each

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Marff Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

10. Reserves

	Non-distributable profits reserve	Income Statement
	£	£
As at 1 December 2024	719,682	(601,024 )
Profit for the year and total comprehensive income	-	13,345

As at 30 November 2025	719,682	(587,679 )

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