Marten Developments (Sussex) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01538879 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2025 TO 31 MARCH 2026

FOR

MARTEN DEVELOPMENTS (SUSSEX) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

-

3,826

Investments

5

2

Investment property

6

2,965,646

2,965,648

2,969,474

CURRENT ASSETS

Stocks

7

1,301,542

Debtors

8

319,709

587,875

Cash at bank

8,108

6,777

1,629,359

1,896,194

CREDITORS

Amounts falling due within one year

9

1,001,850

1,415,920

NET CURRENT ASSETS

627,509

480,274

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,593,157

3,449,748

PROVISIONS FOR LIABILITIES

10

283,282

284,282

NET ASSETS

3,309,875

3,165,466

CAPITAL AND RESERVES

Called up share capital

1,000

Fair value reserve

1,519,720

Retained earnings

1,789,155

1,644,746

3,309,875

3,165,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

R A Marten - Director

1.	STATUTORY INFORMATION

Marten Developments (Sussex) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01538879

Registered office:

3rd Floor

21 Perrymount Road

Haywards Heath

RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and Machinery

- 25% Straight line

Fixtures and fittings

- 25% Straight line

Motor vehicles

- 25% Straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a fair value reserve.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the period 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 period 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

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 May 2025

and 31 March 2026

82,008

747

17,522

100,277

DEPRECIATION

At 1 May 2025

78,182

747

17,522

96,451

Charge for period

3,826

-

3,826

At 31 March 2026

82,008

747

17,522

100,277

NET BOOK VALUE

At 31 March 2026

-

At 30 April 2025

3,826

-

3,826

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2025

and 31 March 2026

2

NET BOOK VALUE

At 31 March 2026

2

At 30 April 2025

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

and 31 March 2026

2,965,646

NET BOOK VALUE

At 31 March 2026

2,965,646

At 30 April 2025

2,965,646

If investment properties had not been revalued, they would have been included at the historical cost of £1,160,490 (2025: £1,160,490).

7.

STOCKS

2026

2025

£

Work-in-progress

1,301,542

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

2,401

7,032

Other debtors

317,226

578,859

Prepayments and accrued income

82

1,984

319,709

587,875

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Tax

49,026

76,298

Social security and other taxes

-

(1,283

)

VAT

810

1,212

Other creditors

78,517

8,419

Amounts due to shareholders

1,076

Directors' current accounts

864,400

1,323,103

Accruals and deferred income

8,021

7,095

1,001,850

1,415,920

Amounts owed to the directors are interest free and repayable on demand.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

Accelerated capital allowances

-

1,000

Other timing differences

283,282

284,282

Deferred

tax

£

Balance at 1 May 2025

284,282

Movement in the year

(1,000

)

Balance at 31 March 2026

283,282