Company registration number:
02880595
Marlborough Properties Limited
Unaudited filleted financial statements
31 December 2025
Marlborough Properties Limited
Contents
Directors and other information
Directors report
Statement of financial position
Notes to the financial statements
Marlborough Properties Limited
Directors and other information
|
|
|
|
Directors |
Mr P S Staden |
|
|
Mrs R L Greenhalgh (formerly Staden) |
|
|
Mr L P Staden |
|
|
|
|
|
|
|
Secretary |
Mrs R L Greenhalgh (formerly Staden) |
|
|
|
|
|
|
|
Company number |
02880595 |
|
|
|
|
|
|
|
Registered office |
10 Zig Zag Road |
|
|
Ventnor |
|
|
PO38 1BY |
|
|
|
|
|
|
|
Business address |
10 Zig Zag Road |
|
|
Ventnor |
|
|
PO38 1BY |
|
|
|
|
|
|
|
|
|
Marlborough Properties Limited
Directors report
Year ended 31 December 2025
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2025.
Directors
The directors who served the company during the year were as follows:
|
|
Mr P S Staden |
|
Mrs R L Greenhalgh (formerly Staden) |
|
Mr L P Staden |
|
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
15 October 2026
and signed on behalf of the board by:
Mr L P Staden
Director
Marlborough Properties Limited
Statement of financial position
31 December 2025
|
|
|
2025 |
|
|
|
2024 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
796 |
|
|
|
995 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
796 |
|
|
|
995 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Stocks |
|
|
1,040,058 |
|
|
|
1,178,140 |
|
|
|
Debtors |
|
6 |
11,555 |
|
|
|
2,265 |
|
|
|
Cash at bank and in hand |
|
|
522,188 |
|
|
|
47,201 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,573,801 |
|
|
|
1,227,606 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
105,392) |
|
|
|
(
45,261) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current assets |
|
|
|
|
1,468,409 |
|
|
|
1,182,345 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
1,469,205 |
|
|
|
1,183,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
1,469,205 |
|
|
|
1,183,340 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
20,000 |
|
|
|
20,000 |
|
Profit and loss account |
|
|
|
|
1,449,205 |
|
|
|
1,163,340 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders funds |
|
|
|
|
1,469,205 |
|
|
|
1,183,340 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
15 October 2026
, and are signed on behalf of the board by:
Mr L P Staden
Director
Company registration number:
02880595
Marlborough Properties Limited
Notes to the financial statements
Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Zig Zag Road, Ventnor, PO38 1BY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
20 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2024:
3
).
5.
Tangible assets
|
|
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 January 2025 and 31 December 2025 |
7,682 |
7,682 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2025 |
6,687 |
6,687 |
|
|
|
|
|
|
Charge for the year |
199 |
199 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2025 |
6,886 |
6,886 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2025 |
796 |
796 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2024 |
995 |
995 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Other debtors |
|
11,555 |
2,265 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Trade creditors |
|
2,396 |
2,395 |
|
Social security and other taxes |
|
58,785 |
4,003 |
|
Other creditors |
|
44,211 |
38,863 |
|
|
|
_______ |
_______ |
|
|
|
105,392 |
45,261 |
|
|
|
_______ |
_______ |
|
|
|
|
|