Margery Properties Limited - Filleted accounts

Registered number

00483501

Margery Properties Limited

Filleted Accounts

31 March 2025

Margery Properties Limited
Registered number:		00483501
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,669,639			1,669,639

Current assets
Debtors	4	86,855			135,248
Cash at bank and in hand		829,457			991,844
		916,312			1,127,092

Creditors: amounts falling due within one year	5	(114,434)			(419,778)

Net current assets			801,878			707,314

Total assets less current liabilities			2,471,517			2,376,953


Provisions for liabilities			(189,346)			(189,346)


Net assets			2,282,171			2,187,607

Capital and reserves
Called up share capital			263			263
Revaluation reserve	6		487			487
Profit and loss account			2,281,421			2,186,857

Shareholders' funds			2,282,171			2,187,607

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J R B Field
Director
Approved by the board on 12 November 2025

Margery Properties Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	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).

	Turnover
	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 provision of rental property. Turnover is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	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.

	Creditors
	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.

	Taxation
	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2024				1,669,639
	At 31 March 2025				1,669,639

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				1,669,639
	At 31 March 2024				1,669,639


	Freehold land and buildings:		2025		2024
£				£
	Historical cost		175,522		175,522
	Cumulative depreciation based on historical cost		19,847		16,455
			155,675		159,067


4	Debtors		2025		2024
£				£

	Trade debtors		3,348		3,348
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		1,507		49,900
	Other debtors		82,000		82,000
			86,855		135,248


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		28,904		30,150
	Other creditors		85,530		389,628
			114,434		419,778


6	Capital reserve		2025		2024
£				£

	At 1 April 2024		487		487

	At 31 March 2025		487		487


7	Controlling party

	The company considers the Estate of the Late C D Field to be its controlling party.


8	Other information

	Margery Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6 Park Farm Close
	Park Farm Close, Maresfield
	Uckfield
	East Sussex
	TN22 2DS