REGISTERED NUMBER: 01538879 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

MARTEN DEVELOPMENTS (SUSSEX) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

3,826

15,281

Investments

5

2

2

Investment property

6

2,965,646

3,030,000

2,969,474

3,045,283

CURRENT ASSETS

Stocks

7

1,301,542

1,539,421

Debtors

8

587,875

440,577

Cash at bank

6,777

10,931

1,896,194

1,990,929

CREDITORS

Amounts falling due within one year

9

1,415,920

1,403,721

NET CURRENT ASSETS

480,274

587,208

TOTAL ASSETS LESS CURRENT LIABILITIES

3,449,748

3,632,491

CREDITORS

Amounts falling due after more than one year

10

-

(100

)

PROVISIONS FOR LIABILITIES

11

(284,282

)

(348,555

)

NET ASSETS

3,165,466

3,283,836

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

1,519,720

1,704,268

Retained earnings

1,644,746

1,578,568

3,165,466

3,283,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 28 November 2025 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 as modified by the revaluation of certain assets.

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 year 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 year 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 year was NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

110,429

Disposals

(10,152

)

At 30 April 2025

100,277

DEPRECIATION

At 1 May 2024

95,148

Charge for year

10,758

Eliminated on disposal

(9,455

)

At 30 April 2025

96,451

NET BOOK VALUE

At 30 April 2025

3,826

At 30 April 2024

15,281

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

2

NET BOOK VALUE

At 30 April 2025

2

At 30 April 2024

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

3,030,000

Additions

181,646

Revaluations

(246,000

)

At 30 April 2025

2,965,646

NET BOOK VALUE

At 30 April 2025

2,965,646

At 30 April 2024

3,030,000

If investment properties had not been revalued, they would have been included at the historical cost £1,160,490 (2024: £980,998).

7.

STOCKS

2025

2024

£

£

Work-in-progress

1,301,542

1,539,421

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,032

10,204

Other debtors

580,843

430,373

587,875

440,577

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

76,227

36,865

Other creditors

1,339,693

1,366,856

1,415,920

1,403,721

Included within other creditors is £1,223,103 (2024: £1,353,103) owed to the directors. This amount is provided interest free and is repayable on demand.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Trade creditors

-

100

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,000

3,820

Other timing differences

283,282

344,735

284,282

348,555

Deferred

tax

£

Balance at 1 May 2024

348,555

Utilised during year

(64,273

)

Balance at 30 April 2025

284,282