REGISTERED NUMBER: 03701712 (England and Wales)

MARSHALLS (PLUMBING AND BUILDING

DEVELOPMENT ) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Marshall

R J Marshall

C L Marshall

D Marshall

SECRETARY:

R J Marshall

REGISTERED OFFICE:

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

REGISTERED NUMBER:

03701712 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Intangible assets

4

10,419

-

Tangible assets

5

30,773

37,111

Investment property

6

1,380,081

1,328,673

1,421,273

1,365,784

CURRENT ASSETS

Stocks

692

6,360

Debtors

7

9,746

11,663

Cash at bank and in hand

7,508

48,842

17,946

66,865

CREDITORS

Amounts falling due within one year

8

125,152

76,449

NET CURRENT LIABILITIES

(107,206

)

(9,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,314,067

1,356,200

PROVISIONS FOR LIABILITIES

120,533

122,095

NET ASSETS

1,193,534

1,234,105

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,193,434

1,234,005

SHAREHOLDERS' FUNDS

1,193,534

1,234,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 21 November 2025 and were signed on its behalf by:

D J Marshall - Director

1.	STATUTORY INFORMATION

Marshalls (Plumbing And Building Development ) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Revenue for plumbing and building services is recognised when the service is provided and the customer receives the benefits.

Rental income is recognised on a straight line basis over the term of the lease.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Office and computer equipment

-

33% on cost

Motor vehicles

-

25% on reducing balance

Plant and equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

11,576

At 31 March 2025

11,576

AMORTISATION

Charge for year

1,157

At 31 March 2025

1,157

NET BOOK VALUE

At 31 March 2025

10,419

5.	TANGIBLE FIXED ASSETS

Office

and

computer

Motor

Plant and

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,059

74,076

83,689

159,824

DEPRECIATION

At 1 April 2024

1,835

67,010

53,868

122,713

Charge for year

112

1,764

4,462

6,338

At 31 March 2025

1,947

68,774

58,330

129,051

NET BOOK VALUE

At 31 March 2025

112

5,302

25,359

30,773

At 31 March 2024

224

7,066

29,821

37,111

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,328,673

Additions

51,408

At 31 March 2025

1,380,081

NET BOOK VALUE

At 31 March 2025

1,380,081

At 31 March 2024

1,328,673

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

559,141

Valuation in 2024

(106,374

)

Cost

927,314

1,380,081

If investment properties had not been revalued they would have been included at the following historical cost:

31/3/25

31/3/24

£

£

Cost

927,107

875,906

Investment properties were valued on an open market basis on 31 March 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

5,548

1,188

Other debtors

4,198

10,475

9,746

11,663

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

13,117

12,196

Taxation and social security

5,461

91

Other creditors

106,574

64,162

125,152

76,449