Marick Real Estate Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 08924484 (England and Wales)

Financial Statements

for the Year Ended 31 December 2016

for

Marick Real Estate Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P S P Going

N H Pope

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

08924484 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

15,647

18,258

Investments

6

1,001,100

1,000,100

1,016,747

1,018,358

CURRENT ASSETS

Debtors

7

928,219

439,567

Cash at bank

296,809

387,716

1,225,028

827,283

CREDITORS

Amounts falling due within one year

8

(690,100

)

(585,637

)

NET CURRENT ASSETS

534,928

241,646

TOTAL ASSETS LESS CURRENT LIABILITIES

1,551,675

1,260,004

CREDITORS

Amounts falling due after more than one year

9

(1,000,000

)

(1,000,000

)

NET ASSETS

551,675

260,004

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

551,575

259,904

SHAREHOLDERS' FUNDS

551,675

260,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 May 2017 and were signed on its behalf by:

N H Pope - Director

1.	STATUTORY INFORMATION

Marick Real Estate Ltd 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Marick Real Estate Ltd as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents services provided during the period, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 makes contributions to certain employees' defined contribution schemes. Contributions are charged

to the profit and loss account in the period to which they relate.

Investments

Investments are initially measured at cost and subsequently measured at fair value whilst a reliable measure of

fair value is available without undue cost or effort. Changes in fair value are recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

Cost

At 1 January 2016

20,631

Additions

2,408

At 31 December 2016

23,039

Depreciation

At 1 January 2016

2,373

Charge for year

5,019

At 31 December 2016

7,392

Net book value

At 31 December 2016

15,647

At 31 December 2015

18,258

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Cost

At 1 January 2016

100

1,000,000

1,000,100

Additions

1,000

-

1,000

At 31 December 2016

1,100

1,000,000

1,001,100

Net book value

At 31 December 2016

1,100

1,000,000

1,001,100

At 31 December 2015

100

1,000,000

1,000,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Trade debtors

157,911

327,620

Amounts owed by group undertakings

378,641

-

Other debtors

391,667

111,947

928,219

439,567

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Trade creditors

26,770

84,419

Amounts owed to group undertakings

500,000

300,000

Taxation and social security

147,435

125,023

Other creditors

15,895

76,195

690,100

585,637

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/16

31/12/15

£

£

Other creditors

1,000,000

1,000,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

1,000,000

1,000,000

10.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company holds an investment of £1m in Partners Group Fenchurch Holding Ltd, a property investment

company incorporated in Guernsey. As part of this investment, the company has committed in certain

circumstances to investing a further £1m over the next 2 years.

The company had other guarantees and commitments at the balance sheet date of £121,000 (2015: £117,848).