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REGISTERED NUMBER: 01244599 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Marcello Properties Limited

Marcello Properties Limited (Registered number: 01244599)

Contents of the Financial Statements
for the Year Ended 30 June 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Marcello Properties Limited

Company Information
for the Year Ended 30 June 2017







DIRECTOR: R Cinelli





REGISTERED OFFICE: Terracotta
Doggetts Wood Lane
Chalfont St. Giles
Buckinghamshire
HP8 4TJ





REGISTERED NUMBER: 01244599 (England and Wales)





ACCOUNTANTS: Munday Long & Co Limited
Chartered Certified Accountants
Alton House
66/68 High Street
Northwood
Middlesex
HA6 1BL

Marcello Properties Limited (Registered number: 01244599)

Abridged Balance Sheet
30 June 2017

30.6.17 30.6.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,091 5,889
Investment property 5 4,740,237 4,425,000
4,745,328 4,430,889

CURRENT ASSETS
Debtors 85,200 38,751
Cash at bank and in hand 556,209 931,151
641,409 969,902
CREDITORS
Amounts falling due within one year 83,840 101,074
NET CURRENT ASSETS 557,569 868,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,302,897

5,299,717

PROVISIONS FOR LIABILITIES 699,652 717,006
NET ASSETS 4,603,245 4,582,711

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,603,145 4,582,611
SHAREHOLDERS' FUNDS 4,603,245 4,582,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Marcello Properties Limited (Registered number: 01244599)

Abridged Balance Sheet - continued
30 June 2017


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 January 2018 and were signed by:





R Cinelli - Director


Marcello Properties Limited (Registered number: 01244599)

Notes to the Financial Statements
for the Year Ended 30 June 2017


1. STATUTORY INFORMATION

Marcello Properties 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.

2. ACCOUNTING POLICIES

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

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.
Fixtures and fittings - 12.5% on reducing balance
Computer equipment - Straight line over 3 years

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.

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 AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

Marcello Properties Limited (Registered number: 01244599)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2016
and 30 June 2017 56,868
DEPRECIATION
At 1 July 2016 50,979
Charge for year 798
At 30 June 2017 51,777
NET BOOK VALUE
At 30 June 2017 5,091
At 30 June 2016 5,889

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2016 4,425,000
Additions 315,237
At 30 June 2017 4,740,237
NET BOOK VALUE
At 30 June 2017 4,740,237
At 30 June 2016 4,425,000