Registration number:
Marlingford Investments Limited
for the
Year Ended 30 November 2021
Marlingford Investments Limited
(Registration number: 11705070)
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Marlingford Investments Limited
(Registration number: 11705070)
Company Information
Director |
N E Evans-Lombe |
Registered office |
|
Registered number |
11705070 |
Marlingford Investments Limited
(Registration number: 11705070)
Balance Sheet as at 30 November 2021
Note |
2021 |
2020 |
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Fixed Assets |
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Tangible Assets |
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Investments |
1,033,143 |
898,377 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and Reserves |
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Called up share capital |
6,264 |
2,000 |
|
Share premium reserve |
4,242,824 |
1,998,000 |
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Other reserves |
57,635 |
24,277 |
|
Profit and loss account |
44,278 |
(4,270) |
|
Shareholders' funds |
4,351,001 |
2,020,007 |
Marlingford Investments Limited
(Registration number: 11705070)
Balance Sheet as at 30 November 2021
For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Marlingford Investments Limited
(Registration number: 11705070)
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Marlingford Investments Limited
(Registration number: 11705070)
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Tangible Assets
Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold property |
Not depreciated |
Investments
Investments in listed company shares are remeasured to market value each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Provisions
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
Marlingford Investments Limited
(Registration number: 11705070)
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible Assets |
Land and buildings |
Total |
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Cost |
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At 1 December 2020 |
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Additions |
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At 30 November 2021 |
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Carrying amount |
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At 30 November 2021 |
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At 30 November 2020 |
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Land and buildings are carried at cost.
Marlingford Investments Limited
(Registration number: 11705070)
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021
Fixed asset investments |
Listed investments |
Unlisted investments |
Total |
|
Cost or fair value |
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At 1 December 2020 |
329,067 |
569,310 |
898,377 |
Additions |
21,258 |
136,136 |
157,394 |
Disposals |
(7,202) |
(57,219) |
(64,421) |
Fair value adjustment |
43,633 |
- |
43,633 |
Currency revaluation |
- |
(1,840) |
(1,840) |
At 30 November 2021 |
386,756 |
646,387 |
1,033,143 |
Carrying amount |
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At 30 November 2021 |
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1,033,143 |
At 30 November 2020 |
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|
898,377 |
Listed investments
Listed investments comprise a listed share portfolio held with a wealth management broker regulated by the Financial Conduct Authority (FCA), who prepare a year end report containing a year end valuation drawn from listed stock exchanges.
Unlisted investments
Unlisted investments comprise private equity investments managed by the director of the company who reviews their fair value at the company year end.
All fair value gains/(losses) are taken through the Fair value reserve.
Marlingford Investments Limited
(Registration number: 11705070)
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021
Debtors |
Current |
2021 |
2020 |
Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Due within one year |
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Taxation and social security |
|
- |
Accruals and deferred income |
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Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
|
|
|
1,000 |
|
1,000 |
|
|
794 |
|
250 |
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|
794 |
|
250 |
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|
794 |
|
250 |
|
|
794 |
|
250 |
|
|
2,088 |
- |
- |
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|
|
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Marlingford Investments Limited
(Registration number: 11705070)
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021
Reserves |
Fair value reserve
The fair value reserve represents the cumulative value of revaluations of listed investments to fair value, net of deferred tax. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided for on these value adjustments at the standard rates of corporation tax.
Share premium reserve
The share premium account includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from the share premium
Profit and loss account
The profit and loss account includes all current and prior period retained profits and losses