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Registration number: 11705070

Marlingford Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2021

 

Marlingford Investments Limited
(Registration number: 11705070)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Marlingford Investments Limited
(Registration number: 11705070)

Company Information

Director

N E Evans-Lombe

Registered office

Unit 2 Fordham House
Fordham
Cambridgeshire
CB7 5LL

Registered number

11705070

 

Marlingford Investments Limited
(Registration number: 11705070)

Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Fixed Assets

 

Tangible Assets

4

440,018

150,176

Investments

5

1,033,143

898,377

 

1,473,161

1,048,553

Current assets

 

Debtors

6

50,238

337,627

Cash at bank and in hand

 

2,850,590

639,884

 

2,900,828

977,511

Creditors: Amounts falling due within one year

7

(9,996)

(1,500)

Net current assets

 

2,890,832

976,011

Total assets less current liabilities

 

4,363,993

2,024,564

Provisions for liabilities

(12,992)

(4,557)

Net assets

 

4,351,001

2,020,007

Capital and Reserves

 

Called up share capital

8

6,264

2,000

Share premium reserve

4,242,824

1,998,000

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 director on 18 May 2022
 

.........................................
N E Evans-Lombe
Director

 

Marlingford Investments Limited
(Registration number: 11705070)

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Fordham House
Fordham
Cambridgeshire
CB7 5LL
England

These financial statements were authorised for issue by the director on 18 May 2022.

2

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

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4

Tangible Assets

Land and buildings
£

Total
£

Cost

At 1 December 2020

150,176

150,176

Additions

289,842

289,842

At 30 November 2021

440,018

440,018

Carrying amount

At 30 November 2021

440,018

440,018

At 30 November 2020

150,176

150,176

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

5

Fixed asset investments

Listed investments
£

Unlisted investments
£

Total
£

Cost or fair value

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

At 30 November 2021

386,756

646,387

1,033,143

At 30 November 2020

329,067

569,310

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

6

Debtors

Current

2021
£

2020
£

Other debtors

50,238

337,627

7

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Taxation and social security

8,136

-

Accruals and deferred income

1,860

1,500

9,996

1,500

8

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary A of £1

1,000

1,000

1,000

1,000

Ordinary B of £1

794

794

250

250

Ordinary C of £1

794

794

250

250

Ordinary D of £1

794

794

250

250

Ordinary E of £1

794

794

250

250

Ordinary F of £1

2,088

2,088

-

-

 

6,264

6,264

2,000

2,000

 

Marlingford Investments Limited
(Registration number: 11705070)

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

9

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