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REGISTERED NUMBER: 09702145 (England and Wales)







Financial Statements

for the Year Ended 31 December 2021

for

MAN Marshal Limited

MAN Marshal Limited (Registered number: 09702145)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAN Marshal Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: R P H Van Der Horst
M C J Van Gulik





REGISTERED OFFICE: c/o IMS Limited
Trans Tech House, Gelders Hall Road
Shepshed
Loughborough
Leicestershire
LE12 9NH





REGISTERED NUMBER: 09702145 (England and Wales)





AUDITORS: Mabe Allen LLP
Chartered Accountants
Statutory Auditors
50 Osmaston Road
Derby
DE1 2HU

MAN Marshal Limited (Registered number: 09702145)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 15,559 9,233
Cash at bank 174,627 105,793
190,186 115,026
CREDITORS
Amounts falling due within one year 5 93,924 39,782
NET CURRENT ASSETS 96,262 75,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,262

75,244

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 96,162 75,144
SHAREHOLDERS' FUNDS 96,262 75,244

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 29 August 2022 and were signed on its behalf by:




R P H Van Der Horst - Director



M C J Van Gulik - Director


MAN Marshal Limited (Registered number: 09702145)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

MAN Marshal 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 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.

The Company's ultimate parent undertaking, Pon Holdings B.V., includes the Company in its consolidated financial statements. The consolidated financial statements of Pon Holdings B.V. are prepared in accordance with Dutch GAAP and are available to the public and may be obtained from Pon Holdings B.V., Stadionplein 28, 1076 CM AMSTERDAM or Postbus 71062, 1008 BB Amsterdam, Netherlands.

Going concern
The directors consider that the current outlook presents a significant challenge in terms of whether new sales contracts are to be developed and whether the subsidiary's business fits into the group's activities and future plans.

The directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern and that, therefore, the company may be unable to realise its assets and discharge its liabilities in the normal course of business. Nevertheless, after making enquiries and considering the uncertainties described above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions within the group as it is a wholly owned subsidiary.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgement, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from the estimates. The following judgements have had the most significant effect on amounts recognised in the financial statements:-

Brexit
The UK's departure from the EU caused disruption to and created uncertainty around the business.

The UK's future trading relationship with the EU is still developing and the directors continue to assess and monitor the potential risks and impacts on MAN Marshal Limited's customers and major stakeholders, whilst taking appropriate mitigation measures to address challenges including logistics, staff and supply.

Turnover
Turnover represents amounts derived from intercompany commission after deduction of discounts and VAT. Turnover arises solely within the United Kingdom.

MAN Marshal Limited (Registered number: 09702145)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable and loans to and from related parties.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price plus attributable transaction costs.

Taxation
The charge for taxation is based on the result for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.

Foreign currencies
Transactions in foreign currencies are translated to the Company's functional currency at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are retranslated to the functional currency at the foreign exchange rate ruling at that date. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair value are retranslated to the functional currency at foreign exchange rates ruling at the dates the fair value was determined. Foreign exchange differences arising on translation are recognised in the profit and loss account.

Pension costs
Defined contribution plans

A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the profit and loss account in the periods during which services are rendered by employees.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings - 7,202
Other debtors 15,559 2,031
15,559 9,233

MAN Marshal Limited (Registered number: 09702145)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings 51,055 12,665
Taxation and social security 5,300 13,000
Other creditors 37,569 14,117
93,924 39,782

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary shares 1 100 100

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Slack FCA (Senior Statutory Auditor)
for and on behalf of Mabe Allen LLP

8. DIRECTORS' REMUNERATION

Directors' emoluments have been borne by another group company. The directors of the company are also directors or officers of other companies within the group. The directors' services to the company do not occupy a significant amount of their time. As such the directors do not consider that they have received any remuneration for their incidental services to the company for the periods ended 31 December 2021 and 31 December 2020.

9. ULTIMATE PARENT COMPANY

The Company is a subsidiary undertaking of Geveke N.V. The ultimate controlling party is Pon Holdings B.V.
The largest group in which the results of the Company are consolidated is that headed by Pon Holdings B.V., incorporated in the Netherlands. No other group financial statements include the results of the Company. The consolidated financial statements of Pon Holdings B.V. are available to the public and may be obtained from Pon Holdings B.V., Stadionplein 28, 1076 CM AMSTERDAM or Postbus 71062, 1008 BB AMSTERDAM, Netherlands.