Silverfin false false 31/07/2023 01/08/2022 31/07/2023 A L Mcelney 03/01/2018 M D S Mcelney 20/07/2017 22 September 2023 The principal activity of the Company during the financial year was that of property investment. 10875137 2023-07-31 10875137 bus:Director1 2023-07-31 10875137 bus:Director2 2023-07-31 10875137 2022-07-31 10875137 core:CurrentFinancialInstruments 2023-07-31 10875137 core:CurrentFinancialInstruments 2022-07-31 10875137 core:Non-currentFinancialInstruments 2023-07-31 10875137 core:Non-currentFinancialInstruments 2022-07-31 10875137 core:ShareCapital 2023-07-31 10875137 core:ShareCapital 2022-07-31 10875137 core:RetainedEarningsAccumulatedLosses 2023-07-31 10875137 core:RetainedEarningsAccumulatedLosses 2022-07-31 10875137 core:FurnitureFittings 2022-07-31 10875137 core:FurnitureFittings 2023-07-31 10875137 bus:OrdinaryShareClass1 2023-07-31 10875137 bus:OrdinaryShareClass2 2023-07-31 10875137 2022-08-01 2023-07-31 10875137 bus:FilletedAccounts 2022-08-01 2023-07-31 10875137 bus:SmallEntities 2022-08-01 2023-07-31 10875137 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10875137 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10875137 bus:Director1 2022-08-01 2023-07-31 10875137 bus:Director2 2022-08-01 2023-07-31 10875137 core:FurnitureFittings core:TopRangeValue 2022-08-01 2023-07-31 10875137 2021-08-01 2022-07-31 10875137 core:FurnitureFittings 2022-08-01 2023-07-31 10875137 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 10875137 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 10875137 bus:OrdinaryShareClass2 2022-08-01 2023-07-31 10875137 bus:OrdinaryShareClass2 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10875137 (England and Wales)

MARANT INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

MARANT INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

MARANT INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2023
MARANT INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 232 349
Investment property 4 636,700 636,700
636,932 637,049
Current assets
Debtors 5 3,573 3,502
Cash at bank and in hand 26,170 18,573
29,743 22,075
Creditors: amounts falling due within one year 6 ( 308,902) ( 202,299)
Net current liabilities (279,159) (180,224)
Total assets less current liabilities 357,773 456,825
Creditors: amounts falling due after more than one year 7 ( 250,693) ( 372,277)
Net assets 107,080 84,548
Capital and reserves
Called-up share capital 8 460 460
Profit and loss account 106,620 84,088
Total shareholders' funds 107,080 84,548

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Marant Investments Limited (registered number: 10875137) were approved and authorised for issue by the Director on 22 September 2023. They were signed on its behalf by:

M D S Mcelney
Director
MARANT INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
MARANT INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marant Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Frome Road, Beckington, Frome, BA11 6TD, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 August 2022 466 466
At 31 July 2023 466 466
Accumulated depreciation
At 01 August 2022 117 117
Charge for the financial year 117 117
At 31 July 2023 234 234
Net book value
At 31 July 2023 232 232
At 31 July 2022 349 349

4. Investment property

Investment property
£
Valuation
As at 01 August 2022 636,700
As at 31 July 2023 636,700

Valuation

A valuation was completed by the directors at the year-end date.

5. Debtors

2023 2022
£ £
Trade debtors 1,250 1,250
Prepayments 1,245 1,167
Other debtors 1,078 1,085
3,573 3,502

6. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals and deferred income 26,613 43,121
Corporation tax 5,313 6,863
Other taxation and social security 884 2,315
Other creditors 276,092 150,000
308,902 202,299

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 250,693 372,277

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
230 Ordinary A Shares shares of £ 1.00 each 230 230
230 Ordinary B Shares shares of £ 1.00 each 230 230
460 460

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2023 2022
£ £
Amounts owed to companies under common control 260,000 150,000

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to the Directors 250,693 372,277

These loans are unsecured and carried interest at 3% per annum.