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REGISTERED NUMBER: 10416605 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2022

for

Marson Investments Limited

Marson Investments Limited (Registered number: 10416605)






Contents of the Financial Statements
for the year ended 30 November 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Marson Investments Limited

Company Information
for the year ended 30 November 2022







DIRECTORS: W Veti Snr
W C Veti





REGISTERED OFFICE: 11 North Sands Business Centre
Liberty Way
Sunderland
Tyne and Wear
SR6 0QA





REGISTERED NUMBER: 10416605 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Marson Investments Limited (Registered number: 10416605)

Statement of Financial Position
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,100 34,328
Investment property 5 2,460,067 2,091,387
2,491,167 2,125,715

CURRENT ASSETS
Debtors 6 731,414 616,976
Cash at bank 11,232 20
742,646 616,996
CREDITORS
Amounts falling due within one year 7 68,573 249,042
NET CURRENT ASSETS 674,073 367,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,165,240

2,493,669

CREDITORS
Amounts falling due after more than one
year

8

(938,000

)

(652,842

)

PROVISIONS FOR LIABILITIES (77,332 ) -
NET ASSETS 2,149,908 1,840,827

CAPITAL AND RESERVES
Called up share capital 11 1,835,385 1,835,385
Retained earnings non
distributable 329,678 -
Retained earnings (15,155 ) 5,442
SHAREHOLDERS' FUNDS 2,149,908 1,840,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Marson Investments Limited (Registered number: 10416605)

Statement of Financial Position - continued
30 November 2022


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 4 October 2023 and were signed on its behalf by:





W C Veti - Director


Marson Investments Limited (Registered number: 10416605)

Notes to the Financial Statements
for the year ended 30 November 2022

1. STATUTORY INFORMATION

Marson Investments 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Preparation of consolidated financial statements
The financial statements contain information about Marson Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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 with wholly owned subsidiaries within the group or those at market rate.

Income
Income is generated from net invoiced rents, excluding Value Added Tax.

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 - 20% Straight line
Computer equipment - 33% Straight line

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.

Investment properties are not depreciated and are included in the balance sheet at their most recent valuation.
In the opinion of the directors the most recent valuation represents the fair value of the investment properties.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.


Marson Investments Limited (Registered number: 10416605)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021
and 30 November 2022 43,348
DEPRECIATION
At 1 December 2021 9,020
Charge for year 3,228
At 30 November 2022 12,248
NET BOOK VALUE
At 30 November 2022 31,100
At 30 November 2021 34,328

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021 2,091,387
Disposals (38,329 )
Revaluations 407,009
At 30 November 2022 2,460,067
NET BOOK VALUE
At 30 November 2022 2,460,067
At 30 November 2021 2,091,387

Marson Investments Limited (Registered number: 10416605)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

5. INVESTMENT PROPERTY - continued

Fair value at 30 November 2022 is represented by:
£   
Valuation in 2022 407,008
Cost 2,053,059
2,460,067

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 2,053,059 2,053,059

Investment property was valued on an open market basis on 2 August 2022 by Bradley Hall Chartered Surveyors .

In the opinion of the directors the most recent valuation represents the fair value of investment properties.

6. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 2,785 1,414
Amounts owed by group undertakings 538,689 -
Other debtors 189,940 484,329
731,414 485,743

Amounts falling due after more than one year:
Other debtors - 131,233

Aggregate amounts 731,414 616,976

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 9) - 58,164
Trade creditors 11,705 11,396
Taxation and social security 30,993 160,605
Other creditors 25,875 18,877
68,573 249,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans (see note 9) 938,000 652,842

Marson Investments Limited (Registered number: 10416605)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 893,333 436,275

9. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 4,022
Bank loans - 54,142
- 58,164

Amounts falling due between one and two years:
Bank loans - 1-2 years - 54,142

Amounts falling due between two and five years:
Bank loans - 2-5 years 44,667 162,425

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 893,333 436,275

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 938,000 706,984

The bank loan is secured against the company's fixed assets.

Marson Investments Limited (Registered number: 10416605)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

11. CALLED UP SHARE CAPITAL

Number: Class: Nominal value: 2022 2021
£ £
1,835,385 Ordinary shares £1 1,835,385 -
1,223,590 C Ordinary shares £1 - 1,223,590
293,662 D Ordinary shares £1 - 293,662
293,662 E Ordinary shares £1 - 293,662
24,471 F Ordinary shares £1 - 24,471
1,835,385 1,835,385

On 27 September 2022, the 1,223,590 C Ordinary, 293,662 D Ordinary, 293,662 E Ordinary and 24,471 F Ordinary shares were reclassified into 1,835,385 Ordinary shares.

On the same day, the 1,835,385 Ordinary shares were purchased by Sinev Ltd.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2022 and 30 November 2021:

2022 2021
£    £   
W Veti Snr
Balance outstanding at start of year 386,720 347,433
Amounts advanced 73,727 82,356
Amounts repaid (460,447 ) (43,069 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 386,720

W C Veti
Balance outstanding at start of year 50,794 56,360
Amounts advanced 34,111 33,473
Amounts repaid (84,905 ) (39,039 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50,794

13. ULTIMATE PARENT COMPANY

The ultimate parent company is Sinev Limited, a company incorporated in the United Kingdom. The registered office address is 1i North Sands Business Centre Liberty Way, Sunderland, Tyne & Wear, SR6 0QA.