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REGISTERED NUMBER: 10559811 (England and Wales)









MYRNA HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






MYRNA HOLDINGS LIMITED (REGISTERED NUMBER: 10559811)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYRNA HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A W Dunkerley
J L Dunkerley
I M Matthews
P J F Gutierrez





REGISTERED OFFICE: C/O Pablo Gutierrez
1A Lower Fairfield
St Germans
Devon
PL12 5NH





REGISTERED NUMBER: 10559811 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

MYRNA HOLDINGS LIMITED (REGISTERED NUMBER: 10559811)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 1,240,000
Investments 6 - 242,254
Investment property 7 1,240,000 -
1,240,000 1,482,254

CURRENT ASSETS
Debtors 8 3,298 157,930
Cash at bank 26,146 1,524
29,444 159,454
CREDITORS
Amounts falling due within one year 9 105,184 227,468
NET CURRENT LIABILITIES (75,740 ) (68,014 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,164,260 1,414,240

CREDITORS
Amounts falling due after more than one year 10 - (65,240 )

PROVISIONS FOR LIABILITIES (64,600 ) (76,402 )
NET ASSETS 1,099,660 1,272,598

CAPITAL AND RESERVES
Called up share capital 199 199
Revaluation reserve 11 247,782 247,782
Retained earnings 851,679 1,024,617
1,099,660 1,272,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

MYRNA HOLDINGS LIMITED (REGISTERED NUMBER: 10559811)

BALANCE SHEET - continued
31 AUGUST 2023


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 April 2024 and were signed on its behalf by:





A W Dunkerley - Director


MYRNA HOLDINGS LIMITED (REGISTERED NUMBER: 10559811)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Myrna Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rent charged to tenants of the investment property held.

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

Creditors
Short term creditors are measured at the transaction price.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

MYRNA HOLDINGS LIMITED (REGISTERED NUMBER: 10559811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - NIL ) .

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 September 2022 1,240,000
Reclassification/transfer (1,240,000 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 1,240,000

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022 242,254
Disposals (242,155 )
Impairments (99 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 242,254

7. INVESTMENT PROPERTY

Included in valuation of investment property is freehold land of £620,000 (2022 - £620,000).

A fixed charge held by Natwest Bank over the properties with addresses Units 2 & 3, 13 Barn Close, Langage Business Park, PL7 5HQ and Unit 4, 2 Meadow Close, Langage Business Park, PL7 5EX was satisfied in full during the year.

MYRNA HOLDINGS LIMITED (REGISTERED NUMBER: 10559811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2021 276,964
Cost 963,036
1,240,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 75,435
Other debtors 3,298 82,495
3,298 157,930

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 85,753
Taxation and social security 18,709 6,950
Other creditors 86,475 134,765
105,184 227,468

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 65,240

11. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 247,782

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
J L Dunkerley
Balance outstanding at start of year 41,248 23,697
Amounts advanced 21,251 50,051
Amounts repaid (62,475 ) (32,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24 41,248

MYRNA HOLDINGS LIMITED (REGISTERED NUMBER: 10559811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A W Dunkerley
Balance outstanding at start of year 41,248 23,697
Amounts advanced 21,251 50,051
Amounts repaid (62,475 ) (32,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24 41,248

Interest has been charged on the overdrawn loan accounts at the standard HMRC rate. Both director's cleared their overdrawn loan account within 9 months of the year end.