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MARLYNTON & PARTNERS HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2023






MARLYNTON & PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 05522554)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

MARLYNTON & PARTNERS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: A J Kinns
G L Kinns
G L Kinns





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate, Kempston
Bedford
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 05522554 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

MARLYNTON & PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 05522554)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,877 8,815
Investments 5 100 100
Investment property 6 1,500,000 1,500,000
1,506,977 1,508,915

CURRENT ASSETS
Debtors 7 803,362 642,659
Cash at bank 1,888,378 1,754,166
2,691,740 2,396,825
CREDITORS
Amounts falling due within one year 8 234,445 100,939
NET CURRENT ASSETS 2,457,295 2,295,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,964,272

3,804,801

PROVISIONS FOR LIABILITIES 137,623 135,690
NET ASSETS 3,826,649 3,669,111

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 524,310 524,310
Retained earnings 3,302,139 3,144,601
SHAREHOLDERS' FUNDS 3,826,649 3,669,111

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

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

MARLYNTON & PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 05522554)

BALANCE SHEET - continued
31ST JULY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th February 2024 and were signed on its behalf by:





A J Kinns - Director


MARLYNTON & PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 05522554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Marlynton & Partners 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.

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 are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Preparation of consolidated financial statements
The financial statements contain information about Marlynton & Partners Holdings 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.

Turnover
Turnover represents rents received from tenants of investment properties, dividend income received from subsidiaries and management charges for the administration of connected companies, stated net of 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.
Improvements to property - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets under the cost model are stated at historic cost less accumulated depreciation and any accumulated impairment losses.

Historic cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Investment property
Investment properties for which fair value can be measured reliably at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.


MARLYNTON & PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 05522554)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Investments
Shares in group undertakings are included at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

MARLYNTON & PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 05522554)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Motor
property vehicles Totals
£    £    £   
COST
At 1st August 2022
and 31st July 2023 15,568 19,667 35,235
DEPRECIATION
At 1st August 2022 10,254 16,166 26,420
Charge for year 1,063 875 1,938
At 31st July 2023 11,317 17,041 28,358
NET BOOK VALUE
At 31st July 2023 4,251 2,626 6,877
At 31st July 2022 5,314 3,501 8,815

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st August 2022
and 31st July 2023 100
NET BOOK VALUE
At 31st July 2023 100
At 31st July 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022
and 31st July 2023 1,500,000
NET BOOK VALUE
At 31st July 2023 1,500,000
At 31st July 2022 1,500,000

Fair value at 31st July 2023 is represented by:
£   
Valuation in 2020 660,000
Cost 840,000
1,500,000

MARLYNTON & PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 05522554)

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

6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 840,000 840,000

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 83,663 97,116
Amounts owed by participating interests 8,400 8,400
Prepayments and accrued income 209,686 135,793
301,749 241,309

Amounts falling due after more than one year:
Amounts owed by group undertakings 501,613 401,350

Aggregate amounts 803,362 642,659

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,629 1,872
Amounts owed to group undertakings 74,580 31,880
Corporation tax 36,253 26,178
Social security and other taxes 3,815 3,128
VAT 14,677 14,867
Other creditors 704 641
Net wages outstanding 3,492 -
Directors' current accounts 4,625 9,673
Accruals & deferred income 93,670 12,700
234,445 100,939

9. RESERVES
Fair
value
reserve
£   
At 1st August 2022
and 31st July 2023 524,310

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MARLYNTON & PARTNERS HOLDINGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marlynton & Partners Holdings Limited for the year ended 31st July 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Marlynton & Partners Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marlynton & Partners Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Marlynton & Partners Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marlynton & Partners Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marlynton & Partners Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marlynton & Partners Holdings Limited. You consider that Marlynton & Partners Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marlynton & Partners Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


6th February 2024