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REGISTERED NUMBER: 01856667 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Marlin Developments Limited

Marlin Developments Limited (Registered number: 01856667)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Marlin Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A H Burgess
Mrs J Burgess





REGISTERED OFFICE: 4 Pollard Drive
Nantwich
Cheshire
CW5 7EQ





REGISTERED NUMBER: 01856667 (England and Wales)





ACCOUNTANTS: Minshall & Co
6 Beechwood Close
Stapeley
Nantwich
Cheshire
CW5 7FY

Marlin Developments Limited (Registered number: 01856667)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 1,604,000 1,656,323
1,604,001 1,656,324

CURRENT ASSETS
Cash at bank 363,246 190,039

CREDITORS
Amounts falling due within one year 72,010 64,810
NET CURRENT ASSETS 291,236 125,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,895,237

1,781,553

PROVISIONS FOR LIABILITIES 41,833 27,833
NET ASSETS 1,853,404 1,753,720

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 6 - 268,028
Retained earnings 1,853,304 1,485,592
SHAREHOLDERS' FUNDS 1,853,404 1,753,720

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

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

Marlin Developments Limited (Registered number: 01856667)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 July 2024 and were signed on its behalf by:




Mrs J Burgess - Director



A H Burgess - Director


Marlin Developments Limited (Registered number: 01856667)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Marlin Developments 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.

Turnover
Turnover represents rents receivable net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on 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
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Marlin Developments Limited (Registered number: 01856667)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 894
DEPRECIATION
At 1 January 2023
and 31 December 2023 893
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,656,323
Additions 36,167
Disposals (110,000 )
Revaluations 21,510
At 31 December 2023 1,604,000
NET BOOK VALUE
At 31 December 2023 1,604,000
At 31 December 2022 1,656,323

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2010 1,858,971
Valuation in 2019 (678,971 )
Valuation in 2021 316,323
Valuation in 2022 160,000
Valuation in 2023 (52,323 )
1,604,000

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

31.12.23 31.12.22
£    £   
Cost 1,731,427 1,879,434

Investment properties were valued on an open market basis on 31 December 2023 by the directors .

Marlin Developments Limited (Registered number: 01856667)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. RESERVES
Non-distribut
reserve
£   
At 1 January 2023 268,028
Transfer (268,028 )

At 31 December 2023 -