IRIS Accounts Production v24.1.0.578 02347178 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023471782022-11-30023471782023-11-30023471782022-12-012023-11-30023471782021-11-30023471782021-12-012022-11-30023471782022-11-3002347178ns15:EnglandWales2022-12-012023-11-3002347178ns14:PoundSterling2022-12-012023-11-3002347178ns10:Director12022-12-012023-11-3002347178ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3002347178ns10:SmallEntities2022-12-012023-11-3002347178ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3002347178ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002347178ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3002347178ns10:FullAccounts2022-12-012023-11-3002347178ns10:Director32022-12-012023-11-3002347178ns10:Director42022-12-012023-11-3002347178ns10:CompanySecretary12022-12-012023-11-3002347178ns10:RegisteredOffice2022-12-012023-11-3002347178ns5:CurrentFinancialInstruments2023-11-3002347178ns5:CurrentFinancialInstruments2022-11-3002347178ns5:ShareCapital2023-11-3002347178ns5:ShareCapital2022-11-3002347178ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3002347178ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3002347178ns5:RetainedEarningsAccumulatedLosses2023-11-3002347178ns5:RetainedEarningsAccumulatedLosses2022-11-3002347178ns5:LandBuildings2022-12-012023-11-3002347178ns5:PlantMachinery2022-12-012023-11-300234717812022-12-012023-11-300234717822022-12-012023-11-3002347178ns5:LandBuildings2022-11-3002347178ns5:PlantMachinery2022-11-3002347178ns5:LandBuildings2023-11-3002347178ns5:PlantMachinery2023-11-3002347178ns5:LandBuildings2022-11-3002347178ns5:PlantMachinery2022-11-3002347178ns5:CostValuation2022-11-3002347178ns5:AdditionsToInvestments2023-11-3002347178ns5:DisposalsRepaymentsInvestments2023-11-3002347178ns5:RevaluationsIncreaseDecreaseInInvestments2023-11-3002347178ns5:CostValuation2023-11-3002347178ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3002347178ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3002347178ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-30
REGISTERED NUMBER: 02347178 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

JP MARLAND AND SONS LIMITED

JP MARLAND AND SONS LIMITED (REGISTERED NUMBER: 02347178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JP MARLAND AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: The Rt Hon The Lord Marland Of Odstock
The Hon M Marland
The Hon H Marland





SECRETARY: Mrs J Lang





REGISTERED OFFICE: Ground Floor East
78 Belgrave Road
London
SW1V 2BJ





REGISTERED NUMBER: 02347178 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

JP MARLAND AND SONS LIMITED (REGISTERED NUMBER: 02347178)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 364,596 493,392
Investments 5 6,072,126 5,695,298
Investment property 6 1,008,216 1,008,216
7,444,938 7,196,906

CURRENT ASSETS
Debtors 7 823,025 1,426,674
Cash at bank and in hand 845,843 338,788
1,668,868 1,765,462
CREDITORS
Amounts falling due within one year 8 111,100 98,088
NET CURRENT ASSETS 1,557,768 1,667,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,002,706

8,864,280

PROVISIONS FOR LIABILITIES - 119,335
NET ASSETS 9,002,706 8,744,945

CAPITAL AND RESERVES
Called up share capital 14,287 14,287
Fair value reserve 9 1,410,606 1,291,270
Retained earnings 7,577,813 7,439,388
SHAREHOLDERS' FUNDS 9,002,706 8,744,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

JP MARLAND AND SONS LIMITED (REGISTERED NUMBER: 02347178)

BALANCE SHEET - continued
30TH NOVEMBER 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 17th July 2024 and were signed on its behalf by:





The Rt Hon The Lord Marland Of Odstock - Director


JP MARLAND AND SONS LIMITED (REGISTERED NUMBER: 02347178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

JP Marland and Sons 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33.33% on cost, 25% on reducing balance and 4% on cost

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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JP MARLAND AND SONS LIMITED (REGISTERED NUMBER: 02347178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Fixed asset investments
FRS 102 requires investments to be stated at fair value except where the fair value cannot be measured reliably. Listed fixed asset investments are held at fair value with the gain/loss recognised in the profit and loss account. Where the fair value cannot be measured reliably, unlisted investments will be held at cost less impairment.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2022 371,369 198,830 570,199
Additions - 1,188 1,188
Disposals (114,680 ) - (114,680 )
At 30th November 2023 256,689 200,018 456,707
DEPRECIATION
At 1st December 2022 22,276 54,531 76,807
Charge for year 5,133 17,049 22,182
Eliminated on disposal (6,878 ) - (6,878 )
At 30th November 2023 20,531 71,580 92,111
NET BOOK VALUE
At 30th November 2023 236,158 128,438 364,596
At 30th November 2022 349,093 144,299 493,392

JP MARLAND AND SONS LIMITED (REGISTERED NUMBER: 02347178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st December 2022 10 5,695,288 5,695,298
Additions - 514,878 514,878
Disposals - (157,560 ) (157,560 )
Revaluations - 31,655 31,655
Return of capital - (12,145 ) (12,145 )
At 30th November 2023 10 6,072,116 6,072,126
NET BOOK VALUE
At 30th November 2023 10 6,072,116 6,072,126
At 30th November 2022 10 5,695,288 5,695,298

Cost or valuation at 30th November 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2020 - (6,051,620 ) (6,051,620 )
Valuation in 2021 - 567,544 567,544
Valuation in 2022 - 719,093 719,093
Valuation in 2023 - 31,655 31,655
Cost 10 10,805,444 10,805,454
10 6,072,116 6,072,126

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022
and 30th November 2023 1,008,216
NET BOOK VALUE
At 30th November 2023 1,008,216
At 30th November 2022 1,008,216

The directors have considered the valuation of the investment property and consider it to be an accurate valuation as at the balance sheet date and no further revaluation is considered necessary.

JP MARLAND AND SONS LIMITED (REGISTERED NUMBER: 02347178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,180 4,179
Other debtors 817,845 1,422,495
823,025 1,426,674

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,586 5,159
Taxation and social security 11,400 3,763
Other creditors 91,114 89,166
111,100 98,088

9. RESERVES
Fair
value
reserve
£   
At 1st December 2022 1,291,270
Deferred tax on gain on
revaluation of investments 119,336

At 30th November 2023 1,410,606

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £719,533 (2022: £736,733) due over a total period of 42 years.

11. RELATED PARTY DISCLOSURES

Included in other creditors are directors loans of £15,430 (2022: £15,430).