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REGISTERED NUMBER: 08405509 (England and Wales)















MARCH MAY (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 31 DECEMBER 2023






MARCH MAY (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405509)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


MARCH MAY (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Mr I A Hornsby
Mr A J Hornsby
Mr D E Nott
Mr A C Nott





SECRETARY: Mr A J Hornsby





REGISTERED OFFICE: Howard Road
Eaton Socon
St. Neots
Cambridgeshire
PE19 8NZ





REGISTERED NUMBER: 08405509 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

MARCH MAY (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405509)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,188,164 -
Investments 5 768 768
Investment property 6 735,090 -
2,924,022 768

CURRENT ASSETS
Debtors 7 36,078 425
Cash at bank and in hand 382,985 1,100,778
419,063 1,101,203
CREDITORS
Amounts falling due within one year 8 76,202 1,380
NET CURRENT ASSETS 342,861 1,099,823
TOTAL ASSETS LESS CURRENT LIABILITIES 3,266,883 1,100,591

CREDITORS
Amounts falling due after more than one year 9 887,423 -
NET ASSETS 2,379,460 1,100,591

CAPITAL AND RESERVES
Called up share capital 11 1,152 1,152
Retained earnings 2,378,308 1,099,439
SHAREHOLDERS' FUNDS 2,379,460 1,100,591

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Mr A C Nott - Director


MARCH MAY (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

1. GENERAL INFORMATION

March May (Holdings) Limited is a private company, limited by shares, registered in England and Wales. The address of the registered office is given in the company information on page one of these financial statements.

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

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 cover the individual entity.

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.

Preparation of consolidated financial statements
The financial statements contain information about March May (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.

Property, plat and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - freeholdBuildings straight line over 25 years. Land is not depreciated and
carried at cost
Improvements to property7 years straight line

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment is recognised immediately in the income statement.

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

Investment property
Investment properties are shown at their most recent valuations. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Investment properties occupied by group companies are shown within property, plant and equipment at deemed cost, and depreciated from the date of acquisition.

3. EMPLOYEES AND DIRECTORS

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

MARCH MAY (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 2,021,848 224,175 2,246,023
At 31 December 2023 2,021,848 224,175 2,246,023
DEPRECIATION
Charge for period 46,863 10,996 57,859
At 31 December 2023 46,863 10,996 57,859
NET BOOK VALUE
At 31 December 2023 1,974,985 213,179 2,188,164

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 December 2023 768
NET BOOK VALUE
At 31 December 2023 768
At 31 August 2022 768

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 735,090
At 31 December 2023 735,090
NET BOOK VALUE
At 31 December 2023 735,090

The investment property was purchased in March 2023 and was initially measured at cost, including related transactions costs. The directors have reviewed the investment property market as at 31 December 2023 and are satisfied that there is no material difference between the initial cost and the value at the balance sheet date.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 425 425
VAT 140 -
Deferred tax asset 35,513 -
36,078 425

MARCH MAY (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 73,047 -
Trade creditors 840 -
Accrued expenses 2,315 1,380
76,202 1,380

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 79,117 -
Bank loans - 2-5 years 279,032 -
Bank loans more 5 yr by instal 529,274 -
887,423 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 529,274 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 960,470 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
580 'A' Ordinary shares £1 580 580
341 'B' Ordinary shares £1 341 341
231 'C' Ordinary shares £1 231 231
1,152 1,152