Silverfin false false 30/06/2024 01/07/2023 30/06/2024 G Macauley 15/10/2018 C Pearson 15/10/2018 29 August 2024 The principal activity of the Company during the financial year was that of a holding company. 11622590 2024-06-30 11622590 bus:Director1 2024-06-30 11622590 bus:Director2 2024-06-30 11622590 2023-06-30 11622590 core:CurrentFinancialInstruments 2024-06-30 11622590 core:CurrentFinancialInstruments 2023-06-30 11622590 core:ShareCapital 2024-06-30 11622590 core:ShareCapital 2023-06-30 11622590 core:CostValuation 2023-06-30 11622590 core:CostValuation 2024-06-30 11622590 bus:OrdinaryShareClass1 2024-06-30 11622590 bus:OrdinaryShareClass2 2024-06-30 11622590 2023-07-01 2024-06-30 11622590 bus:FilletedAccounts 2023-07-01 2024-06-30 11622590 bus:SmallEntities 2023-07-01 2024-06-30 11622590 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11622590 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11622590 bus:Director1 2023-07-01 2024-06-30 11622590 bus:Director2 2023-07-01 2024-06-30 11622590 2022-07-01 2023-06-30 11622590 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11622590 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11622590 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 11622590 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11622590 (England and Wales)

MARTYN PRICE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

MARTYN PRICE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

MARTYN PRICE HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
MARTYN PRICE HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 814,847 814,847
814,847 814,847
Current assets
Debtors 4 100 100
100 100
Creditors: amounts falling due within one year 5 ( 814,847) ( 814,847)
Net current liabilities (814,747) (814,747)
Total assets less current liabilities 100 100
Net assets 100 100
Capital and reserves
Called-up share capital 6 100 100
Total shareholders' funds 100 100

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Martyn Price Holdings Limited (registered number: 11622590) were approved and authorised for issue by the Board of Directors on 29 August 2024. They were signed on its behalf by:

G Macauley
Director
MARTYN PRICE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
MARTYN PRICE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Martyn Price Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 8 The Washington Centre, Halesowen Road, Dudley, DY2 9RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 814,847
At 30 June 2024 814,847
Carrying value at 30 June 2024 814,847
Carrying value at 30 June 2023 814,847

4. Debtors

2024 2023
£ £
Other debtors 100 100

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 814,847 814,847

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
90 Ordinary shares of £ 1.00 each 90 90
10 Ordinary "A" shares of £ 1.00 each 10 10
100 100

7. Related party transactions

Dividends were declared during the year totalling £75,499 (2023: £90,075).