REGISTERED NUMBER: |
MARATHON ELECTRIC (UK) LIMITED |
PREVIOUSLY KNOWN AS |
REGAL BELOIT UK LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
REGISTERED NUMBER: |
MARATHON ELECTRIC (UK) LIMITED |
PREVIOUSLY KNOWN AS |
REGAL BELOIT UK LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
MARATHON ELECTRIC (UK) LIMITED (REGISTERED NUMBER: 04595019) |
PREVIOUSLY KNOWN AS REGAL BELOIT UK LTD |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
MARATHON ELECTRIC (UK) LIMITED |
PREVIOUSLY KNOWN AS REGAL BELOIT UK LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
MARATHON ELECTRIC (UK) LIMITED (REGISTERED NUMBER: 04595019) |
PREVIOUSLY KNOWN AS REGAL BELOIT UK LTD |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
MARATHON ELECTRIC (UK) LIMITED (REGISTERED NUMBER: 04595019) |
PREVIOUSLY KNOWN AS REGAL BELOIT UK LTD |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Marathon Electric (UK) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The Board decided the financial statements were not to be prepared on a going concern basis given the trade and assets of the business were acquired by Regal manufacturing Limited on 7th May 2019 . Following a full review of the assets and liabilities the Board has concluded that no adjustments are necessary to the carrying values as disclosed within the financial statements. |
The company was dormant throughout the current year and previous year. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 3 | 3 |
6. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Regal Beloit Corporation, a company incorporated in the USA. |
Copies of the Regal Beloit Corporation group financial statements are available to the public at the following address, Corporate office, 200 State Street, Beloit, Wisconsin 53511-6254. |