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REGISTERED NUMBER: 04595019 (England and Wales)















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: H G Hagens
A Rodriques





REGISTERED OFFICE: Marshall Way
Heapham Road Industrial Estate
Gainsborough
Lincolnshire
DN21 1XU





REGISTERED NUMBER: 04595019 (England and Wales)

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 4 366,314 366,314
NET CURRENT LIABILITIES (366,314 ) (366,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(366,314

)

(366,314

)

CAPITAL AND RESERVES
Called up share capital 5 3 3
Retained earnings (366,317 ) (366,317 )
SHAREHOLDERS' FUNDS (366,314 ) (366,314 )

The company is entitled to exemption from audit under Section 480 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.

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 19 August 2024 and were signed on its behalf by:




H G Hagens - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 366,314 366,314

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 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.