Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mrs D A Martin 04/03/2022 Mr T C Martin 04/03/2022 Mr R T Martin 04/03/2022 15 September 2024 The principal activity of the Company during the financial period was a holding company. 13956020 2023-12-31 13956020 bus:Director1 2023-12-31 13956020 bus:Director2 2023-12-31 13956020 bus:Director3 2023-12-31 13956020 2022-12-31 13956020 core:CurrentFinancialInstruments 2023-12-31 13956020 core:CurrentFinancialInstruments 2022-12-31 13956020 core:ShareCapital 2023-12-31 13956020 core:ShareCapital 2022-12-31 13956020 core:RetainedEarningsAccumulatedLosses 2023-12-31 13956020 core:RetainedEarningsAccumulatedLosses 2022-12-31 13956020 core:CostValuation 2022-12-31 13956020 core:CostValuation 2023-12-31 13956020 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-12-31 13956020 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-12-31 13956020 bus:OrdinaryShareClass1 2023-12-31 13956020 bus:OrdinaryShareClass2 2023-12-31 13956020 bus:OrdinaryShareClass3 2023-12-31 13956020 bus:PreferenceShareClass1 2023-12-31 13956020 2023-01-01 2023-12-31 13956020 bus:FilletedAccounts 2023-01-01 2023-12-31 13956020 bus:SmallEntities 2023-01-01 2023-12-31 13956020 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13956020 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13956020 bus:Director1 2023-01-01 2023-12-31 13956020 bus:Director2 2023-01-01 2023-12-31 13956020 bus:Director3 2023-01-01 2023-12-31 13956020 2022-03-04 2022-12-31 13956020 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13956020 bus:OrdinaryShareClass1 2022-03-04 2022-12-31 13956020 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 13956020 bus:OrdinaryShareClass2 2022-03-04 2022-12-31 13956020 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 13956020 bus:OrdinaryShareClass3 2022-03-04 2022-12-31 13956020 bus:PreferenceShareClass1 2023-01-01 2023-12-31 13956020 bus:PreferenceShareClass1 2022-03-04 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13956020 (England and Wales)

MARTIN DAIRY HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

MARTIN DAIRY HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

MARTIN DAIRY HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
MARTIN DAIRY HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 31.12.2022
£ £
Fixed assets
Investments 3 3,015,834 3,015,834
3,015,834 3,015,834
Creditors: amounts falling due within one year 4 ( 723,652) ( 724,479)
Net current liabilities (723,652) (724,479)
Total assets less current liabilities 2,292,182 2,291,355
Net assets 2,292,182 2,291,355
Capital and reserves
Called-up share capital 5 2,292,155 2,292,155
Profit and loss account 27 ( 800 )
Total shareholders' funds 2,292,182 2,291,355

For the financial year ending 31 December 2023 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 Martin Dairy Holdings Limited (registered number: 13956020) were approved and authorised for issue by the Board of Directors on 15 September 2024. They were signed on its behalf by:

Mrs D A Martin
Director
MARTIN DAIRY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
MARTIN DAIRY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
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 period, unless otherwise stated.

General information and basis of accounting

Martin Dairy 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:
Treveighan Farm
Treveighan
St Teath
Bodmin
Cornwall
PL30 3JN
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 Balance Sheet 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

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

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

Year ended
31.12.2023
Period from
04.03.2022 to
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

31.12.2023
£
Cost
At 01 January 2023 3,015,834
At 31 December 2023 3,015,834
Carrying value at 31 December 2023 3,015,834
Carrying value at 31 December 2022 3,015,834

4. Creditors: amounts falling due within one year

31.12.2023 31.12.2022
£ £
Amounts owed to own subsidiaries 722,652 399,850
Accruals 1,000 800
Other creditors 0 323,829
723,652 724,479

5. Called-up share capital

31.12.2023 31.12.2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
50 Ordinary C shares of £ 1.00 each 50 50
150 150
2,292,005 Preference non-redeemable shares of £ 1.00 each 2,292,005 2,292,005
2,292,155 2,292,155

6. Related party transactions

Other related party transactions

31.12.2023 31.12.2022
£ £
Martin Dairy Limited 722,652 399,850

During the year Martin Dairy Limited advanced £423,802 to Martin Dairy Holdings Limited. Martin Dairy Holdings Limited repaid £101,000.