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REGISTERED NUMBER: 01254460 (England and Wales)










MARSHALL FARMER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






MARSHALL FARMER LIMITED (REGISTERED NUMBER: 01254460)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


MARSHALL FARMER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: J K Boneham
H Lyu
A Marshall
P Wei
Y Zhang





REGISTERED OFFICE: Jacobs Building
Dalton Airfield Industrial Estate
Dalton
North Yorkshire
YO7 3HE





REGISTERED NUMBER: 01254460 (England and Wales)





AUDITORS: Thomas Coombs Limited
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

MARSHALL FARMER LIMITED (REGISTERED NUMBER: 01254460)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 285,277 288,614
Investments 6 310,000 310,000
595,277 598,614

CREDITORS
Amounts falling due within one year 7 168,732 168,732
NET CURRENT LIABILITIES (168,732 ) (168,732 )
TOTAL ASSETS LESS CURRENT LIABILITIES 426,545 429,882

CAPITAL AND RESERVES
Called up share capital 8 485,251 485,251
Capital redemption reserve 1,751 1,751
Retained earnings (60,457 ) (57,120 )
SHAREHOLDERS' FUNDS 426,545 429,882

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 22nd May 2024 and were signed on its behalf by:





J K Boneham - Director


MARSHALL FARMER LIMITED (REGISTERED NUMBER: 01254460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Marshall Farmer 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.

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 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 company ceased trading during the year and the directors intend to complete the transfer all remaining assets of the company in due course to its immediate parent company, Colomer Munmany Europe Company Limited, and as such the company will not be operating for a period of no less than 12 months from the date of approval of the financial statements. Accordingly as required by Accounting Standards, the directors have prepared the financial statements on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land & Buildings - 2%, 4%, 10% Straight Line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MARSHALL FARMER LIMITED (REGISTERED NUMBER: 01254460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 45,000
AMORTISATION
At 1st January 2023
and 31st December 2023 45,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st January 2023
and 31st December 2023 444,791
DEPRECIATION
At 1st January 2023 156,177
Charge for year 3,337
At 31st December 2023 159,514
NET BOOK VALUE
At 31st December 2023 285,277
At 31st December 2022 288,614

Within the year Plant and Machinery within Marshall Farmer Limited was transferred to Colomer Munmany Europe Company Limited, the immediate parent company as part of the group restructure.

MARSHALL FARMER LIMITED (REGISTERED NUMBER: 01254460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2023
and 31st December 2023 310,000
NET BOOK VALUE
At 31st December 2023 310,000
At 31st December 2022 310,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Charles Paisley & Sons Limited
Registered office: United Kingdom
Nature of business: Other business support activities
%
Class of shares: holding
Ordinary 87.50

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 168,732 168,732

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
485,251 Ordinary A 1 485,251 485,251

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stuart Adam FCA (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited

10. ULTIMATE CONTROLLING PARTY

The controlling party is Hui Lyu and Heping Wang.

The company's immediate parent is Colomer Munmany Europe Company Limited incorporated in England.

The ultimate parent is Longfeng Colomer Co. Limited, incorporated in China.