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REGISTERED NUMBER: 08162171 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARSHALL DEVONPORT LIMITED

MARSHALL DEVONPORT LIMITED (REGISTERED NUMBER: 08162171)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSHALL DEVONPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G D Mulchandani
M D Mulchandani





REGISTERED OFFICE: Prop House
Abbey Road
Park Royal
London
NW10 7BX





REGISTERED NUMBER: 08162171 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
40 High Street
Northwood
Middlesex
HA6 1BN

MARSHALL DEVONPORT LIMITED (REGISTERED NUMBER: 08162171)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 6,716,583 6,999,156
Investments 6 7,576,114 5,209,445
Cash at bank and in hand 10,347,120 9,138,619
24,639,817 21,347,220
CREDITORS
Amounts falling due within one year 7 2,593,420 2,622,009
NET CURRENT ASSETS 22,046,397 18,725,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,046,497

18,725,311

PROVISIONS FOR LIABILITIES 238,299 62,525
NET ASSETS 21,808,198 18,662,786

CAPITAL AND RESERVES
Called up share capital 8 200 200
Fair value reserve 9 790,659 239,669
Retained earnings 21,017,339 18,422,917
SHAREHOLDERS' FUNDS 21,808,198 18,662,786

The company is entitled to exemption from audit under Section 477 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.

MARSHALL DEVONPORT LIMITED (REGISTERED NUMBER: 08162171)

BALANCE SHEET - continued
31 DECEMBER 2023


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 24 September 2024 and were signed on its behalf by:





G D Mulchandani - Director


MARSHALL DEVONPORT LIMITED (REGISTERED NUMBER: 08162171)

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


1. STATUTORY INFORMATION

Marshall Devonport 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.

Preparation of consolidated financial statements
The financial statements contain information about Marshall Devonport Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Current asset investments
Investments in publicly quoted shares 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. The fair values of publicly quoted shares are assumed to be their mid-market values.

MARSHALL DEVONPORT LIMITED (REGISTERED NUMBER: 08162171)

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


3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,714,156 6,999,156
Accrued income 2,427 -
6,716,583 6,999,156

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 7,576,114 5,209,445

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1
Amounts owed to group undertakings 1,270,000 2,670,000
Tax 67,220 (54,192 )
Other creditors 1,250,000 -
Accruals and deferred income 6,200 6,200
2,593,420 2,622,009

MARSHALL DEVONPORT LIMITED (REGISTERED NUMBER: 08162171)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary shares £1 200 200

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 239,669
Transfers 550,990

At 31 December 2023 790,659

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
G D Mulchandani
Balance outstanding at start of year - -
Amounts advanced 500,000 660,000
Amounts repaid (500,000 ) (660,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.