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REGISTERED NUMBER: 05647289 (England and Wales)






















Marr Management Limited

Financial Statements for the Year Ended 31st December 2023






Marr Management Limited (Registered number: 05647289)






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


Marr Management Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: D Parlevliet
J C Van Der Plas
J Sandell
B Thorsteinsson





SECRETARY: Mackinnons Solicitors





REGISTERED OFFICE: The Orangery
Hesslewood Business Park
Ferriby Road
Hessle
East Yorkshire
HU13 0LH





REGISTERED NUMBER: 05647289 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Marr Management Limited (Registered number: 05647289)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,121 56,115

CURRENT ASSETS
Debtors 5 1,168,292 13,740,066
Cash at bank 10,320,887 2,528,963
11,489,179 16,269,029
CREDITORS
Amounts falling due within one year 6 4,932,843 9,727,470
NET CURRENT ASSETS 6,556,336 6,541,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,564,457

6,597,674

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 6,564,456 6,597,673
SHAREHOLDERS' FUNDS 6,564,457 6,597,674

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 14th June 2024 and were signed on its behalf by:





J Sandell - Director


Marr Management Limited (Registered number: 05647289)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Marr Management 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policy is adopted for the recognition of turnover is as follows:

Fishing operations and management services
Turnover from fishing operations and management services are recognised when significant risks and rewards are transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation 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:

Fixtures, fittings and equipment etc - between 15% and 33% on cost.

Taxation
Current tax represents the amount payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits nd total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Marr Management Limited (Registered number: 05647289)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Employee benefits
When employees have rendered service to the company, short-term employee benefit to which the employees are entitled to are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable/payable within one year
Debtor 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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 147,824
Additions 10,698
Disposals (63,724 )
At 31st December 2023 94,798
DEPRECIATION
At 1st January 2023 91,709
Charge for year 12,031
Eliminated on disposal (17,063 )
At 31st December 2023 86,677
NET BOOK VALUE
At 31st December 2023 8,121
At 31st December 2022 56,115

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 155,598 203,983
Amounts owed by group undertakings 11,426 13,137,084
Other debtors 1,001,268 398,999
1,168,292 13,740,066

Marr Management Limited (Registered number: 05647289)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 921,538 2,264,400
Amounts owed to group undertakings 3,511,592 6,855,375
Taxation and social security 7,694 8,035
Other creditors 492,019 599,660
4,932,843 9,727,470

7. LEASING AGREEMENTS

Non-cancellable
operating leases
2023 2022
£ £
Within one year 35,102 20,861
Between one and five years 38,081 19,130
73,183 39,992

8. CALLED UP SHARE CAPITAL

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

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

The Report of the Auditors was unqualified.

Peter Dearing BSc FCCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

10. CONTINGENT LIABILITIES

The company is party to a joint guarantee with its ultimate parent undertaking and fellow subsidiary undertakings in respect of the group borrowings which are secured, in part, by mortgages in certain vessels.The amount relating to the joint guarantee is £29,104,824 (2022: £30,920,876).

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.

Copies of the UK Fisheries Limited accounts have been filed at Companies House, Cardiff, and can be obtained from the Group's registered office at The Orangery, Hesslewood Business Park, Hessle, East Yorkshire.

12. ULTIMATE PARENT COMPANY

The controlling party is UK Fisheries Limited.