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COMPANY REGISTRATION NUMBER: 10945627
Marrygold Limited
Filleted Unaudited Financial Statements
31 July 2024
Marrygold Limited
Balance Sheet
31 July 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
10,000,247
10,000,247
Current assets
Debtors
5
12,040,225
12,092,045
Cash at bank and in hand
21,393
51,523
-------------
-------------
12,061,618
12,143,568
-------------
-------------
Net current assets
12,061,618
12,143,568
-------------
-------------
Total assets less current liabilities
22,061,865
22,143,815
Creditors: amounts falling due after more than one year
6
905,684
905,684
-------------
-------------
Net assets
21,156,181
21,238,131
-------------
-------------
Capital and reserves
Called up share capital
2,247
2,247
Share premium account
7
9,879,510
9,879,510
Profit and loss account
7
11,274,424
11,356,374
-------------
-------------
Shareholders funds
21,156,181
21,238,131
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Marrygold Limited
Balance Sheet (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 7 February 2025 , and are signed on behalf of the board by:
Dr M Patel
Director
Company registration number: 10945627
Marrygold Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
Shares in group undertakings
£
Cost
At 1 August 2023 and 31 July 2024
10,000,247
-------------
Impairment
At 1 August 2023 and 31 July 2024
-------------
Carrying amount
At 31 July 2024
10,000,247
-------------
At 31 July 2023
10,000,247
-------------
The director is of the opinion that the carrying value of the company's investments at the reporting date are the same as the market value.
The company owns more than 20% of the issued share capital of the company listed below.
Proportion
Subsidiary undertakings Holding Held Nature of business
Dentasmile Limited Ordinary 100% Dental services
shares
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings
12,040,225
12,065,480
Other debtors
26,565
-------------
-------------
12,040,225
12,092,045
-------------
-------------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Amounts owed by group undertakings
12,040,225
12,065,480
-------------
-------------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
905,684
905,684
---------
---------
7. Reserves
2024 2023
£ £
Distributable reserves 1,294,524 1,376,474
Fair value gain on financial assets 9,979,900 9,979,900
------------- -------------
11,274,424 11,356,374
------------- -------------
8. Directors' advances, credits and guarantees
At the reporting date, the company owed £905,684 (2023: £905,684) to the directors in respect of their interest free loan which does not have a fixed repayment date. At the balance sheet date, the loan is presented within creditors: amounts falling due after more than one year.
9. Related party transactions
The company has taken advantage of the exemption from disclosing related party transactions with other companies that are wholly owned within the group.
10. Controlling party
The ultimate controlling party is Dr M Patel by virtue of his 100% holding in the voting share capital.