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REGISTERED NUMBER: 00848542 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MARKELL LUTON LIMITED

MARKELL LUTON LIMITED (REGISTERED NUMBER: 00848542)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARKELL LUTON LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: Mr T S Thorn
Mrs H Thorn
Mrs J Blake



SECRETARY: Mrs H Thorn



REGISTERED OFFICE: Eltelec Works
Chaul End Lane
Luton
Bedfordshire
LU4 8EZ



REGISTERED NUMBER: 00848542 (England and Wales)



BANKERS: National Westminster Bank Plc
Luton & Dunstable Business Centre
Market Hill Office
31 George Street
Luton
Bedfordshire
LU1 2YN

MARKELL LUTON LIMITED (REGISTERED NUMBER: 00848542)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 332 102,783
Investments 5 161,889 161,889
162,221 264,672

CURRENT ASSETS
Debtors 6 136,295 185,821
Cash at bank 1,951,815 905,727
2,088,110 1,091,548
CREDITORS
Amounts falling due within one year 7 645,529 45,993
NET CURRENT ASSETS 1,442,581 1,045,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,604,802

1,310,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,604,702 1,310,127
SHAREHOLDERS' FUNDS 1,604,802 1,310,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:



Mr T S Thorn - Director


MARKELL LUTON LIMITED (REGISTERED NUMBER: 00848542)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

Markell Luton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced rechargeable overheads excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance

Fixed asset investments
The fixed asset investments are shown at the lower of cost and net realisable value.

Consolidation
The Company and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption provided in section 398 of Companies Act 2006 not to prepare group accounts and accordingly these accounts present information about the company as a single undertaking.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 12 ).

MARKELL LUTON LIMITED (REGISTERED NUMBER: 00848542)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 July 2023 213,205 710 213,915
Disposals (213,205 ) - (213,205 )
At 30 June 2024 - 710 710
DEPRECIATION
At 1 July 2023 110,865 267 111,132
Charge for year - 111 111
Eliminated on disposal (110,865 ) - (110,865 )
At 30 June 2024 - 378 378
NET BOOK VALUE
At 30 June 2024 - 332 332
At 30 June 2023 102,340 443 102,783

5. FIXED ASSET INVESTMENTS

2024 2023
£ £
Cost 161,889 161,889
Unlisted Investments 161,889 161,889

The Company's unlisted investments at the balance sheet date were as follows:

LTH Electronics Limited - manufacturer of electronic instruments
Class of shares: Ordinary Holding: 75%

£ £
Aggregate capital and reserves 945,965 852,588
Profit for the year after taxation 123,377 23,161

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,706
Other debtors 7,195 14,229
Amounts due from group undertakings 129,100 167,886
136,295 185,821

MARKELL LUTON LIMITED (REGISTERED NUMBER: 00848542)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,402
Corporation tax 184,854 15,654
Sundry creditors and accruals 460,675 28,937
645,529 45,993

8. RELATED PARTY DISCLOSURES

Mrs H Thorn and Mrs J Blake hold the controlling interest in the Company.

During the year the Company received management fees of Nil (2023: £15,484) from LTH Electronics Limited.

The Company also made sales to LTH Electronics Limited of Nil (2023: £30,061).

At the year end the Company was owed by LTH Electronics Limited £129,100 (2023: £167,886).

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mrs H Thorn and Mrs J Blake by virtue of their controlling interest in this company.