REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
MARKELL LUTON LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced rechargeable overheads excluding value added tax. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
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 - |
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 |
Disposals | ( |
) | ( |
) |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 |
Other debtors |
Amounts due from group undertakings | 129,100 | 167,886 |
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 |
Corporation tax |
Sundry creditors and accruals |
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. |