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Company No: 14718138 (England and Wales)

MARRAM CAPITAL LIMITED

Unaudited Financial Statements
For the financial period from 09 March 2023 to 30 June 2024
Pages for filing with the registrar

MARRAM CAPITAL LIMITED

Unaudited Financial Statements

For the financial period from 09 March 2023 to 30 June 2024

Contents

MARRAM CAPITAL LIMITED

COMPANY INFORMATION

For the financial period from 09 March 2023 to 30 June 2024
MARRAM CAPITAL LIMITED

COMPANY INFORMATION (continued)

For the financial period from 09 March 2023 to 30 June 2024
DIRECTORS C A Hodson (Appointed 09 March 2023)
T B W Hodson (Appointed 09 March 2023)
REGISTERED OFFICE Level 1 Brockbourne House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS
United Kingdom
COMPANY NUMBER 14718138 (England and Wales)
ACCOUNTANT Evelyn Partners (South East) Limited
Brockbourne House
77 Mount Ephraim
Royal Tunbridge Wells
TN4 8BS
MARRAM CAPITAL LIMITED

BALANCE SHEET

As at 30 June 2024
MARRAM CAPITAL LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024
£
Fixed assets
Investments 3 2,259,609
2,259,609
Current assets
Debtors 4 749
Cash at bank and in hand 283,976
284,725
Creditors: amounts falling due within one year 5 ( 2,418,566)
Net current liabilities (2,133,841)
Total assets less current liabilities 125,768
Net assets 125,768
Capital and reserves
Called-up share capital 100
Profit and loss account 125,668
Total shareholders' funds 125,768

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Marram Capital Limited (registered number: 14718138) were approved and authorised for issue by the Board of Directors on 06 March 2025. They were signed on its behalf by:

T B W Hodson
Director
MARRAM CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 09 March 2023 to 30 June 2024
MARRAM CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 09 March 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Marram Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Level 1 Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Marram Capital Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

Period from
09.03.2023 to
30.06.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 09 March 2023 0 0
Additions 2,213,930 2,213,930
Movement in fair value 45,679 45,679
At 30 June 2024 2,259,609 2,259,609
Carrying value at 30 June 2024 2,259,609 2,259,609

4. Debtors

30.06.2024
£
Other debtors 749

5. Creditors: amounts falling due within one year

30.06.2024
£
Amounts owed to directors 2,399,900
Accruals 5,481
Taxation and social security 13,185
2,418,566

There is a fixed charge held over the company's assets by Bank UBS AG, London Branch, as per the terms on the Deed of Charge, dated 12 June 2024 and delivered on 19 June 2024. At the year-end, this charge remains outstanding.

6. Related party transactions

Transactions with the entity's directors

30.06.2024
£
Loans made to the Company by the directors 2,399,900

At the year-end, the Company owed the directors £2,399,900. This loan is unsecured, interest free and repayable on demand.

7. Ultimate controlling party

The directors do not consider there to be an ultimate controlling party.