Company No:
Contents
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 |
Note | 30.06.2024 | |
£ | ||
Fixed assets | ||
Investments | 3 |
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2,259,609 | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand |
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284,725 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (2,133,841) | |
Total assets less current liabilities | 125,768 | |
Net assets |
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Capital and reserves | ||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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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:
T B W Hodson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
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.
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.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.
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.
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 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.
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.
Period from 09.03.2023 to 30.06.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Listed investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 09 March 2023 |
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Additions |
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Movement in fair value |
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At 30 June 2024 |
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Carrying value at 30 June 2024 |
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30.06.2024 | |
£ | |
Other debtors |
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30.06.2024 | |
£ | |
Amounts owed to directors |
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Accruals |
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Taxation and social security |
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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.
The directors do not consider there to be an ultimate controlling party.