Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mrs D A Martin 04/03/2022 Mr T C Martin 04/03/2022 Mr R T Martin 04/03/2022 07 March 2025 The principal activity of the Company during the financial period was a holding company. 13956020 2024-12-31 13956020 bus:Director1 2024-12-31 13956020 bus:Director2 2024-12-31 13956020 bus:Director3 2024-12-31 13956020 2023-12-31 13956020 core:CurrentFinancialInstruments 2024-12-31 13956020 core:CurrentFinancialInstruments 2023-12-31 13956020 core:ShareCapital 2024-12-31 13956020 core:ShareCapital 2023-12-31 13956020 core:RetainedEarningsAccumulatedLosses 2024-12-31 13956020 core:RetainedEarningsAccumulatedLosses 2023-12-31 13956020 core:CostValuation 2023-12-31 13956020 core:CostValuation 2024-12-31 13956020 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-12-31 13956020 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-12-31 13956020 bus:OrdinaryShareClass1 2024-12-31 13956020 bus:OrdinaryShareClass2 2024-12-31 13956020 bus:OrdinaryShareClass3 2024-12-31 13956020 bus:PreferenceShareClass1 2024-12-31 13956020 2024-01-01 2024-12-31 13956020 bus:FilletedAccounts 2024-01-01 2024-12-31 13956020 bus:SmallEntities 2024-01-01 2024-12-31 13956020 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13956020 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13956020 bus:Director1 2024-01-01 2024-12-31 13956020 bus:Director2 2024-01-01 2024-12-31 13956020 bus:Director3 2024-01-01 2024-12-31 13956020 2023-01-01 2023-12-31 13956020 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13956020 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13956020 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 13956020 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 13956020 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 13956020 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 13956020 bus:PreferenceShareClass1 2024-01-01 2024-12-31 13956020 bus:PreferenceShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13956020 (England and Wales)

MARTIN DAIRY HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MARTIN DAIRY HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

MARTIN DAIRY HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2024
MARTIN DAIRY HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,015,834 3,015,834
3,015,834 3,015,834
Creditors: amounts falling due within one year 4 ( 714,612) ( 723,652)
Net current liabilities (714,612) (723,652)
Total assets less current liabilities 2,301,222 2,292,182
Net assets 2,301,222 2,292,182
Capital and reserves
Called-up share capital 5 2,292,155 2,292,155
Profit and loss account 9,067 27
Total shareholders' funds 2,301,222 2,292,182

For the financial year ending 31 December 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 Martin Dairy Holdings Limited (registered number: 13956020) were approved and authorised for issue by the Board of Directors on 07 March 2025. They were signed on its behalf by:

Mr T C Martin
Director
Mr R T Martin
Director
MARTIN DAIRY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MARTIN DAIRY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

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

General information and basis of accounting

Martin Dairy Holdings 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:
Trethick Farm
St. Mabyn
Bodmin
Cornwall
PL30 3AX
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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 3,015,834
At 31 December 2024 3,015,834
Carrying value at 31 December 2024 3,015,834
Carrying value at 31 December 2023 3,015,834

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 713,612 722,652
Accruals 1,000 1,000
714,612 723,652

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
50 Ordinary C shares of £ 1.00 each 50 50
150 150
2,292,005 Preference non-redeemable shares of £ 1.00 each 2,292,005 2,292,005
2,292,155 2,292,155

6. Related party transactions

Other related party transactions

2024 2023
£ £
Martin Dairy Limited 713,612 722,652

During the year Martin Dairy Limited advanced £100,000 to Martin Dairy Holdings Limited. Martin Dairy Holdings Limited repaid £90,960.