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REGISTERED NUMBER: 09047165 (England and Wales)















Financial Statements for the Year Ended 29 May 2024

for

Foster Marlon Asset Management Limited

Foster Marlon Asset Management Limited (Registered number: 09047165)






Contents of the Financial Statements
for the Year Ended 29 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Foster Marlon Asset Management Limited

Company Information
for the Year Ended 29 May 2024







DIRECTORS: R Zaidi
U Zaidi





REGISTERED OFFICE: Terlon Apartments
Produce Exchange Building
8 Victoria Street
Liverpool
Merseyside
L2 6QJ





REGISTERED NUMBER: 09047165 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Foster Marlon Asset Management Limited (Registered number: 09047165)

Balance Sheet
29 May 2024

29.5.24 29.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 - 1,000
- 1,000

CURRENT ASSETS
Stocks 298,322 409,000
Debtors 6 12,860 312,339
Cash at bank 17,611 62,379
328,793 783,718
CREDITORS
Amounts falling due within one year 7 341,730 786,384
NET CURRENT LIABILITIES (12,937 ) (2,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,937

)

(1,666

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,037 ) (1,766 )
SHAREHOLDERS' FUNDS (12,937 ) (1,666 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:



U Zaidi - Director


Foster Marlon Asset Management Limited (Registered number: 09047165)

Notes to the Financial Statements
for the Year Ended 29 May 2024

1. STATUTORY INFORMATION

Foster Marlon Asset Management 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.

Despite the losses and net liability position there is no significant doubt upon the entity’s ability to continue as a going concern due to the continued support from the directors and associated companies.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of construction services received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the services are complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Foster Marlon Asset Management Limited (Registered number: 09047165)

Notes to the Financial Statements - continued
for the Year Ended 29 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 May 2023
and 29 May 2024 15,945
DEPRECIATION
At 30 May 2023
and 29 May 2024 15,945
NET BOOK VALUE
At 29 May 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 May 2023 1,000
Disposals (1,000 )
At 29 May 2024 -
NET BOOK VALUE
At 29 May 2024 -
At 29 May 2023 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.5.24 29.5.23
£    £   
Other debtors 12,860 312,339

Foster Marlon Asset Management Limited (Registered number: 09047165)

Notes to the Financial Statements - continued
for the Year Ended 29 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.5.24 29.5.23
£    £   
Bank loans and overdrafts 63,811 -
Trade creditors 3,226 4,645
Taxation and social security 20,234 19,085
Other creditors 254,459 762,654
341,730 786,384

8. SECURED DEBTS

The following secured debts are included within creditors:

29.5.24 29.5.23
£    £   
Bank loans 63,811 -

9. RELATED PARTY DISCLOSURES

Included in creditors as at 29th May 2024 is £73,198 owed to related parties under common control. The loans are repayable on demand and interest free.