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REGISTERED NUMBER: 06435272 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MARHAR INVESTMENTS LIMITED

MARHAR INVESTMENTS LIMITED (REGISTERED NUMBER: 06435272)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARHAR INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: M Kleinman
H M Soning
J H L Weston



REGISTERED OFFICE: 72/75 Marylebone High Street
London
W1U 5JW



REGISTERED NUMBER: 06435272 (England and Wales)



ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL



BANKERS: Coutts & Co
440 Strand
London
WC2R 0QS



SOLICITORS: Kingsley Napley LLP
20 Bonhill Street
London
EC2 4DN

MARHAR INVESTMENTS LIMITED (REGISTERED NUMBER: 06435272)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Investments 3 19,888 25,201
Investment property 4 920,000 920,000
939,888 945,201

CURRENT ASSETS
Debtors 5 408,866 69,188
Cash at bank 60,830 101,054
469,696 170,242
CREDITORS
Amounts falling due within one year 6 (616,609 ) (37,138 )
NET CURRENT (LIABILITIES)/ASSETS (146,913 ) 133,104
TOTAL ASSETS LESS CURRENT LIABILITIES 792,975 1,078,305

CREDITORS
Amounts falling due after more than one year 7 - (271,428 )

PROVISIONS FOR LIABILITIES (10,004 ) (10,004 )
NET ASSETS 782,971 796,873

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 782,871 796,773
SHAREHOLDERS' FUNDS 782,971 796,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MARHAR INVESTMENTS LIMITED (REGISTERED NUMBER: 06435272)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





H M Soning - Director


MARHAR INVESTMENTS LIMITED (REGISTERED NUMBER: 06435272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. ACCOUNTING POLICIES

Company information
Marhar Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 72/75 Marylebone High Street, London, W1U 5JW.


Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts receivable for rent net of VAT.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


MARHAR INVESTMENTS LIMITED (REGISTERED NUMBER: 06435272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. ACCOUNTING POLICIES - continued
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of
certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Investments in quoted shares, is initially recognised at cost and subsequently measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

2. EMPLOYEES AND DIRECTORS

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

MARHAR INVESTMENTS LIMITED (REGISTERED NUMBER: 06435272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 25,201
Revaluations (5,313 )
At 30 November 2024 19,888
NET BOOK VALUE
At 30 November 2024 19,888
At 30 November 2023 25,201

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2024 19,888

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 920,000
NET BOOK VALUE
At 30 November 2024 920,000
At 30 November 2023 920,000

The valuation of the investment property was made as at 30 November 2024 by the directors of the company on an open market basis, based on a recent independent valuation. On an historical basis the property would have been included at an original cost of £833,984.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 408,866 69,188

MARHAR INVESTMENTS LIMITED (REGISTERED NUMBER: 06435272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 425,672 19,017
Trade creditors 2,674 2,138
Taxation and social security 2,123 3,800
Other creditors 186,140 12,183
616,609 37,138

The aggregate amount of creditors for which security has been given amounted to £430,000 (2023: £293,750).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 271,428

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY TRANSACTIONS

Included within other debtors are amounts of £388,000 (2023: £45,000) owed by a related company. This relates to an interest free loan which is repayable on demand. Both companies are controlled by the same shareholders.

Included within other creditors are amounts of £172,713 (2023: £nil) owed to a related company. This relates to an 5% interest loan which is repayable on demand. A director has a significant interest in that company.