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REGISTERED NUMBER: 05899987 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MARLIN MARQUEES LIMITED

MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARLIN MARQUEES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S Wood-Hill
J R Wood-Hill





SECRETARY: S Wood-Hill





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 05899987 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 634,113 729,149

CURRENT ASSETS
Debtors 5 129,061 134,179
Cash at bank - 50,238
129,061 184,417
CREDITORS
Amounts falling due within one year 6 186,840 261,584
NET CURRENT LIABILITIES (57,779 ) (77,167 )
TOTAL ASSETS LESS CURRENT LIABILITIES 576,334 651,982

CREDITORS
Amounts falling due after more than one
year

7

(40,579

)

(92,250

)

PROVISIONS FOR LIABILITIES (154,431 ) (166,890 )
NET ASSETS 381,324 392,842

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 60,000 60,000
Retained earnings 321,224 332,742
SHAREHOLDERS' FUNDS 381,324 392,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





J R Wood-Hill - Director


MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Marlin Marquees 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.

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. The company is dependent upon the support of the directors who have indicated that they will introduce funds as required to meet the company's liabilities. The directors therefore consider that the going concern basis is appropriate. The financial statements do not contain any adjustments that might be necessary were the going concern basis to be no longer appropriate.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

Revaluation of tangible assets:
The company carries its tangible assets at fair value. Any fair value gains arising are not realised profits and therefore are transferred to a separately designated non-distributable fair value reserve. The directors determined fair value at 31 August 2024. The method and significant assumptions used to determine the fair value of tangible assets are further explained in Note 5.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Marquee Structure & Lining - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance


MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Marquee Fixtures
Structure Plant and and
& Lining machinery fittings
£    £    £   
COST OR VALUATION
At 1 September 2023 858,549 139,372 1,395
Additions 6,742 750 -
Disposals (600 ) (8,250 ) -
At 31 August 2024 864,691 131,872 1,395
DEPRECIATION
At 1 September 2023 322,612 82,532 1,196
Charge for year 54,242 8,392 40
Eliminated on disposal (357 ) (6,626 ) -
At 31 August 2024 376,497 84,298 1,236
NET BOOK VALUE
At 31 August 2024 488,194 47,574 159
At 31 August 2023 535,937 56,840 199

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 252,804 7,412 1,259,532
Additions 104,944 - 112,436
Disposals (131,467 ) (299 ) (140,616 )
At 31 August 2024 226,281 7,113 1,231,352
DEPRECIATION
At 1 September 2023 118,816 5,227 530,383
Charge for year 24,114 430 87,218
Eliminated on disposal (13,105 ) (274 ) (20,362 )
At 31 August 2024 129,825 5,383 597,239
NET BOOK VALUE
At 31 August 2024 96,456 1,730 634,113
At 31 August 2023 133,988 2,185 729,149

Included in the total net book value of fixed assets held at 31 August 2024 was £84,700 (2023 - £153,344) in respect of assets held under hire purchase and leasing agreements.

MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2024 is represented by:

Marquee Fixtures
Structure Plant and and
& Lining machinery fittings
£    £    £   
Valuation in 2024 80,000 - -
Cost 784,691 131,872 1,395
864,691 131,872 1,395

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 - - 80,000
Cost 226,281 7,113 1,151,352
226,281 7,113 1,231,352

The fair value (open market basis) of tangible fixed assets was assessed by the directors at 31 August 2024. The directors took into account the condition of the tangible fixed assets as well as current market conditions.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 600 977
Other debtors 128,461 133,202
129,061 134,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,810 10,000
Hire purchase contracts 27,931 33,146
Trade creditors 36,453 10,604
Taxation and social security 28,303 60,616
Other creditors 68,343 147,218
186,840 261,584

MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,500 17,500
Hire purchase contracts 33,079 74,750
40,579 92,250

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 61,010 107,896

The hire purchase contracts are secured on the assets in which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 60,000

Fair value reserve:
This reserve is used to record gains in the fair value of tangible assets and losses to the extent that such a loss relates to a previous gain on the same asset. It is also used to record the corresponding deferred tax (charge)/credit on fair value changes in tangible assets.

MARLIN MARQUEES LIMITED (REGISTERED NUMBER: 05899987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
J R Wood-Hill and S Wood-Hill
Balance outstanding at start of year 38,365 38,199
Amounts advanced - 38,365
Amounts repaid (38,365 ) (38,199 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 38,365

12. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £448 (2023 - £Nil) due to the directors.

13. ULTIMATE CONTROLLING PARTY

The parent company is WHHV Holding Limited which is a company incorporated in England. The ultimate controlling parties are Mr J Wood-Hill and Mrs S Wood-Hill.