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REGISTERED NUMBER: 00890336 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

MARKLEW HOLDINGS LTD

MARKLEW HOLDINGS LTD (REGISTERED NUMBER: 00890336)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MARKLEW HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: Mrs S E Taylor
Mrs P Defaye Catton
Mrs J Sheppard
Mrs A Hayton



REGISTERED OFFICE: 457 Lichfield Road
Aston
BIRMINGHAM
B6 7SS



REGISTERED NUMBER: 00890336 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: HSBC Bank PLC
PO Box 33
9 Queen Square
Wolverhampton
West Midlands
WV1 1TE



INCORPORATED: 25th October 1966

MARKLEW HOLDINGS LTD (REGISTERED NUMBER: 00890336)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,394 31,616
Investments 5 22,450 22,450
Investment property 6 655,000 655,000
704,844 709,066

CURRENT ASSETS
Debtors 47,247 40,877
Cash at bank 51,242 43,170
98,489 84,047
CREDITORS
Amounts falling due within one year 21,576 26,618
NET CURRENT ASSETS 76,913 57,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

781,757

766,495

PROVISIONS FOR LIABILITIES 8 17,310 18,429
NET ASSETS 764,447 748,066

CAPITAL AND RESERVES
Called up share capital 9 17,613 17,613
Share premium 69,208 69,208
Undistributable profit and
loss account 527,028 527,028
Retained earnings 150,598 134,217
SHAREHOLDERS' FUNDS 764,447 748,066

MARKLEW HOLDINGS LTD (REGISTERED NUMBER: 00890336)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2024


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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8th April 2025 and were signed on its behalf by:




Mrs J Sheppard - Director



Mrs A Hayton - Director


MARKLEW HOLDINGS LTD (REGISTERED NUMBER: 00890336)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

Marklew Holdings Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from other third parties and loans to related parties.


MARKLEW HOLDINGS LTD (REGISTERED NUMBER: 00890336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 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.

Leasing commitments
Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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

3. EMPLOYEES AND DIRECTORS

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

MARKLEW HOLDINGS LTD (REGISTERED NUMBER: 00890336)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2023 398,635
Additions 4,636
At 31st October 2024 403,271
DEPRECIATION
At 1st November 2023 367,019
Charge for year 8,858
At 31st October 2024 375,877
NET BOOK VALUE
At 31st October 2024 27,394
At 31st October 2023 31,616

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st November 2023
and 31st October 2024 22,450
NET BOOK VALUE
At 31st October 2024 22,450
At 31st October 2023 22,450

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Edmar Engineering Limited
Registered office:
Nature of business: Toolmaking and precision machining
%
Class of shares: holding
Ordinary 'A' shares 100.00

MARKLEW HOLDINGS LTD (REGISTERED NUMBER: 00890336)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023
and 31st October 2024 655,000
NET BOOK VALUE
At 31st October 2024 655,000
At 31st October 2023 655,000

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2006 189,878
Valuation in 2011 95,000
Valuation in 2013 27,150
Valuation in 2015 20,050
Valuation in 2020 10,000
Valuation in 2021 170,000
Valuation in 2022 25,000
Cost 117,922
655,000

In the directors' opinion the current carrying value of investment properties is reflective of the current market values.

7. LEASING AGREEMENTS
The amount of income received during the year in relation to operating leases was £39,917 (2023 - £55,800).

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,310 18,429

MARKLEW HOLDINGS LTD (REGISTERED NUMBER: 00890336)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st November 2023 18,429
Movement during the year (1,119 )
Balance at 31st October 2024 17,310

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,974 Ordinary A £1 5,974 5,974
4,450 Ordinary B £1 4,450 4,450
765 Ordinary C £1 765 765
5,974 Ordinary D £1 5,974 5,974
450 Ordinary E £1 450 450
17,613 17,613