IRIS Accounts Production v25.1.4.42 00555596 Board of Directors 1.1.24 31.12.24 31.12.24 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005555962023-12-31005555962024-12-31005555962024-01-012024-12-31005555962022-12-31005555962023-01-012023-12-31005555962023-12-3100555596ns15:EnglandWales2024-01-012024-12-3100555596ns14:PoundSterling2024-01-012024-12-3100555596ns10:Director12024-01-012024-12-3100555596ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100555596ns10:SmallEntities2024-01-012024-12-3100555596ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100555596ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100555596ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100555596ns10:FullAccounts2024-01-012024-12-3100555596ns10:Director22024-01-012024-12-3100555596ns10:CompanySecretary12024-01-012024-12-3100555596ns10:RegisteredOffice2024-01-012024-12-3100555596ns5:CurrentFinancialInstruments2024-12-3100555596ns5:CurrentFinancialInstruments2023-12-3100555596ns5:ShareCapital2024-12-3100555596ns5:ShareCapital2023-12-3100555596ns5:RetainedEarningsAccumulatedLosses2024-12-3100555596ns5:RetainedEarningsAccumulatedLosses2023-12-3100555596ns5:FurnitureFittings2024-01-012024-12-3100555596ns5:MotorVehicles2024-01-012024-12-3100555596ns5:FurnitureFittings2023-12-3100555596ns5:MotorVehicles2023-12-3100555596ns5:FurnitureFittings2024-12-3100555596ns5:MotorVehicles2024-12-3100555596ns5:FurnitureFittings2023-12-3100555596ns5:MotorVehicles2023-12-3100555596ns5:CostValuation2023-12-3100555596ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100555596ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 00555596 (England and Wales)









Financial Statements

for the Year Ended 31 December 2024

for

Marwin Securities Limited

Marwin Securities Limited (Registered number: 00555596)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Marwin Securities Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M S Winkler
M J Winkler





SECRETARY: M S Winkler





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 00555596 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Marwin Securities Limited (Registered number: 00555596)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 29,330 37,002
Investments 5 1,000 1,000
Investment property 6 18,335,267 18,375,498
18,365,597 18,413,500

CURRENT ASSETS
Debtors 7 190,442 144,046
Cash at bank 4,105,605 4,153,000
4,296,047 4,297,046
CREDITORS
Amounts falling due within one year 8 (2,056,831 ) (2,350,946 )
NET CURRENT ASSETS 2,239,216 1,946,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,604,813

20,359,600

PROVISIONS FOR LIABILITIES (2,368,386 ) (2,371,748 )
NET ASSETS 18,236,427 17,987,852

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 9 18,234,427 17,985,852
SHAREHOLDERS' FUNDS 18,236,427 17,987,852

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:




M S Winkler - Director


Marwin Securities Limited (Registered number: 00555596)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Marwin Securities 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Marwin Securities Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rent and property management fees receivable net of VAT. Rental income is recognised on an accruals basis. Property management fees are recognised when the company is contractually entitled to it.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.33% on cost
Motor vehicles - 20% on cost

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

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

Marwin Securities Limited (Registered number: 00555596)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 8,795 42,843 51,638
Additions 1,363 - 1,363
At 31 December 2024 10,158 42,843 53,001
DEPRECIATION
At 1 January 2024 8,210 6,426 14,636
Charge for year 466 8,569 9,035
At 31 December 2024 8,676 14,995 23,671
NET BOOK VALUE
At 31 December 2024 1,482 27,848 29,330
At 31 December 2023 585 36,417 37,002

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,000
NET BOOK VALUE
At 31 December 2024 1,000
At 31 December 2023 1,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 18,375,498
Revaluations (40,231 )
At 31 December 2024 18,335,267
NET BOOK VALUE
At 31 December 2024 18,335,267
At 31 December 2023 18,375,498

Marwin Securities Limited (Registered number: 00555596)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2015 10,811,210
Valuation in 2016 1,116,850
Valuation in 2017 1,339,749
Valuation in 2018 1,462,394
Valuation in 2019 (590,214 )
Valuation in 2020 17,325
Valuation in 2021 (1,122,527 )
Valuation in 2022 346,337
Valuation in 2023 (68,743 )
Valuation in 2024 (40,231 )
Cost 5,063,117
18,335,267

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,256 112,733
Other debtors 9,594 7,224
Prepayments and accrued income 15,592 24,089
190,442 144,046

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 10,000
Trade creditors 297,843 285,270
Amounts owed to group undertakings 882,774 1,134,774
Tax 179,352 183,300
Social security and other taxes 1,492 -
VAT 10,148 45,280
Other creditors 670,512 662,201
Accruals and deferred income 14,710 30,121
2,056,831 2,350,946

9. RESERVES

Included within retained earnings are non-distributable reserves amounting to £13,792,828 (2023: £13,833.059).

10. RELATED PARTY DISCLOSURES

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.