Company registration number 10686806 (England and Wales)
MARBLE ARCH INVESTMENT GROUP LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
MARBLE ARCH INVESTMENT GROUP LIMITED
COMPANY INFORMATION
Directors
Mr S K Sheth
Mr A Sheth
Mrs B Brainch
Company number
10686806
Registered office
2nd Floor
Hygeia House
66 College Road
Harrow
Middlesex
United Kingdom
HA1 1BE
Auditor
Lawrence Grant LLP
2nd Floor
Hygeia House
66 College Road
Harrow
Middlesex
United Kingdom
HA1 1BE
MARBLE ARCH INVESTMENT GROUP LIMITED
CONTENTS
Page
Strategic report
1 - 4
Directors' report
5 - 7
Independent auditor's report
8 - 11
Profit and loss account
12
Group statement of comprehensive income
13
Group balance sheet
14
Company balance sheet
15
Group statement of changes in equity
16
Company statement of changes in equity
17
Group statement of cash flows
18
Company statement of cash flows
19
Notes to the financial statements
20 - 38
MARBLE ARCH INVESTMENT GROUP LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
- 1 -

The directors present the strategic report for the year ended 31 August 2024.

Review of the business

The results for the year under review and the financial position at the year end were considered satisfactory by the directors. The group's objective is to achieve sustainable rates of growth and returns through a combination of organic growth and acquisition of new outlets.

 

As shown in the group's profit and loss account set out on page 12, the group made a profit after tax of £61,393 (2023: £451,261).

 

The group's balance sheet on page 14 shows that its financial position remains strong with net assets valued at £508,605 (2023: £629,434).

 

The development strategy focuses on measured growth and quality enhancement across its care facilities. Operational efficiency is prioritised through investment in staff training, wellbeing, alongside capital expenditure to ensure facilities are safe, comfortable, and fit for purpose.

 

Management also actively monitors regulatory, staffing, and market conditions to manage risks and sustain long-term financial and operational performance, supporting its strategic objective of providing high-quality care.

 

The key financial performance indicators of the group are gross profit margins and turnover. The gross profit of the group for the period under review was £2,298,811(2023: £2,085,833), producing a satisfactory gross profit margin of 39% (2023: 38%) on a turnover of £5,875,271 (2023: £5,466,115).

 

The key non-financial performance indicators are adherence to a high quality of operational standards set by Management. These include care quality and regulatory compliance. These metrics ensure that high standards of care are maintained, staff remain skilled and engaged, and all operations comply with CQC requirements.

 

MARBLE ARCH INVESTMENT GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
Principal risks and uncertainties

The management of the business and the execution of the Group's strategy are subject to a number of risks. Risks are reviewed by the directors and appropriate processes are put in place to monitor and mitigate them. The key business risks affecting the Group are set out below:

 

(a) Competition

The Group operates in a competitive adult social care market, with pressures from private operators and local authority providers. To mitigate this risk, the Group focuses on maintaining high standards of care, competitive pricing, and strong resident satisfaction, alongside staff retention programs to ensure continuity of service.

 

(b) Employees

The Group’s performance relies on qualified and experienced care and nursing staff. Resignation of key personnel or difficulties in recruitment could impact service quality. Mitigating measures include ongoing training, development programs, wellbeing initiatives, and retention schemes to support key staff.

 

(c) Regulatory compliance

The Group’s operations are subject to inspection and oversight by the Care Quality Commission (CQC). Failure to meet regulatory standards could affect reputation and occupancy. The Group mitigates this risk through continuous compliance monitoring, regular internal audits by the Home Manager and Operations director, and management oversight of operational and care practices.

 

(d) Financial pressures

Rising costs, including wages and energy, could impact margins. The Group monitors operational costs closely, implements efficiency measures, and manages budgets to maintain sustainable financial performance.

 

(e) External events

Public health crises or pandemics could disrupt operations. Mitigation strategies include contingency planning, business continuity procedures, and flexible staffing arrangements.

 

Financial risk management

The main financial risks inherent in the Group's operations are:

 

(a) Credit risk

The Group has no significant concentration of credit risk. Its revenue is derived from a broad resident base with payments generally received in a timely manner.

 

(b) Interest rate risk

The Group’s interest rate exposure arises from borrowings. Management monitors debt levels, banking facilities, and cash flows to ensure adequate funding and working capital.

 

(c) Liquidity risk

Liquidity risk is managed through careful cash flow monitoring, maintaining diverse funding sources, and ensuring sufficient cash reserves to meet operational needs.

Development and performance

During the year, the Group delivered a strong operational and financial performance, building on the results achieved in the prior year. Occupancy levels remained high across all homes, contributing to increased turnover, while operational efficiencies. Capital investment in property maintenance and enhancements ensured that facilities remained safe, comfortable, and fit for purpose, supporting the delivery of high-quality care.

 

The Group also maintained strong regulatory compliance, with internal audits and monitoring supporting positive inspection outcomes.

MARBLE ARCH INVESTMENT GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
Other information and explanations

Financial Instruments

The Group’s policy is to finance its operations primarily through retained profits, inter-company borrowings, and bank facilities. Additional uncommitted borrowing and overdraft facilities are utilised to meet short-term financing requirements.

 

The financial instruments employed by the Group comprise borrowings, short-term cash deposits, and trade creditors arising directly from operations. Borrowing and deposit facilities are generally on a floating rate basis. The Group’s policy is not to engage in speculative trading of financial instruments.

 

Future Developments

The directors aim to continue with the management policies that have underpinned the Group’s steady growth in recent years. Looking forward, the outlook for 2025 is positive, with the directors confident in maintaining high standards of care, strong occupancy, and operational efficiency.

Foster business relationships with suppliers, residents, families, and others

The Group is committed to providing high-quality care and a positive living experience for residents. To achieve this, we maintain strong partnerships with suppliers of medical, catering, and care equipment to ensure that services are delivered safely and consistently. Collaborating closely with these suppliers helps the Group understand challenges within the supply chain and ensures continuity of care, operational stability, and cost control.

 

Impact of the Group's operations on the community and environment

The Group recognises its responsibility to the wider community and the environment. We work with suppliers to minimise unnecessary transportation, manage waste responsibly, and recycle clinical and general waste safely. Energy usage is monitored, and initiatives to reduce consumption and single-use plastics are being implemented. Activities and events within the homes, such as cultural festivals and community engagement programs, are designed to foster social wellbeing among residents and staff alike.

 

The desirability of maintaining a reputation for high standards of business conduct

Maintaining high ethical and professional standards is central to the Group’s operations. Policies on health and safety, equality and diversity, and regulatory compliance are rigorously applied, ensuring that residents, staff, and families can have confidence in the Group’s services.

 

The need to act fairly between members of the Group

The directors prioritise clear and transparent communication with shareholders and management. Regular meetings are held to review financial and operational performance, monitor KPIs, discuss strategy, and consider the long-term implications of key decisions. This ensures fairness, accountability, and alignment across all levels of the Group.

Section 172 statement

This statement sets out how the directors have met their responsibilities under Section 172 of the Companies Act 2006. The directors consider all relevant factors when taking decisions, with a focus on long-term growth, sustainability, and high-quality, person-centred care. The planned acquisition of a further Nursing Home illustrates the Group’s approach to strategic decision-making with long-term impacts in mind.

 

Employee interests are central to decision-making. Management engages regularly with staff through site visits, team meetings, and one-to-one discussions, while training, development, and wellbeing initiatives support retention and high service standards. Policies and procedures promote fairness, inclusivity, and consistency across the Group.

 

The directors also consider relationships with residents, families, suppliers, and regulators, ensuring compliance, ethical conduct, and positive community impact. Maintaining the Group’s reputation for quality, integrity, and responsibility underpins all operational and strategic decisions.

MARBLE ARCH INVESTMENT GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -

On behalf of the board

Mr S K Sheth
Director
28 August 2025
MARBLE ARCH INVESTMENT GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -

The directors present their annual report and financial statements for the year ended 31 August 2024.

Principal activities

The principal activity of the company and group continued to be that of a holding company and the principal activity of the group companies were that of provision of care home services.

Results and dividends

The results for the year are set out on page 12.

Ordinary dividends were paid amounting to £170,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr S K Sheth
Mr A Sheth
Mrs B Brainch
Supplier payment policy

The Group's policy is to settle terms of payment with suppliers when agreeing the terms of each transaction, ensuring that suppliers are made aware of the terms of payment, and to abide by the terms of payment.

 

Supplier payments are processed monthly through two payment cycles a month.

 

Trade creditors of the Group at the end of the period were equivalent to 60 days purchases (2023: 60 days), based on the average daily amount invoiced by suppliers during the period.

Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

 

Reasonable adjustments, accessible training and coaching, and adaptations to documents and signage are made to support employees in fulfilling their roles. At the end of the period, approximately 4% of our workforce had a documented disability, alongside staff with additional learning needs. The Group is mindful to remain inclusive and provides staff training on Autism, Learning Disability, LGBTQ+, and Equality & Diversity, supported by our established equality policies.

Employee involvement

The group's policy is to consult and discuss with employees, through daily team meetings, internal communications, newsletters, and one-to-one discussions where required.

 

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

 

There is no employee share scheme at present.

MARBLE ARCH INVESTMENT GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -

The Group is committed to employee engagement with a strong emphasis on maintaining the highest health and safety standards. Actions include comprehensive risk assessments for residents, equipment, chemicals, and work activities; safety notices and signage; and full compliance with relevant regulations, including food safety, fire safety, water/legionella, and asbestos management.

 

Staff receive annual health and safety training, alongside COSHH, food hygiene, and moving & handling training, supported by six in-house trainers. A comprehensive business continuity plan, monthly audits, technical certifications, and preventative maintenance ensure continuous compliance and safe working practices, further reinforced by policies on RIDDOR, chemical storage, COSHH data sheets, and well-equipped first aid stations.

Post reporting date events

Subsequent to the year end, the Group completed a corporate demerger, resulting in the nomination of a new ultimate parent company. This restructuring was undertaken to support the Group’s future strategic direction and does not affect the integrity of the financial statements for the reporting period.

Future developments

The Group does not anticipate significant regulatory, staffing, or market challenges and is sufficiently resourced to meet the needs of the sector.

Auditor

Lawrence Grant LLP were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Corporate governance

The Group operates under a dual governance structure comprising on-site operating management and ownership oversight, ensuring effective control and strategic direction across all businesses. The ownership team conducts monthly reviews of financial performance and key performance indicators to monitor operational and financial outcomes. In prior years, the Group has also engaged independent third-party experts in a non-executive capacity to provide additional oversight and governance assurance.

Energy and carbon report

As the group has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

MARBLE ARCH INVESTMENT GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 7 -
Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
Mr S K Sheth
Mr A Sheth
Director
Director
Mrs B Brainch
Director
28 August 2025
MARBLE ARCH INVESTMENT GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF MARBLE ARCH INVESTMENT GROUP LIMITED
- 8 -
Opinion

We have audited the financial statements of Marble Arch Investment Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2024 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

MARBLE ARCH INVESTMENT GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MARBLE ARCH INVESTMENT GROUP LIMITED
- 9 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

MARBLE ARCH INVESTMENT GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MARBLE ARCH INVESTMENT GROUP LIMITED
- 10 -

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

 

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:

 

 

 

 

We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:

 

 

The areas that we identified as being susceptible to misstatement through fraud were:

 

 

We did not identify any matters relating to non-compliance with laws and regulation or relating to fraud.

 

 

 

MARBLE ARCH INVESTMENT GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MARBLE ARCH INVESTMENT GROUP LIMITED
- 11 -

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters which we are required to address

The prior year financial statements for the year ended 31 August 2023 were not audited. As such, the comparative figures presented are unaudited.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

V R Thayalan (Senior Statutory Auditor)
For and on behalf of Lawrence Grant LLP, Statutory Auditor
Chartered Accountants
2nd Floor
Hygeia House
66 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom
29 August 2025
MARBLE ARCH INVESTMENT GROUP LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
- 12 -
2024
2023
Notes
£
£
Turnover
3
5,875,271
5,466,115
Cost of sales
(3,576,460)
(3,380,282)
Gross profit
2,298,811
2,085,833
Administrative expenses
(1,892,564)
(1,298,847)
Other operating income
20,931
27,851
Operating profit
4
427,178
814,837
Interest receivable and similar income
7
164
46
Interest payable and similar expenses
8
(294,566)
(222,983)
Profit before taxation
132,776
591,900
Tax on profit
9
(71,383)
(140,639)
Profit for the financial year
26
61,393
451,261
Profit for the financial year is all attributable to the owners of the parent company.
MARBLE ARCH INVESTMENT GROUP LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2024
- 13 -
2024
2023
£
£
Profit for the year
61,393
451,261
Other comprehensive income
-
-
Cash flow hedges gain arising in the year
-
0
-
0
Total comprehensive income for the year
61,393
451,261
Total comprehensive income for the year is all attributable to the owners of the parent company.
MARBLE ARCH INVESTMENT GROUP LIMITED
GROUP BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 14 -
2024
2023
Notes
£
£
£
£
Fixed assets
Goodwill
11
208,167
258,583
Total intangible assets
208,167
258,583
Tangible assets
12
3,631,486
3,754,404
3,839,653
4,012,987
Current assets
Stocks
16
10,433
9,441
Debtors
17
599,175
593,748
Cash at bank and in hand
418,290
511,336
1,027,898
1,114,525
Creditors: amounts falling due within one year
18
(1,036,186)
(946,470)
Net current (liabilities)/assets
(8,288)
168,055
Total assets less current liabilities
3,831,365
4,181,042
Creditors: amounts falling due after more than one year
19
(3,196,532)
(3,405,990)
Provisions for liabilities
Deferred tax liability
22
126,228
145,618
(126,228)
(145,618)
Net assets
508,605
629,434
Capital and reserves
Called up share capital
24
1,100
1,100
Other reserves
9,683
21,905
Profit and loss reserves
26
497,822
606,429
Total equity
508,605
629,434
The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
28 August 2025
Mr S K Sheth
Director
Company registration number 10686806 (England and Wales)
MARBLE ARCH INVESTMENT GROUP LIMITED
COMPANY BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 15 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
13
1,841,697
1,841,697
1,841,697
1,841,697
Current assets
Debtors
17
500
440,500
Cash at bank and in hand
10,425
84,208
10,925
524,708
Creditors: amounts falling due within one year
18
(132,653)
(179,398)
Net current (liabilities)/assets
(121,728)
345,310
Total assets less current liabilities
1,719,969
2,187,007
Creditors: amounts falling due after more than one year
19
(1,600,802)
(2,008,209)
Net assets
119,167
178,798
Capital and reserves
Called up share capital
24
1,100
1,100
Other reserves
128,064
160,657
Profit and loss reserves
26
(9,997)
17,041
Total equity
119,167
178,798

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £142,963 (2023 - £432,694 profit).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
28 August 2025
Mr S K Sheth
Director
Company registration number 10686806 (England and Wales)
MARBLE ARCH INVESTMENT GROUP LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024
- 16 -
Share capital
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 September 2022
1,100
-
595,168
596,268
Year ended 31 August 2023:
Profit and total comprehensive income
-
-
451,261
451,261
Dividends
10
-
-
(440,000)
(440,000)
Transfers
-
21,905
-
21,905
Balance at 31 August 2023
1,100
21,905
606,429
629,434
Year ended 31 August 2024:
Profit and total comprehensive income
-
-
61,393
61,393
Dividends
10
-
-
(170,000)
(170,000)
Transfers
-
(12,222)
-
(12,222)
Balance at 31 August 2024
1,100
9,683
497,822
508,605
MARBLE ARCH INVESTMENT GROUP LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024
- 17 -
Share capital
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 September 2022
1,100
-
24,347
25,447
Year ended 31 August 2023:
Profit and total comprehensive income for the year
-
-
432,694
432,694
Dividends
10
-
-
(440,000)
(440,000)
Transfers
-
160,657
-
160,657
Balance at 31 August 2023
1,100
160,657
17,041
178,798
Year ended 31 August 2024:
Profit and total comprehensive income
-
-
142,962
142,962
Dividends
10
-
-
(170,000)
(170,000)
Other movements
-
(32,593)
-
(32,593)
Balance at 31 August 2024
1,100
128,064
(9,997)
119,167
MARBLE ARCH INVESTMENT GROUP LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
- 18 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
818,931
734,647
Interest paid
(294,566)
(222,983)
Income taxes paid
(173,532)
(59,630)
Net cash inflow from operating activities
350,833
452,034
Investing activities
Purchase of tangible fixed assets
(58,705)
(233,716)
Interest received
164
46
Net cash used in investing activities
(58,541)
(233,670)
Financing activities
Proceeds from issue of shares
-
500
Repayment of borrowings
(165,000)
(340,031)
Repayment of bank loans
(44,152)
684,110
Payment of finance leases obligations
(6,186)
36,262
Dividends paid to equity shareholders
(170,000)
(440,000)
Net cash used in financing activities
(385,338)
(59,159)
Net (decrease)/increase in cash and cash equivalents
(93,046)
159,205
Cash and cash equivalents at beginning of year
511,336
352,131
Cash and cash equivalents at end of year
418,290
511,336
MARBLE ARCH INVESTMENT GROUP LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
- 19 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
30
(73,874)
66,933
Investing activities
Interest received
91
46
Dividends received
170,000
440,000
Net cash generated from investing activities
170,091
440,046
Financing activities
Proceeds from issue of shares
-
500
Dividends paid to equity shareholders
(170,000)
(440,000)
Net cash used in financing activities
(170,000)
(439,500)
Net (decrease)/increase in cash and cash equivalents
(73,783)
67,479
Cash and cash equivalents at beginning of year
84,208
16,729
Cash and cash equivalents at end of year
10,425
84,208
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 20 -
1
Accounting policies
Company information

Marble Arch Investment Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 2nd Floor, Hygeia House, 66 College Road, Harrow, Middlesex, United Kingdom, HA1 1BE.

 

The group consists of Marble Arch Investment Group Limited and all of its subsidiaries.

1.1
Accounting convention

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.

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 to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes.

1.2
Business combinations

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

 

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Marble Arch Investment Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in associates.

 

All financial statements are made up to 31 August 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 21 -

Entities other than subsidiary undertakings, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in associates include acquired goodwill.

 

If the group’s share of losses in a associate equals or exceeds its investment in the associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the associate.

 

Unrealised gains arising from transactions with associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for nursing care services provided in the normal course of business, and is shown inclusive of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Revenue is recognised on a monthly basis at the beginning of the month for residents of the care home.

1.6
Intangible fixed assets - goodwill

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination.

 

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Goodwill represents the difference between the fair value of the purchase consideration and the fair value of the separable net assets acquired. Goodwill on the acquisition of a business is capitalised and amortised over its useful economic life.

 

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to the residual values of their estimated useful lives for acquired goodwill.

 

Intangible assets are assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. Reversals of impairment are recognised when the reasons for the impairment no longer apply.

1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 22 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost excluding land
Improvements to property
10% on cost
Plant and equipment
15% on reducing balance, 10% on cost and 33.33%  on cost
Fixtures and fittings
10% on cost, 30% on reducing balance and 15% on reducing balance
Computers
20% on cost and 25% on cost
Motor vehicles
20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.8
Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

 

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

 

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the group’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

 

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

 

In the parent company financial statements, investments in associates are accounted for at cost less impairment.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible 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.

 

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 23 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The group 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.

 

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 24 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 25 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.13
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.14
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 group’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 tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.15
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.16
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 26 -
1.17
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.18

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.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2024
2023
£
£
Turnover analysed by class of business
Government funded
5,376,790
4,681,810
Privatley funded
498,481
784,305
5,875,271
5,466,115
2024
2023
£
£
Turnover analysed by geographical market
United Kingdom
5,875,271
5,466,115
2024
2023
£
£
Other revenue
Interest income
164
46
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 27 -
4
Operating profit
2024
2023
£
£
Operating profit for the year is stated after charging:
Depreciation of owned tangible fixed assets
181,623
169,880
Amortisation of intangible assets
50,416
50,416
5
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
18,000
-
Audit of the financial statements of the company's subsidiaries
36,000
-
54,000
-
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
127
120
3
3

Their aggregate remuneration comprised:

Group
Company
2024
2023
2024
2023
£
£
£
£
Wages and salaries
3,611,858
3,161,431
-
0
-
0
Social security costs
286,496
230,719
-
-
Pension costs
62,539
65,912
-
0
-
0
3,960,893
3,458,062
-
0
-
0
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 28 -
7
Interest receivable and similar income
2024
2023
£
£
Interest income
Interest on bank deposits
91
46
Other interest income
73
-
Total income
164
46
2024
2023
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
91
46
8
Interest payable and similar expenses
2024
2023
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
289,366
221,433
Other interest on financial liabilities
2,066
861
291,432
222,294
Other finance costs:
Other interest
3,134
689
Total finance costs
294,566
222,983
9
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
90,773
95,516
Deferred tax
Origination and reversal of timing differences
(19,390)
45,123
Total tax charge
71,383
140,639
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
9
Taxation
(Continued)
- 29 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
132,776
591,900
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 25.00%)
33,194
147,975
Tax effect of expenses that are not deductible in determining taxable profit
26,406
12,720
Tax effect of utilisation of tax losses not previously recognised
-
0
(53,499)
Effect of change in corporation tax rate
-
(15,473)
Depreciation on assets not qualifying for tax allowances
45,406
42,470
Capital allowances
(13,950)
(40,766)
Pension
(283)
2,090
Deferred tax
(19,390)
45,122
Taxation charge
71,383
140,639
10
Dividends
2024
2023
Recognised as distributions to equity holders:
£
£
Final paid
170,000
440,000
11
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
504,163
Amortisation and impairment
At 1 September 2023
245,580
Amortisation charged for the year
50,416
At 31 August 2024
295,996
Carrying amount
At 31 August 2024
208,167
At 31 August 2023
258,583
The company had no intangible fixed assets at 31 August 2024 or 31 August 2023.
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
11
Intangible fixed assets
(Continued)
- 30 -
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 31 -
12
Tangible fixed assets
Group
Freehold land and buildings
Improvements to property
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 September 2023
3,274,548
466,269
584,252
491,883
32,127
45,830
4,894,909
Additions
-
0
9,833
6,772
40,251
1,849
-
0
58,705
At 31 August 2024
3,274,548
476,102
591,024
532,134
33,976
45,830
4,953,614
Depreciation and impairment
At 1 September 2023
301,664
256,650
243,873
314,491
20,008
3,819
1,140,505
Depreciation charged in the year
48,265
26,630
52,261
41,324
4,741
8,402
181,623
At 31 August 2024
349,929
283,280
296,134
355,815
24,749
12,221
1,322,128
Carrying amount
At 31 August 2024
2,924,619
192,822
294,890
176,319
9,227
33,609
3,631,486
At 31 August 2023
2,972,884
209,619
340,379
177,392
12,119
42,011
3,754,404
The company had no tangible fixed assets at 31 August 2024 or 31 August 2023.
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 32 -
13
Fixed asset investments
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
1,841,697
1,841,697
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 September 2023 and 31 August 2024
1,841,697
Carrying amount
At 31 August 2024
1,841,697
At 31 August 2023
1,841,697
14
Subsidiaries

Details of the company's subsidiaries at 31 August 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Pentwyn Care Limited
England and Wales
Ordinary
100.00
Caerleon House Care Limited
England and Wales
Ordinary
100.00
15
Financial instruments

Other than fixed asset investments and current asset investments, all financial assets and liabilities are measured at amortised cost.

16
Stocks
Group
Company
2024
2023
2024
2023
£
£
£
£
Raw materials and consumables
10,433
9,441
-
-
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 33 -
17
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
44,609
67,138
-
0
-
0
Other debtors
429,856
443,037
500
440,500
Prepayments and accrued income
124,710
83,573
-
0
-
0
599,175
593,748
500
440,500
18
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans
20
53,353
47,011
-
0
-
0
Obligations under finance leases
21
6,186
6,186
-
0
-
0
Trade creditors
136,851
182,623
3,000
-
0
Amounts owed to group undertakings
-
0
-
0
2,018
14
Corporation tax payable
54,526
137,285
-
0
-
0
Other taxation and social security
122,104
52,393
-
-
Other creditors
135,064
197,022
104,081
172,750
Accruals and deferred income
528,102
323,950
23,554
6,634
1,036,186
946,470
132,653
179,398
19
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans and overdrafts
20
3,051,605
3,102,099
-
0
-
0
Obligations under finance leases
21
23,890
30,076
-
0
-
0
Other borrowings
20
121,037
273,815
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
1,600,802
2,008,209
3,196,532
3,405,990
1,600,802
2,008,209
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 34 -
20
Loans and overdrafts
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans
3,104,958
3,149,110
-
0
-
0
Other loans
121,037
273,815
-
0
-
0
3,225,995
3,422,925
-
-
Payable within one year
53,353
47,011
-
0
-
0
Payable after one year
3,172,642
3,375,914
-
0
-
0

The bank loans and overdraft are secured by a fixed charge over the freehold properties and by a debenture over the assets of the subsidiary companies. The loans are subject to commercial rates of interest. The repayment terms of the bank loans range from monthly and quarterly payments of interest and/or capital and interest.

21
Finance lease obligations
Group
Company
2024
2023
2024
2023
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
6,186
6,186
-
0
-
0
In two to five years
23,890
30,076
-
0
-
0
30,076
36,262
-
-

Finance lease payments represent rentals payable by the group for certain items of plant and machinery.

22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2024
2023
Group
£
£
Accelerated capital allowances
145,618
145,618
Movements in period
(19,390)
-
126,228
145,618
The company has no deferred tax assets or liabilities.
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
22
Deferred taxation
(Continued)
- 35 -
Group
Company
2024
2024
Movements in the year:
£
£
Liability at 1 September 2023
145,618
-
Credit to profit or loss
(19,390)
-
Liability at 31 August 2024
126,228
-
23
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
62,539
65,912

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

24
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
600
600
600
600
Ordinary B shares of 10p each
5,000
5,000
500
500
5,600
5,600
1,100
1,100
25
Other reserves
2024
2023
Group
£
£
At the beginning of the year
21,905
-
Additions
(12,222)
21,905
At the end of the year
9,683
21,905
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
25
Other reserves
(Continued)
- 36 -
2024
2023
Company
£
£
At the beginning of the year
160,657
-
Additions
-
160,657
Other movements
(32,593)
-
At the end of the year
128,064
160,657
26
Profit and loss reserves
Group
Company
2024
2023
2024
2023
£
£
£
£
At the beginning of the year
606,429
595,168
17,041
24,347
Profit for the year
61,393
451,261
142,962
432,694
Dividends
(170,000)
(440,000)
(170,000)
(440,000)
At the end of the year
497,822
606,429
(9,997)
17,041
27
Operating lease commitments

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2024
2023
2024
2023
£
£
£
£
Within one year
18,487
23,020
-
-
Between two and five years
11,348
19,123
-
-
29,835
42,143
-
-
28
Related party transactions

The company has taken advantage of the exemption available in FRS 102 (s33 "Related Party Disclosure"), whereby it has not disclosed transactions with any wholly owned subsidiary undertaking of the group.

MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 37 -
29
Cash generated from group operations
2024
2023
£
£
Profit after taxation
61,393
451,261
Adjustments for:
Taxation charged
71,383
140,639
Finance costs
294,566
222,983
Investment income
(164)
(46)
Amortisation and impairment of intangible assets
50,416
50,416
Depreciation and impairment of tangible fixed assets
181,623
169,880
Movements in working capital:
Increase in stocks
(992)
(4,997)
Increase in debtors
(5,427)
(417,857)
Increase in creditors
166,133
122,368
Cash generated from operations
818,931
734,647
30
Cash (absorbed by)/generated from operations - company
2024
2023
£
£
Profit after taxation
142,962
432,694
Adjustments for:
Investment income
(170,091)
(440,046)
Movements in working capital:
Decrease/(increase) in debtors
440,000
(440,500)
(Decrease)/increase in creditors
(486,745)
514,785
Cash (absorbed by)/generated from operations
(73,874)
66,933
31
Analysis of changes in net debt - group
1 September 2023
Cash flows
31 August 2024
£
£
£
Cash at bank and in hand
511,336
(93,046)
418,290
Borrowings excluding overdrafts
(3,422,925)
196,930
(3,225,995)
Obligations under finance leases
(36,262)
6,186
(30,076)
(2,947,851)
110,070
(2,837,781)
MARBLE ARCH INVESTMENT GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 38 -
32
Analysis of changes in net funds - company
1 September 2023
Cash flows
31 August 2024
£
£
£
Cash at bank and in hand
84,208
(73,783)
10,425
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