1 January 2024 v2025.41.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPNI6223852024-01-012024-12-31NI6223852024-12-31NI6223852023-12-31NI622385core:WithinOneYear2024-12-31NI622385core:WithinOneYear2023-12-31NI622385core:ShareCapital2024-12-31NI622385core:ShareCapital2023-12-31NI622385core:RetainedEarningsAccumulatedLosses2024-12-31NI622385core:RetainedEarningsAccumulatedLosses2023-12-31NI622385bus:Director12024-01-012024-12-31NI622385bus:Director22024-01-012024-12-31NI622385bus:RegisteredOffice2024-01-012024-12-31NI6223852023-01-012023-12-31NI622385core:CostValuation2024-01-01NI622385core:CostValuation2024-12-31NI62238512024-01-012024-12-31NI622385countries:NorthernIreland2024-01-012024-12-31NI622385bus:AuditExempt-NoAccountantsReport2024-01-012024-12-31NI622385bus:PrivateLimitedCompanyLtd2024-01-012024-12-31NI622385bus:SmallEntities2024-01-012024-12-31NI622385bus:FullAccounts2024-01-012024-12-31
Company registration number:
NI622385
Marmont 49 Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Marmont 49 Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Marmont 49 Ltd
Year ended
31 December 2024
As described on the statement of financial position, the Board of Directors of
Marmont 49 Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 December 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Marmont 49 Ltd
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Investments 5
400
 
400
 
Current assets    
Debtors 6
11,170,566
 
7,179,835
 
Cash at bank and in hand
3,047,658
 
3,901,721
 
14,218,224
 
11,081,556
 
Creditors: amounts falling due within one year 7
(35,759
 )
(4,280
 )
Net current assets
14,182,465
 
11,077,276
 
Total assets less current liabilities 14,182,865   11,077,676  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
14,182,765
 
11,077,576
 
Shareholders funds
14,182,865
 
11,077,676
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 June 2025
, and are signed on behalf of the board by:
Andrew Agnew
Philip Agnew
DirectorDirector
Company registration number:
NI622385
Marmont 49 Ltd
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is
Upper Floors
,
336 Lisburn Rd
,
Belfast
,
BT9 6GH
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 January 2024
400
 
At
31 December 2024
400
 
Impairment  
At
1 January 2024
and
31 December 2024
 -  
Carrying amount  
At
31 December 2024
400
 
At 31 December 2023
400
 
Shares in group undertakings and participating interests comprise 100% shareholdings in the ordinary share capital of Blaris Developments Ltd (NI618889) and Magheralave Developments Ltd (NI622387), in Ballymenoch Developments Ltd (NI662230) and in Agnew Ten Ltd (NI670673).

6 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
7,025,000
 
5,500,000
 
Other debtors
4,145,566
 
1,679,835
 
11,170,566
 
7,179,835
 
Amounts owed by group undertakings are unsecured, interest free, and repayable on demand.

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
35,059
 
3,580
 
Other creditors
700
 
700
 
35,759
 
4,280
 
Amounts owed to related parties are unsecured, interest free, and repayable on demand.

8 Controlling party

There is not considered to be an ultimate controlling party due to the equal shareholding in the company.