MARCHIN LIMITED - Filleted accounts

Registered number

07072653

MARCHIN LIMITED

Accounts

24 December 2024

MARCHIN LIMITED
Registered number:		07072653
Balance Sheet
as at 24 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		5,114			6,819

Current assets
Investments held as current assets	4	4,717,359			4,577,518
Cash at bank and in hand		675			83,054
		4,718,034			4,660,572

Creditors: amounts falling due within one year	5	(401,576)			(471,671)

Net current assets			4,316,458			4,188,901

Net assets			4,321,572			4,195,720

Capital and reserves
Called up share capital			500			500
Profit and loss account			4,321,072			4,195,220

Shareholders' funds			4,321,572			4,195,720

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




MRS ANITA PATEL
Director
Approved by the board on 23 September 2025

MARCHIN LIMITED
Notes to the Accounts
for the year ended 24 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes profits earned from the sale of stocks and revenues receiveable from the rendering of services. Turnover from the sale of stocks is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% Reducing balance

	Investments
	Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account.


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.



2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 25 December 2023				32,751
	At 24 December 2024				32,751

	Depreciation
	At 25 December 2023				25,932
	Charge for the year				1,705
	At 24 December 2024				27,637

	Net book value
	At 24 December 2024				5,114
	At 24 December 2023				6,819


4	Investments held as current assets		2024		2023
£				£
	Fair value
	Listed investments		4,717,359		4,577,518



5	Creditors: amounts falling due within one year		2024		2023
£				£

	Taxation and social security costs		-		(23,114)
	Other creditors		401,576		494,785
			401,576		471,671


6	Controlling party

	The company is controlled by the director, Mrs Anita Patel, who together with her spouse holds 60% of the ordinary issued share capital. The other 40% ordinary issued shares are held by their children.


7	Other information

	MARCHIN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	264, Stoney Stanton Road
	Coventry
	CV1 4FP