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Registration number: 08307034

Marlins Land and Development Ltd
Annual Report and Unaudited Financial Statements- Companies house filing
for the Year Ended 31 January 2025

Marlins Land and Development Ltd

(Registration number: 08307034)
Statement of Financial Position as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,400,000 | 1,400,000
Investments | 5 | 8 | 8
|  | 1,400,008 | 1,400,008
Current assets |  |  |
Debtors | 7 | 612,750 | 265,000
Other financial assets | 6 | 476,998 | -
Cash at bank and in hand |  | 320,089 | 390,410
|  | 1,409,837 | 655,410
Creditors: Amounts falling due within one year | 8 | (938,963) | (423,568)
Net current assets |  | 470,874 | 231,842
Total assets less current liabilities |  | 1,870,882 | 1,631,850
Creditors: Amounts falling due after more than one year | 8 | (1,150,000) | (1,000,000)
Provisions for liabilities |  | (74,532) | (65,521)
Net assets |  | 646,350 | 566,329
Capital and reserves |  |  |
Called up share capital |  | 10 | 10
Fair value reserve |  | 223,535 | 203,655
Profit and loss account |  | 422,805 | 362,664
Shareholders' funds |  | 646,350 | 566,329

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income and expenditure Statement.

Marlins Land and Development Ltd

(Registration number: 08307034)
Statement of Financial Position as at 31 January 2025

Approved and authorised by the director on 10 October 2025

......................................... Mr M L Davidson Director

Marlins Land and Development Ltd

Statement of Changes in Equity for the Year Ended 31 January 2025

| Share capital £ | Fair value reserve £ | Profit and loss account £ | Total £
At 1 February 2024 | 10 | 203,655 | 362,664 | 566,329
Profit for the year | - | - | 80,021 | 80,021
Transfers | - | 19,880 | (19,880) | -
At 31 January 2025 | 10 | 223,535 | 422,805 | 646,350

| Share capital £ | Fair value reserve £ | Profit and loss account £ | Total £
At 1 December 2022 | 10 | 219,380 | 296,503 | 515,893
Profit for the year | - | - | 50,436 | 50,436
Transfers | - | (15,725) | 15,725 | -
At 31 January 2024 | 10 | 203,655 | 362,664 | 566,329

Marlins Land and Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 2 Hope Fountain, Camberley, Surrey, GU15 1JF. England.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.

Revenue recognition

Turnover comprises the fair value of the rent received or receivable for the lease of rental properties in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
Rental income is recognised on a straight line basis over the lease term.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Marlins Land and Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income and expenditure statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Marlins Land and Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Investment properties

| 2025 £
At 1 February 2024 | 1,400,000
At 31 January 2025 | 1,400,000

The investment property was valued on an open market basis on 31 January 2024 by the director.

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 8 | 8

Subsidiaries | £
Cost or valuation
At 1 February 2024 | 8
Carrying amount
At 31 January 2025 | 8
At 31 January 2024 | 8

Marlins Land and Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Current financial assets
Cost or valuation
Additions | 463,635 | 463,635
Disposals | (15,528) | (15,528)
Fair value adjustments | 28,891 | 28,891
At 31 January 2025 | 476,998 | 476,998
Carrying amount
At 31 January 2025 | 476,998 | 476,998

Marlins Land and Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 10 | 251,250 | 265,000
Other debtors |  | 361,500 | -
|  | 612,750 | 265,000
Less non-current portion |  | (233,250) | (247,000)
|  | 379,500 | 18,000

Debtors include amounts of £161,250 (2024 - £175,000) due after more than five years.

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Taxation and social security | 17,339 | 21,792
Accruals and deferred income | 7,255 | 4,488
Other creditors | 914,369 | 397,288
| 938,963 | 423,568

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 9 | 1,150,000 | 1,000,000

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 1,150,000 | 1,000,000

10 | Related party transactions

During the year the company received a £150,000 loan from MDHair Limited, a company owned by the director. The loan was interest free and whilst technically repayable on demand it has been invested by the company and not anticipated to be repaid for some time.