Marmont Investment Company Limited Company accounts

COMPANY REGISTRATION NUMBER: NI005245

Marmont Investment Company Limited

Unaudited Financial Statements

31 January 2025

Marmont Investment Company Limited

Financial Statements

Year ended 31 January 2025

Contents	Pages

Officers and professional advisers	1

Director's report	2

Statement of income and retained earnings	3

Statement of financial position	4 to 5

Notes to the financial statements	6 to 8

Marmont Investment Company Limited

Officers and Professional Advisers

Director Mr G Weir BSc FCA

Company secretary	Mr G Weir BSc FCA

Registered office	La Mon Hotel and Country Club
	41 Gransha Road
	Comber
	Newtownards
	BT23 5RF

Accountants	Muir & Addy Chartered Accountants
	Chartered accountants
	427 Holywood Road
	Belfast
	BT4 2LT

Bankers	Bank of Ireland
	1 Donegall Square South
	Beldast
	BT1 5LR

Solicitors	Agnew Andress Higgins
	92 High Street
	Belfast
	BT1 2BG

Marmont Investment Company Limited

Director's Report

Year ended 31 January 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 January 2025 .

Director

The director who served the company during the year was as follows:

Mr G Weir BSc FCA

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 23 October 2025 and signed on behalf of the board by:

Mr G Weir BSc FCA

Company Secretary

Registered office:

La Mon Hotel and Country Club

41 Gransha Road

Comber

Newtownards

BT23 5RF

Marmont Investment Company Limited

Statement of Income and Retained Earnings

Year ended 31 January 2025

	2025	2024
Note	£	£

Administrative expenses	26	1,025
	----	-------
Operating loss	( 26)	( 1,025)

Other interest receivable and similar income		2,495	933
Amounts written off investments		365,131	–
Interest payable and similar expenses		–	200
		---------	-------
Loss before taxation	4	( 362,662)	( 292)

Tax on loss	–	–
	---------	----
Loss for the financial year and total comprehensive income	( 362,662)	( 292)
	---------	----

Retained earnings at the start of the year	3,637,704	3,637,996
	------------	------------
Retained earnings at the end of the year	3,275,042	3,637,704
	------------	------------

All the activities of the company are from continuing operations.

Marmont Investment Company Limited

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	5		–	365,131

Current assets

Debtors	6	3,374,302	3,108,002
Cash at bank and in hand		147,948	411,779
		------------	------------
		3,522,250	3,519,781

Creditors: amounts falling due within one year	7	95,708		95,708
		------------		------------
Net current assets			3,426,542	3,424,073
			------------	------------
Total assets less current liabilities			3,426,542	3,789,204

Creditors: amounts falling due after more than one year	8	150,000	150,000
		------------	------------
Net assets		3,276,542	3,639,204
		------------	------------

Capital and reserves

Called up share capital	1,500	1,500
Profit and loss account	3,275,042	3,637,704
	------------	------------
Shareholders funds	3,276,542	3,639,204
	------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Marmont Investment Company Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

Mr G Weir BSc FCA
Director

Company registration number: NI005245

Marmont Investment Company Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is La Mon Hotel and Country Club, 41 Gransha Road, Comber, Newtownards, BT23 5RF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Consolidation

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 undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. 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 of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Impairment of other fixed asset investments	365,131	–
	---------	----

5. Investments

	Shares in group undertakings
	£
Cost
At 1 February 2024 and 31 January 2025	365,131
	---------
Impairment
At 1 February 2024	–
Impairment losses	365,131
	---------
At 31 January 2025	365,131
	---------

Carrying amount
At 31 January 2025	–
	---------
At 31 January 2024	365,131
	---------

Shares in subsidiary companies consist of:-

Craigantlet Marmont SL

Country of incorporation Spain

Shares held 5,400 shares of €100 each

Proportion of nominal value shares held 100%

Principal activities Property development

Capital and reserves as at 31 January 2025 (€157,929)

Profit/(Loss) for the year ended 31 January 2025 (€186,737)

The statutory year end of Craigantlet Marmont SL is 31 December. The investment is carried at cost less impairment. At 31 December 2024 Craigantlet Marmont SL has net liabilities of €157,929 and is in the process of being wound up. The directors consider that the investment is fully impaired, and accordingly, an impairment charge of £365,131 (2024: £Nil) has been recognised in the profit and loss account.

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,374,302	3,058,102
Other debtors	–	49,900
	------------	------------
	3,374,302	3,108,002
	------------	------------

The amounts owed by group undertakings represent loans to Craigantlet Farms Limited and Craigantlet Marmont SL for trading activities.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	95,708	95,708
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	150,000	150,000
	---------	---------

9. Related party transactions

The balance owed to Marmont Investment Company Limited from Craigantlet Farms Limited for the year ended 2025 £3,259,680 (2024:£1,512,500). The balance owed to Marmont Investment Company Limited from CMSL for the year ended 2025 £114,622 (2024:£1,545,602).

10. Controlling party

The directors regard Craigantlet Holdings Limited as its ultimate parent company.