HAWKINS, Kim James HAWKINS, Malin Kristin HAWKINS, William James

03471688 (England and Wales)

40 PETERBOROUGH ROAD FULHAM LONDON SW6 3BN United Kingdom

HBS Accountancy Limited 20 Silvercliffe Gardens New Barnet Hertfordshire EN4 9QT

Tangible assets

46,593 

47,548 

Investments

406,341 

1,611,052 

Inventories

1,592,312 

1,568,215 

Debtors

7,291,138 

5,136,209 

Cash at bank and in hand

44,255 

20,320 

(1,368,215)

(384,815)

Deferred tax

(8,211)

(8,291)

Called up share capital

2 

2 

Profit and loss account

8,004,211 

7,990,236 

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by

HAWKINS, Kim James Director Company Registration No. 03471688

Marlin Securities Limited is a private company, limited by shares, registered in England and Wales, registration number 03471688. The registered office is 40 PETERBOROUGH ROAD, FULHAM, LONDON, SW6 3BN, United Kingdom.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover represents amounts receivable from property trading, rental of properties and other fees receivable.

Motor vehicles

Fixtures & fittings

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss . A subsidiary is an entity controlled by the company . Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. The company's investment in quoted shares is held for long-term investment. They are carried at cost and not measured at fair value. The directors do not consider that the market value of listed investments represents a permanent diminution in value. This is a departure from the general requirement of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". FRS 102 requires the use of fair value in the measurement of investments in shares which are publicly traded or where the fair value can be measured reliably.

At each reporting period end date, the company reviews the carrying amounts of its tangible 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. 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.

Stock represents property stock held for development and sale and is valued at the lower of cost and net realisable value. 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.

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.

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with 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. 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 company after deducting all of its liabilities. Basic financial liabilities, including creditors loans from fellow group companies 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 paymen ts 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. A m ounts 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. Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

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 company’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 when the company has 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.

At cost 

At cost 

At 1 April 2024

17,500 

147,002 

164,502 

Additions

- 

7,333 

7,333 

At 31 March 2025

At 1 April 2024

16,945 

100,009 

116,954 

Charge for the year

139 

8,149 

8,288 

At 31 March 2025

At 31 March 2025

At 31 March 2024

Valuation at 1 April 2024

4 

1,611,048 

1,611,052 

Additions

- 

458,579 

458,579 

Disposals

- 

(1,663,290)

(1,663,290)

Valuation at 31 March 2025

Subsidiaries These financial statements are separate company financial statements for 31 March 2025. Details of the company's subsidiaries at 31 March 2025 are as follows: 1) Name of undertaking: Framechoice Limited , Registered office: England and Wales Class of shares held : Ordinary , % held directly: 100 2) Name of undertaking: Themeplace Limited , Registered office: England and Wales Class of shares held : Ordinary , % held directly: 100 The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows: 1) Name of undertaking: Framechoice Limited,Capital and reserves : £1,Profit/(loss): 0 2) Name of undertaking: Themeplace Limited,Capital and reserves : £1,Profit/(loss): 0 Significant undertakings 1) Name of undertaking: Yachtblue Limited, Registered office: England and Wales Class of shares held: Ordinary , %held directly: 50 ,indirect:0 2) Name of undertaking: Bigwave Limited, Registered office: England and Wales Class of shares held: Ordinary, %held directly: 50 , indirect:0 The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows: 1) Name of undertaking:Yachtblue Limited,Capital and reserves : £2,Profit/(loss): 0 2) Name of undertaking: Bigwave Limited,Capital and reserves : £17,813,Profit/(loss): £2,707

Accrued income and prepayments

1,267 

- 

Other debtors

7,289,871 

5,136,209 

Other creditors

1,359,034 

376,184 

Accruals

9,181 

8,631 

During the year the average number of employees was 3 (2024: 3).