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Registered number: 10290670
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UNAUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
31 MARCH 2025
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
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COMPANY INFORMATION
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
REGISTERED NUMBER:10290670
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Total assets less current liabilities
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
REGISTERED NUMBER:10290670
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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Mr G D Williams
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The notes on pages 3 to 7 form part of these financial statements.
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Marlborough Sterling Investment Group Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page. This is also the trading address of the company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company's income is generated from management fees from related companies. Having taken that into consideration along with the expected performance over the foreseeable future, the Group relies on support from a company under common control, NWM Contracting Limited.
For this reason, the Director continues to adopt the going concern basis of accounting in preparing these annual financial statements.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Interest income is recognised in profit or loss using the effective interest method.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
The average monthly number of employees, including directors, during the year was 13 (2024 - 12).
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Investments in subsidiary companies
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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The following were subsidiary undertakings of the Company:
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Merchant Court, Milburn Road, Bournemouth, BH4 9HJ
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7 Merchant Road, Milburn Road, Bournemouth, BH4 9HJ
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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MARLBOROUGH STERLING INVESTMENT GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Commitments under operating leases
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At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Related party transactions
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The shares in NWM Contracting Limited were transferred to Mr G D Williams via a dividend in specie of £1.
Marlborough Sterling Investment Group Limited made payments to the trustees of Mr G D Williams private pension scheme amounting to £19,500 during the period (2024 - £19,500).
Marlborough Sterling Investment Group Limited made purchases from Autoskills totalling £6,000 (2024 - £11,251). The balance due to Marlborough Sterling Investment Group Limited from Autoskills at the period end was £Nil (2024 - £17,286).
Marlborough Sterling Investment Group Limited recharged costs of £773,660 (2024 - £687,360) to NWM Contracting Limited during the period, previously a subsidiary and now an entity under the control of Mr G D Williams, a director. An amount of £155,373 (2024 - £155,373) is payable from Marlborough Sterling Investment Group Limited to NWM Contracting Limited at the period end.
The Company has taken advantage of the exemption provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions between wholly owned members of the same group.
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The ultimate controlling party is Mr G D Williams, the director.
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