Marlie (Civils) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Marlie (Civils) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08059551 . The registered office is Oswaldtwistle Mills Business Centre, Clifton Mill, Pickup Street, Accrington, BB5 0EY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Leasehold	10% Straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

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Marlie (Civils) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. 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.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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Marlie (Civils) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.8. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Land	Plant & Machinery
	£	£	£	£
Cost or Valuation
As at 1 October 2024	443,899	34,400	76,332	789,199
Additions	-	-	-	163,295
Disposals	(443,899 )	(34,400 )	-	(107,549 )

As at 30 September 2025	-	-	76,332	844,945

Depreciation
As at 1 October 2024	35,512	34,400	-	569,498
Provided during the period	8,878	-	-	114,412
Disposals	(44,390 )	(34,400 )	-	(80,840 )

As at 30 September 2025	-	-	-	603,070

Net Book Value
As at 30 September 2025	-	-	76,332	241,875

As at 1 October 2024	408,387	-	76,332	219,701

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Marlie (Civils) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025


	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 October 2024	658,078	3,375	2,005,283
Additions	268,764	-	432,059
Disposals	(143,215 )	-	(729,063 )

As at 30 September 2025	783,627	3,375	1,708,279

Depreciation
As at 1 October 2024	383,058	1,539	1,024,007
Provided during the period	128,704	275	252,269
Disposals	(114,244 )	-	(273,874 )

As at 30 September 2025	397,518	1,814	1,002,402

Net Book Value
As at 30 September 2025	386,109	1,561	705,877

As at 1 October 2024	275,020	1,836	981,276

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	145,672
Prepayments and accrued income	2,500	1,865
Other taxation debtors	288,629	72,438
VAT	25,114	-
Amounts owed by group undertakings	1,107,267	220,992

	1,423,510	440,967
Due after more than one year
Loan - Stone Active Limited	362,990	362,990
Loans to LSFM Limited and Vincitore Limited	1,083,953	1,083,953

	1,446,943	1,446,943

	2,870,453	1,887,910

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Marlie (Civils) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

6. Current Asset Investments

	2025	2024
	£	£
Other investments, held for sale	-	612,292

The investment was a bond with an insurance company and was stated at market value. The bond was cashed during the year. The historic cost of the investment is £nil (2024 - £400,000).

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	30,408	-
Trade creditors	307,609	21,031
Corporation tax	280,748	204,591
Other taxes and social security	2,073	3,807
VAT	-	32,200
Accruals and deferred income	8,550	8,000

	629,388	269,629

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	70,881	-

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	30,408	-
Later than one year and not later than five years	70,881	-

	101,289	-

	101,289	-

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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Marlie (Civils) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

11. Ultimate Controlling Party

The company was a wholly owned subsidiary of MCL (NW) Limited up to 11 August 2025 when ownership was transferred to McGreen Developments Limited.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		705,877		981,276

			705,877		981,276
CURRENT ASSETS
Debtors	5	2,870,453		1,887,910
Investments	6	-		612,292
Cash at bank and in hand		221,893		23,787

		3,092,346		2,523,989
Creditors: Amounts Falling Due Within One Year	7	(629,388 )		(269,629 )

NET CURRENT ASSETS (LIABILITIES)			2,462,958		2,254,360

TOTAL ASSETS LESS CURRENT LIABILITIES			3,168,835		3,235,636

Creditors: Amounts Falling Due After More Than One Year	8		(70,881 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(143,605 )		(167,102 )

NET ASSETS			2,954,349		3,068,534

CAPITAL AND RESERVES
Called up share capital	10		10		10
Profit and Loss Account			2,954,339		3,068,524

SHAREHOLDERS' FUNDS			2,954,349		3,068,534

Mr J M McGeachie Director	Mr L S Green Director
28 November 2025