Marphil Electronics Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 October 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

08/04/2026

M. Tatar & Associates

32 Willoughby Road

London

N8 0JG

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Marphil Electronics Limited

Balance Sheet

As At 31 October 2025

Balance Sheet

Registered number: 01916940

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		3,154,045		3,092,201

			3,154,045		3,092,201
CURRENT ASSETS
Debtors	6	2,168		803
Cash at bank and in hand		168,499		102,149

		170,667		102,952
Creditors: Amounts Falling Due Within One Year	7	(60,504 )		(59,460 )

NET CURRENT ASSETS (LIABILITIES)			110,163		43,492

TOTAL ASSETS LESS CURRENT LIABILITIES			3,264,208		3,135,693

PROVISIONS FOR LIABILITIES
Deferred Taxation			(372,165 )		(360,855 )

NET ASSETS			2,892,043		2,774,838

CAPITAL AND RESERVES
Called up share capital	8		100		100
Fair value reserve	9		1,586,599		1,538,381
Profit and Loss Account			1,305,344		1,236,357

SHAREHOLDERS' FUNDS			2,892,043		2,774,838

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Marphil Electronics Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Akin Mustafa

Director

08/04/2026

The notes on pages 4 to 7 form part of these financial statements.

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Marphil Electronics Limited

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Marphil Electronics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01916940 . The registered office is 28 Clapham Road, London, SW9 0JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, . The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 10% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2.5. Financial Instruments

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.

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Marphil Electronics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation

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.

2.7. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.8. Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.9. Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising

on translation in the period are included in profit or loss.

2.10. Registrar Filing Requirements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Marphil Electronics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Fixtures & Fittings
	£
Cost or Valuation
As at 1 November 2024	8,964

As at 31 October 2025	8,964

Depreciation
As at 1 November 2024	8,964

As at 31 October 2025	8,964

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Investment Property

	2025
	£
Fair Value
As at 1 November 2024	3,092,201
Additions	2,315
Fair value adjustments	59,529

As at 31 October 2025	3,154,045

Investment property comprises of 4 freehold properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at year end by the Director.The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,168	803

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	22,607	22,411
Taxation and social security	37,897	37,049

	60,504	59,460

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Marphil Electronics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

9. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 November 2024	1,538,381	1,236,357
Profit for the year and total comprehensive income	-	167,206

Dividends paid	-	(50,000)
Transfer to/from Fair value reserve	-	(48,219)
Transfer to/from Profit & Loss Account	48,218	-

As at 31 October 2025	1,586,599	1,305,344

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