JP Marland and Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02347178 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

JP MARLAND AND SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

The Rt Hon The Lord Marland Of Odstock

The Hon M Marland

The Hon H Marland

SECRETARY:

Mrs J Lang

REGISTERED OFFICE:

Ground Floor East

78 Belgrave Road

London

SW1V 2BJ

REGISTERED NUMBER:

02347178 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

475,565

347,477

Investments

5

1,914,770

6,406,854

Investment property

6

1,008,216

3,398,551

7,762,547

CURRENT ASSETS

Debtors

7

823,311

978,150

Investments

8

5,403,010

-

Cash at bank and in hand

5,182,677

606,669

11,408,998

1,584,819

CREDITORS

Amounts falling due within one year

9

659,919

97,911

NET CURRENT ASSETS

10,749,079

1,486,908

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,147,630

9,249,455

CAPITAL AND RESERVES

Called up share capital

14,287

Retained earnings

14,133,343

9,235,168

SHAREHOLDERS' FUNDS

14,147,630

9,249,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th July 2026 and were signed on its behalf by:

The Rt Hon The Lord Marland Of Odstock - Director

1.	STATUTORY INFORMATION

JP Marland and Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33.33% on cost, 25% on reducing balance and 4% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

FRS 102 requires investments to be stated at fair value except where the fair value cannot be measured reliably. Listed fixed asset investments are held at fair value with the gain/loss recognised in the profit and loss account. Where the fair value cannot be measured reliably, unlisted investments will be held at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st December 2024

256,689

202,856

459,545

Additions

-

185,071

Disposals

-

(76,000

)

(76,000

)

At 30th November 2025

256,689

311,927

568,616

DEPRECIATION

At 1st December 2024

25,664

86,404

112,068

Charge for year

5,132

27,805

32,937

Eliminated on disposal

-

(51,954

)

(51,954

)

At 30th November 2025

30,796

62,255

93,051

NET BOOK VALUE

At 30th November 2025

225,893

249,672

475,565

At 30th November 2024

231,025

116,452

347,477

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST OR VALUATION

At 1st December 2024

10

6,406,844

6,406,854

Additions

-

505,604

Disposals

-

(443,721

)

(443,721

)

Revaluations

-

6,992

Reclassification/transfer

-

(4,560,959

)

(4,560,959

)

At 30th November 2025

10

1,914,760

1,914,770

NET BOOK VALUE

At 30th November 2025

10

1,914,760

1,914,770

At 30th November 2024

10

6,406,844

6,406,854

Cost or valuation at 30th November 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

Valuation in 2020

-

(154,822

)

(154,822

)

Valuation in 2021

-

(5,787,152

)

(5,787,152

)

Valuation in 2022

-

(277,659

)

(277,659

)

Valuation in 2023

-

49,303

Valuation in 2024

-

72,710

Valuation in 2025

-

6,992

Cost

10

8,005,388

8,005,398

10

1,914,760

1,914,770

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2024

and 30th November 2025

1,008,216

NET BOOK VALUE

At 30th November 2025

1,008,216

At 30th November 2024

1,008,216

The directors have considered the valuation of the investment property and consider it to be an accurate valuation as at the balance sheet date and no further revaluation is considered necessary.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Trade debtors

9,333

2,904

Other debtors

813,978

975,246

823,311

978,150

8.	CURRENT ASSET INVESTMENTS

2025

2024

as restated

£

Unlisted investments

5,403,010

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Trade creditors

1,284

2,284

Taxation and social security

629,655

4,739

Other creditors

28,980

90,888

659,919

97,911

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £685,133 (2024: £702,333) due over a total period of 40 years.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2025 and 30th November 2024:

2025

2024

as restated

£

The Hon H Marland

Balance outstanding at start of year

(7,715

)

(7,715

)

Amounts advanced

10,200

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,485

(7,715

)

The Hon M Marland

Balance outstanding at start of year

(7,715

)

(7,715

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(7,715

)

(7,715

)