Marylebone Asset Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08834718 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MARYLEBONE ASSET MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R R Shah MSc FRICS

J T Wood B.LandEc MRICS

REGISTERED OFFICE:

55a Welbeck Street

London

W1G 9XQ

REGISTERED NUMBER:

08834718 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

13,343

9,788

13,343

9,788

CURRENT ASSETS

Debtors

6

397,644

637,805

Cash at bank and in hand

1,177,196

355,702

1,574,840

993,507

CREDITORS

Amounts falling due within one year

7

(646,135

)

(66,718

)

NET CURRENT ASSETS

928,705

926,789

TOTAL ASSETS LESS CURRENT
LIABILITIES

942,048

936,577

PROVISIONS FOR LIABILITIES

9

(2,196

)

(2,146

)

NET ASSETS

939,852

934,431

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

939,752

934,331

SHAREHOLDERS' FUNDS

939,852

934,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 July 2026 and were signed on its behalf by:

R R Shah MSc FRICS - Director

1.	STATUTORY INFORMATION

Marylebone Asset Management 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.

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

over the duration of the lease

Plant and machinery etc

-

25% on reducing balance

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

The company makes contributions to personal pension plans of its employees. The contributions payable in the year are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

36,248

AMORTISATION

At 1 January 2025

and 31 December 2025

36,248

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

-

41,723

Additions

4,111

2,642

6,753

At 31 December 2025

4,111

44,365

48,476

DEPRECIATION

At 1 January 2025

-

31,935

Charge for year

457

2,741

3,198

At 31 December 2025

457

34,676

35,133

NET BOOK VALUE

At 31 December 2025

3,654

9,689

13,343

At 31 December 2024

-

9,788

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

98,154

720

Amounts owed by group undertakings

166,917

267,520

Other debtors

132,573

369,565

397,644

637,805

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

20,550

13,486

Amounts owed to group undertakings

416,242

-

Taxation and social security

95,459

40,749

Other creditors

113,884

12,483

646,135

66,718

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

69,000

-

Between one and five years

276,000

-

In more than five years

255,205

-

600,205

-

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

2,196

2,146

Deferred

tax

£

Balance at 1 January 2025

2,146

Accelerated capital allowances

50

Balance at 31 December 2025

2,196

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company was owed £Nil (2024 - £166,917) by companies of which R R Shah and / or J T Wood are directors. The company is now part of the same corporate group.

At the balance sheet date, J T Wood owed the company £5,000 (2024 - £Nil).

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Marylebone Properties Overseas Limited and the ultimate parent company is Saffron Capital Limited with effect from 1 October 2025. Ultimate control is exercised by Mr R R Shah, by virtue of his shareholding in the ultimate parent company.