REGISTERED NUMBER: 06856221 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Marliemothams Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

75,821

101,095

Investments

6

14,557,333

3,933,900

Investment property

7

3,377,213

3,375,053

18,010,367

7,410,048

Current assets

Debtors

8

6,293,146

4,823,079

Investments

9

1,535,078

10,727,239

Cash at bank

32,177

154,450

7,860,401

15,704,768

Creditors

Amounts falling due within one year

10

(1,717,945

)

(205,570

)

Net current assets

6,142,456

15,499,198

Total assets less current liabilities

24,152,823

22,909,246

Creditors

Amounts falling due after more than one year

11

(281,275

)

(281,275

)

Provisions for liabilities

(18,955

)

(25,274

)

Net assets

23,852,593

22,602,697

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

23,851,593

22,601,697

Shareholders' funds

23,852,593

22,602,697

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

Mr T J B Glover - Director

1.	Statutory information

Marliemothams Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06856221

Registered office:

Parkfields

57 London Road

Downham Market

Norfolk

PE38 9AT

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets.

(ii) Taxation

The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority.

Turnover

The turnover shown in the profit and loss account represents the amounts invoiced and accrued relating to services supplied during the year, net of Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Motor vehicles

-

25% p.a. reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

4.	Employees and directors

The average number of employees during the year was 4 (2024 - NIL ) .

5.	Tangible fixed assets

Motor

vehicles

£

Cost

At 1 January 2025

and 31 December 2025

134,793

Depreciation

At 1 January 2025

33,698

Charge for year

25,274

At 31 December 2025

58,972

Net book value

At 31 December 2025

75,821

At 31 December 2024

101,095

6.	Fixed asset investments

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Cost or valuation

At 1 January 2025

178,000

3,755,900

3,933,900

Additions

-

9,477,226

9,477,226

Share of profit/(loss)

-

1,184,694

1,184,694

Revaluations

-

4,514

4,514

Reversal of impairments

-

(43,362

)

(43,362

)

Dividends received

-

50,361

50,361

Reclassification/transfer

-

(50,000

)

(50,000

)

At 31 December 2025

178,000

14,379,333

14,557,333

Net book value

At 31 December 2025

178,000

14,379,333

14,557,333

At 31 December 2024

178,000

3,755,900

3,933,900

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2024

178,000

3,755,900

3,933,900

Valuation in 2025

-

10,623,433

10,623,433

178,000

14,379,333

14,557,333

Listed investments comprise of a trading portfolio measured at fair value through profit and loss. Fair value is determined by the market value of the assets within the portfolio as at the balance sheet date.

Investments neither listed or unlisted are comprised of term deposit accounts held at amortised cost.

7.	Investment property

Total

£

Fair value

At 1 January 2025

3,375,053

Additions

2,160

At 31 December 2025

3,377,213

Net book value

At 31 December 2025

3,377,213

At 31 December 2024

3,375,053

Investment properties are held at fair value. The valuations were ascertained by the directors of the entity as at the balance sheet date. Whilst the directors are not professionally qualified valuers, they do have a regard for observable market prices adjusted as necessary for any differentials in location and conditions of the assets. The directors do not consider the valuation at 31 December 2025 to be materially different to the historic cost.

Security is held over assets with a carrying value of £452,610 (2024: £452,610).

8.

Debtors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade debtors

-

3,400

Amounts owed by group undertakings

1,804,707

1,772,732

Other debtors

4,488,439

3,046,947

6,293,146

4,823,079

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

9.	Current asset investments

Investments (neither listed nor unlisted) were as follows:

31.12.25

31.12.24

£

£

Term deposit accounts

1,535,078

10,727,239

Investments neither listed or unlisted are comprised of term deposit accounts held at amortised cost.

10.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Bank loans and overdrafts

1,624,795

-

Trade creditors

8,332

3,033

Taxation and social security

80,468

5,007

Other creditors

4,350

197,530

1,717,945

205,570

An overdraft facility of £3,000,000 is held with Brown Shipley of which the overdraft is secured against the company investment portfolio.

11.

Creditors: amounts falling due after more than one year

31.12.25

31.12.24

£

£

Bank loans

281,275

281,275

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

281,275

281,275

Included within creditors: amounts falling due after more than one year and five years is an amount of £281,275 (2024: £281,275) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The mortgage is an interest only loan repayable upon completion in May 2047. Interest on the loan is charged monthly and fixed for five years at 2.29%, before moving onto a variable rate charged at 5.9% per annum over the Bank of England Base Rate.

The aggregate liability included within creditors over one year over which security is held is £281,275 (2024: £281,275).

The aggregate liability included within creditors over five years over which security is held is £281,275 (2024: £281,275).

The mortgage loan is secured by a first charge on the property known as 2 Foxglove Court, Downham Market, PE38 9GW.

12.	Secured debts

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

281,275

281,275

The mortgage loan is secured by a first charge on the property known as 2 Foxglove Court, Downham Market, PE38 9GW. As at the balance sheet date, the property had a carrying value of £452,610.

13.	Other financial commitments

Listed and other investments within fixed asset investments and current asset investments are secured by a first fixed charge by Brown Shipley & Co. Limited. As at the balance sheet date, these investments hold a total value of £15,914,411 (2024: £14,483,138).

The company bank deposits for three of the bank accounts within cash at bank are secured by a first fixed charge by Brown Shipley & Co. Limited. As at the balance sheet date, these accounts hold a total value of (£1,624,471) (2024: £6,185).

14.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

Mr T J B Glover

Balance outstanding at start of year

74,663

173,473

Amounts advanced

174,468

353,340

Amounts repaid

(83,300

)

(452,150

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

165,831

74,663

Mrs J D Glover

Balance outstanding at start of year

74,663

173,530

Amounts advanced

174,468

353,311

Amounts repaid

(83,300

)

(452,178

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

165,831

74,663

The loan is subject to interest charged at 3.75%, is repayable on demand and will be repaid in full during the coming year.

15.	Related party transactions

No further transactions were undertaken which require disclosure under FRS 102 Section 1A.

16.	Ultimate controlling party

The ultimate controlling party is Mr T J B Glover and Mrs J D Glover.