|
Registered number: 1640117
MARLIN CHEMICALS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 30 JUNE 2026
|
|
MARLIN CHEMICALS LIMITED
COMPANY INFORMATION
|
|
MARLIN CHEMICALS LIMITED
CONTENTS
|
|
|
|
|
|
Notes to the financial statements
|
|
|
|
MARLIN CHEMICALS LIMITED
REGISTERED NUMBER: 1640117
BALANCE SHEET
AS AT 30 JUNE 2026
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due after more than one year
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital redemption reserve
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
|
|
MARLIN CHEMICALS LIMITED
REGISTERED NUMBER: 1640117
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2026
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 October 2026.
The notes on pages 3 to 7 form part of these financial statements.
|
|
MARLIN CHEMICALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2026
Marlin Chemicals Limited is incorporated in England and Wales and is a company limited by shares. Its registered office is at Hearts of Oak House, Pembroke Road, Sevenoaks, Kent TN13 1XR.
2.ACCOUNTING POLICIES
|
|
|
BASIS OF PREPARATION OF FINANCIAL STATEMENTS
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 and presented in pounds Sterling. Values are rounded to the nearest £1. They present information for this company alone.
The following material accounting policies have been applied:
The financial statements have been prepared on a going concern basis. In preparing the financial statements, management has considered information about the future.
Investment property is carried at fair value updated at each balance sheet date by the directors, derived from the current market rents and investment property yields for comparable property, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified. Changes in fair value are recognised in the Profit and loss account
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
|
|
|
CASH AND CASH EQUIVALENTS
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
|
|
MARLIN CHEMICALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2026
2.ACCOUNTING POLICIES (CONTINUED)
|
|
|
FOREIGN CURRENCY TRANSLATION
|
Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Interest income is recognised in profit or loss using the effective interest method.
|
|
The average monthly number of employees, including directors, during the period was 3 (2025 - 3).
|
|
|
MARLIN CHEMICALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2026
|
|
FACTORS AFFECTING TAX CHARGE FOR THE PERIOD/YEAR
|
|
|
The tax assessed for the period/year is higher than (2025 - higher than) the standard rate of corporation tax in the UK of 19% (2025 - 19%). The differences are explained below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss on ordinary activities before tax
|
|
|
|
|
Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2025 - 19%)
|
|
|
|
|
|
|
|
|
|
Unrelieved tax losses carried forward
|
|
|
|
|
Total tax charge for the period/year
|
|
|
|
|
Freehold investment property
|
|
|
|
|
|
|
|
|
|
|
|
|
The 2026 valuations were made by the directors, on an open market value basis.
|
|
If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MARLIN CHEMICALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2026
|
|
Due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included within other debtors due within one year are loans to the following directors:
Mr M B M Williams £nil (2025 - £96,776).
Mrs D Mottram £nil (2025 - £nil).
The sums are repayable on demand and interest was charged at HMRC official rate.
|
|
|
CASH AND CASH EQUIVALENTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CREDITORS: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MARLIN CHEMICALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2026
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
222,000 (2025 - 222,000) Ordinary shares of £1.00 each
|
|
|
|
|
RELATED PARTY TRANSACTIONS
|
|
|
The table below shows the transactions and balances with related parties. Those with "parties influenced by this company" are with the company's subsidiary undertakings.
Remuneration is not included below as it is disclosed elsewhere in these financial statements.
None of the balances below are secured or guaranteed. No impairment charge has been recognised. All are due to be settled by payment rather than some other form of consideration.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid to key management personnel
|
|
|
|
|
Received from key management personnel
|
|
|
|
|
Owed by key management personnel
|
|
|
The company is controlled by the trustees of the Mrs L M Williams Family Discretionary Trust.
|