Company No:
Contents
DIRECTOR | Bernardo Hartogs |
REGISTERED OFFICE | 22 Chancery Lane |
London | |
WC2A 1LS | |
United Kingdom |
COMPANY NUMBER | 02862894 (England and Wales) |
CHARTERED ACCOUNTANTS | Dixon Wilson |
22 Chancery Lane | |
London | |
WC2A 1LS |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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1,164 | 7,243 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand | 6 |
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353,283 | 776,607 | |||
Creditors | ||||
Amounts falling due within one year | 7 | (
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Net current liabilities | (14,700) | (676,007) | ||
Total assets less current liabilities | (13,536) | (668,764) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Director's responsibilities:
The financial statements of Mar Energy Limited (registered number:
Bernardo Hartogs
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Mar Energy Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006 .
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows as at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The company recognises turnover when contracts to supply goods are fulfilled.
Other intangible assets |
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Land and buildings |
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Office equipment |
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Computer equipment |
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Rentals under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 01 March 2021 |
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Additions |
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Impairment | (
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At 28 February 2022 |
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Accumulated amortisation | |||
At 01 March 2021 |
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At 28 February 2022 |
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Net book value | |||
At 28 February 2022 |
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At 28 February 2021 |
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Land and buildings | Office equipment | Computer equipment | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 March 2021 |
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Additions |
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Disposals | (
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At 28 February 2022 |
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Accumulated depreciation | |||||||
At 01 March 2021 |
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Charge for the financial year |
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Disposals | (
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At 28 February 2022 |
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Net book value | |||||||
At 28 February 2022 |
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At 28 February 2021 |
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2022 | 2021 | ||
£ | £ | ||
Other debtors |
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2022 | 2021 | ||
£ | £ | ||
Cash at bank and in hand |
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£ | £ | ||
Trade creditors |
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Other creditors |
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Other taxation and social security |
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Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
2022 | 2021 | ||
£ | £ | ||
- within one year |
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Transactions with the entity's director
The director paid expenses on behalf of the company totalling £1,115 and the balance outstanding at the
year end was £309,719 (2020 - £969,925). The loan is unsecured, interest free and repayable on demand.