Company registration number 08328575 (England and Wales)
MAREVCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
MAREVCO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MAREVCO LIMITED (REGISTERED NUMBER: 08328575)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
31 March 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,783
459
Investments
4
1,078,176
822,157
1,080,959
822,616
Current assets
Debtors
5
531
235
Cash at bank and in hand
296,234
249,232
296,765
249,467
Creditors: amounts falling due within one year
6
(349,912)
(292,215)
Net current liabilities
(53,147)
(42,748)
Net assets
1,027,812
779,868
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,027,712
779,768
Total equity
1,027,812
779,868

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 20 September 2024 and are signed on its behalf by:
O J Engleback
Director
MAREVCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Marevco Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

1.1
Reporting period

Due to the company's involvement in Tony Gee and Partners LLP, the directors have taken the decision to align the year end with that of the LLP and therefore these financial statements represent the 15 months ended 31 March 2024. As a result of this change the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover represents gross profit share receivable.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line
Computer equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Investments held as fixed assets are shown at cost less provision for impairment.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MAREVCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 January 2023
-
0
7,284
7,284
Additions
3,319
-
0
3,319
At 31 March 2024
3,319
7,284
10,603
Depreciation and impairment
At 1 January 2023
-
0
6,825
6,825
Depreciation charged in the period
536
459
995
At 31 March 2024
536
7,284
7,820
Carrying amount
At 31 March 2024
2,783
-
0
2,783
At 31 December 2022
-
0
459
459
4
Fixed asset investments
2024
2022
£
£
Other investments other than loans
1,078,176
822,157
MAREVCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2023
822,157
Additions
256,019
At 31 March 2024
1,078,176
Carrying amount
At 31 March 2024
1,078,176
At 31 December 2022
822,157
5
Debtors
2024
2022
Amounts falling due within one year:
£
£
Other debtors
531
235
6
Creditors: amounts falling due within one year
2024
2022
£
£
Taxation and social security
96,989
39,495
Other creditors
252,923
252,720
349,912
292,215
2024-03-312023-01-01false20 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityO J EnglebackDr M Englebackfalsefalse083285752023-01-012024-03-31083285752024-03-31083285752022-12-3108328575core:FurnitureFittings2024-03-3108328575core:ComputerEquipment2024-03-3108328575core:FurnitureFittings2022-12-3108328575core:ComputerEquipment2022-12-3108328575core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3108328575core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3108328575core:CurrentFinancialInstruments2024-03-3108328575core:CurrentFinancialInstruments2022-12-3108328575core:ShareCapital2024-03-3108328575core:ShareCapital2022-12-3108328575core:RetainedEarningsAccumulatedLosses2024-03-3108328575core:RetainedEarningsAccumulatedLosses2022-12-3108328575bus:Director12023-01-012024-03-3108328575core:FurnitureFittings2023-01-012024-03-3108328575core:ComputerEquipment2023-01-012024-03-31083285752022-01-012022-12-3108328575core:FurnitureFittings2022-12-3108328575core:ComputerEquipment2022-12-31083285752022-12-3108328575core:WithinOneYear2024-03-3108328575core:WithinOneYear2022-12-3108328575bus:PrivateLimitedCompanyLtd2023-01-012024-03-3108328575bus:SmallCompaniesRegimeForAccounts2023-01-012024-03-3108328575bus:FRS1022023-01-012024-03-3108328575bus:AuditExemptWithAccountantsReport2023-01-012024-03-3108328575bus:Director22023-01-012024-03-3108328575bus:FullAccounts2023-01-012024-03-31xbrli:purexbrli:sharesiso4217:GBP