2023-01-012023-12-312023-12-31false13527571M3RTS HOLDING 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M3RTS HOLDING LTD

Registered Number
13527571
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

M3RTS HOLDING LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

BENEDETTI, Alessandro

Registered Address

C/O Tfa Accountants Limited Arena Business Centre
Holyrood Close
Poole
BH17 7FJ

Registered Number

13527571 (England and Wales)
M3RTS HOLDING LTD
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets387,30647,809
Tangible assets41,0731,964
88,37949,773
Current assets
Cash at bank and on hand10792
10792
Creditors amounts falling due within one year(60,281)(58,252)
Net current assets (liabilities)(60,271)(57,460)
Total assets less current liabilities28,108(7,687)
Provisions for liabilities(204)(373)
Net assets27,904(8,060)
Capital and reserves
Called up share capital11
Revaluation reserve36,797-
Profit and loss account(8,894)(8,061)
Shareholders' funds27,904(8,060)
The financial statements were approved and authorised for issue by the Director on 7 October 2024, and are signed on its behalf by:
BENEDETTI, Alessandro
Director
Registered Company No. 13527571
M3RTS HOLDING LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at their revalued amount at the end of the year
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Total

£
Cost or valuation
At 01 January 2347,809
Additions1,715
Revaluations36,797
Disposals(1,285)
At 31 December 2387,306
Amortisation and impairment
Charge for year(2,270)
Net book value
At 31 December 2387,306
At 31 December 2247,809
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 232,049
Additions1,839
Disposals(1,964)
At 31 December 231,839
Depreciation and impairment
At 01 January 2385
Charge for year766
At 31 December 23766
Net book value
At 31 December 231,073
At 31 December 221,964