2023-04-012024-03-312024-03-31false03852657MARICO MARINE GROUP LIMITED2024-10-0852220iso4217:GBPxbrli:pure038526572023-04-01038526572024-03-31038526572023-04-012024-03-31038526572022-04-01038526572023-03-31038526572022-04-012023-03-3103852657bus:SmallEntities2023-04-012024-03-3103852657bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3103852657bus:AbridgedAccounts2023-04-012024-03-3103852657bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103852657core:WithinOneYear2024-03-3103852657core:AfterOneYear2024-03-3103852657core:WithinOneYear2023-03-3103852657core:AfterOneYear2023-03-3103852657core:ShareCapital2024-03-3103852657core:SharePremium2024-03-3103852657core:RevaluationReserve2024-03-3103852657core:OtherReservesSubtotal2024-03-3103852657core:RetainedEarningsAccumulatedLosses2024-03-3103852657core:ShareCapital2023-03-3103852657core:SharePremium2023-03-3103852657core:RevaluationReserve2023-03-3103852657core:OtherReservesSubtotal2023-03-3103852657core:RetainedEarningsAccumulatedLosses2023-03-3103852657core:LandBuildings2024-03-3103852657core:PlantMachinery2024-03-3103852657core:Vehicles2024-03-3103852657core:FurnitureFittings2024-03-3103852657core:OfficeEquipment2024-03-3103852657core:NetGoodwill2024-03-3103852657core:IntangibleAssetsOtherThanGoodwill2024-03-3103852657core:ListedExchangeTraded2024-03-3103852657core:UnlistedNon-exchangeTraded2024-03-3103852657core:LandBuildings2023-03-3103852657core:PlantMachinery2023-03-3103852657core:Vehicles2023-03-3103852657core:FurnitureFittings2023-03-3103852657core:OfficeEquipment2023-03-3103852657core:NetGoodwill2023-03-3103852657core:IntangibleAssetsOtherThanGoodwill2023-03-3103852657core:ListedExchangeTraded2023-03-3103852657core:UnlistedNon-exchangeTraded2023-03-3103852657core:LandBuildings2023-04-012024-03-3103852657core:PlantMachinery2023-04-012024-03-3103852657core:Vehicles2023-04-012024-03-3103852657core:FurnitureFittings2023-04-012024-03-3103852657core:OfficeEquipment2023-04-012024-03-3103852657core:NetGoodwill2023-04-012024-03-3103852657core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103852657core:ListedExchangeTraded2023-04-012024-03-3103852657core:UnlistedNon-exchangeTraded2023-04-012024-03-3103852657core:MoreThanFiveYears2023-04-012024-03-3103852657core:Non-currentFinancialInstruments2024-03-3103852657core:Non-currentFinancialInstruments2023-03-3103852657dpl:CostSales2023-04-012024-03-3103852657dpl:DistributionCosts2023-04-012024-03-3103852657core:LandBuildings2023-04-012024-03-3103852657core:PlantMachinery2023-04-012024-03-3103852657core:Vehicles2023-04-012024-03-3103852657core:FurnitureFittings2023-04-012024-03-3103852657core:OfficeEquipment2023-04-012024-03-3103852657dpl:AdministrativeExpenses2023-04-012024-03-3103852657core:NetGoodwill2023-04-012024-03-3103852657core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103852657dpl:GroupUndertakings2023-04-012024-03-3103852657dpl:ParticipatingInterests2023-04-012024-03-3103852657dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3103852657core:ListedExchangeTraded2023-04-012024-03-3103852657dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3103852657core:UnlistedNon-exchangeTraded2023-04-012024-03-3103852657dpl:CostSales2022-04-012023-03-3103852657dpl:DistributionCosts2022-04-012023-03-3103852657core:LandBuildings2022-04-012023-03-3103852657core:PlantMachinery2022-04-012023-03-3103852657core:Vehicles2022-04-012023-03-3103852657core:FurnitureFittings2022-04-012023-03-3103852657core:OfficeEquipment2022-04-012023-03-3103852657dpl:AdministrativeExpenses2022-04-012023-03-3103852657core:NetGoodwill2022-04-012023-03-3103852657core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103852657dpl:GroupUndertakings2022-04-012023-03-3103852657dpl:ParticipatingInterests2022-04-012023-03-3103852657dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3103852657core:ListedExchangeTraded2022-04-012023-03-3103852657dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3103852657core:UnlistedNon-exchangeTraded2022-04-012023-03-3103852657core:NetGoodwill2024-03-3103852657core:IntangibleAssetsOtherThanGoodwill2024-03-3103852657core:LandBuildings2024-03-3103852657core:PlantMachinery2024-03-3103852657core:Vehicles2024-03-3103852657core:FurnitureFittings2024-03-3103852657core:OfficeEquipment2024-03-3103852657core:AfterOneYear2024-03-3103852657core:WithinOneYear2024-03-3103852657core:ListedExchangeTraded2024-03-3103852657core:UnlistedNon-exchangeTraded2024-03-3103852657core:ShareCapital2024-03-3103852657core:SharePremium2024-03-3103852657core:RevaluationReserve2024-03-3103852657core:OtherReservesSubtotal2024-03-3103852657core:RetainedEarningsAccumulatedLosses2024-03-3103852657core:NetGoodwill2023-03-3103852657core:IntangibleAssetsOtherThanGoodwill2023-03-3103852657core:LandBuildings2023-03-3103852657core:PlantMachinery2023-03-3103852657core:Vehicles2023-03-3103852657core:FurnitureFittings2023-03-3103852657core:OfficeEquipment2023-03-3103852657core:AfterOneYear2023-03-3103852657core:WithinOneYear2023-03-3103852657core:L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MARICO MARINE GROUP LIMITED

Registered Number
03852657
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

MARICO MARINE GROUP LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

RIDING, Gillian Elsie
RIDING, John Francis

Company Secretary

RIDING, Gillian Elsie

Registered Address

Marico House
Bramshaw
Southampton
SO43 7JB

Registered Number

03852657 (England and Wales)
MARICO MARINE GROUP LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets335,266973
Investments4407,529394,326
442,795395,299
Current assets
Debtors76,92072,210
Cash at bank and on hand801706
77,72172,916
Creditors amounts falling due within one year(74,353)(55,313)
Net current assets (liabilities)3,36817,603
Total assets less current liabilities446,163412,902
Creditors amounts falling due after one year5(33,082)(14,079)
Provisions for liabilities(28,615)(25,315)
Net assets384,466373,508
Capital and reserves
Called up share capital8989
Revaluation reserve85,84575,943
Profit and loss account298,532297,476
Shareholders' funds6384,466373,508
The financial statements were approved and authorised for issue by the Board of Directors on 8 October 2024, and are signed on its behalf by:
RIDING, John Francis
Director
Registered Company No. 03852657
MARICO MARINE GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

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
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets
Turnover policy
Revenue represents the amount derived from group consultancy services. Revenue is recognised upon invoicing customers. Rental income is recognised on a straight line basis over the length of the lease. Dividends are recognised when the shareholders' right to receive payment is established.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Vehicles4
Office Equipment4
Investments
Investment property is shown at most recent valuation. Any aggregate surplus of deficit arising from changes in fair value is recognised in the profit or loss.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23102,949
Additions46,095
At 31 March 24149,044
Depreciation and impairment
At 01 April 23101,976
Charge for year11,802
At 31 March 24113,778
Net book value
At 31 March 2435,266
At 31 March 23973
4.Fixed asset investments

Total

£
Cost or valuation
At 01 April 23394,326
Revaluations13,203
At 31 March 24407,529
Net book value
At 31 March 24407,529
At 31 March 23394,326
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts33,08214,079
Total33,08214,079
The bank loan is secured by a floating charge against all assets of the company.
6.Fair value reserve
Investment properties ae included at a valuation of £400,000 (2023: £386,796) as at 31 March 2024. This valuation is based on an assessment of the open market value of the property as determined by the directors based on a review of local property trends.
7.Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.