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REGISTERED NUMBER: 10294870 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Marquess DP Ltd

Marquess DP Ltd (Registered number: 10294870)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marquess DP Ltd

Company Information
for the Year Ended 30 September 2024







Directors: Dr G Buse
M C O Thomas
N K Sikka





Registered office: 39 Cardiff Road
Llandaff
Cardiff
South Glamorgan
CF5 2DP





Registered number: 10294870 (England and Wales)





Accountants: BYB Accountancy Ltd
Incorporated Financial Accountants
39 Cardiff Road
Llandaff
Cardiff
South Glamorgan
CF5 2DP

Marquess DP Ltd (Registered number: 10294870)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 77,743 103,657
Tangible assets 5 442,659 427,183
520,402 530,840

Current assets
Stocks 9,577 9,577
Debtors 6 13,139 59,975
Cash at bank 72,424 131,678
95,140 201,230
Creditors
Amounts falling due within one year 7 212,976 278,141
Net current liabilities (117,836 ) (76,911 )
Total assets less current liabilities 402,566 453,929

Creditors
Amounts falling due after more than one
year

8

347,999

395,960
Net assets 54,567 57,969

Capital and reserves
Called up share capital 100 100
Retained earnings 54,467 57,869
54,567 57,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Marquess DP Ltd (Registered number: 10294870)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





M C O Thomas - Director


Marquess DP Ltd (Registered number: 10294870)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Marquess DP Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Marquess DP Ltd (Registered number: 10294870)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 259,141
Amortisation
At 1 October 2023 155,484
Amortisation for year 25,914
At 30 September 2024 181,398
Net book value
At 30 September 2024 77,743
At 30 September 2023 103,657

Marquess DP Ltd (Registered number: 10294870)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to Plant and
property leasehold property machinery
£    £    £    £   
Cost
At 1 October 2023 264,924 830 108,763 113,111
Additions - - 13,161 11,548
At 30 September 2024 264,924 830 121,924 124,659
Depreciation
At 1 October 2023 - - - 77,620
Charge for year - - - 9,408
At 30 September 2024 - - - 87,028
Net book value
At 30 September 2024 264,924 830 121,924 37,631
At 30 September 2023 264,924 830 108,763 35,491

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 October 2023 43,899 937 11,967 544,431
Additions 347 - 5,338 30,394
At 30 September 2024 44,246 937 17,305 574,825
Depreciation
At 1 October 2023 28,594 937 10,097 117,248
Charge for year 3,131 - 2,379 14,918
At 30 September 2024 31,725 937 12,476 132,166
Net book value
At 30 September 2024 12,521 - 4,829 442,659
At 30 September 2023 15,305 - 1,870 427,183

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,471 -
Other debtors 6,668 59,975
13,139 59,975

Marquess DP Ltd (Registered number: 10294870)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 77,969 77,969
Trade creditors 68,569 89,359
Taxation and social security 16,390 15,460
Other creditors 50,048 95,353
212,976 278,141

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 347,999 395,960

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 347,999 395,960

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 425,968 473,929

NatWestminster PLC has a floating charge over the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Dr G Buse
Balance outstanding at start of year 5,500 -
Amounts advanced - 5,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,500 5,500

11. ULTIMATE CONTROLLING PARTY

The controlling party is Dr G Buse.

The ultimate controlling party is Dr G Buse.