Registered number
04895847
Marcole Limited
Filleted Accounts
30 September 2024
Marcole Limited
Registered number: 04895847
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 758,160 728,940
Current assets
Debtors 5 96 -
Cash at bank and in hand 39,821 38,184
39,917 38,184
Creditors: amounts falling due within one year 6 (1,598) (57,961)
Net current assets/(liabilities) 38,319 (19,777)
Total assets less current liabilities 796,479 709,163
Provisions for liabilities (51,518) (38,212)
Net assets 744,961 670,951
Capital and reserves
Called up share capital 1,004 1,004
Profit and loss account 7 743,957 669,947
Shareholders' funds 744,961 670,951
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Neil Sacks
Director
Approved by the board on 4 March 2025
Marcole Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Computer equipment 3 years
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and Fittings Plant and machinery etc Computer Equipment Total
£ £ £ £
Cost
At 1 October 2023 2,564 1,252 2,513 6,329
At 30 September 2024 2,564 1,252 2,513 6,329
Depreciation
At 1 October 2023 2,564 1,252 2,513 6,329
At 30 September 2024 2,564 1,252 2,513 6,329
Net book value
At 30 September 2024 - - - -
4 Investments
Other
investments
£
Cost
At 1 October 2023 728,940
Revaluation 109,292
Disposals (80,072)
At 30 September 2024 758,160
5 Debtors 2024 2023
£ £
Other debtors 96 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 114 56,114
Accruals and deferred income 1,484 1,847
1,598 57,961
7 Reserves
Profit & loss account
Included in reserves carried forward are unrealised gains of £293,149 (2023 £201,123) relating
to the revaluation of listed investments. Deferred tax provided in respect of these gains amounts
to £51,518 (2023 £38,212). Accordingly there are non distributable reserves of £241,631
(2023 £162,911) included in retained earnongs carried forward.
8 Other information
Marcole Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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