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REGISTERED NUMBER: 13521516 (England and Wales)


















MARK43 UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






MARK43 UK LIMITED (REGISTERED NUMBER: 13521516)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


MARK43 UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S Crouch
S Salberta





SECRETARY: Mr. M Polega





REGISTERED OFFICE: One Glass Wharf
Bristol
BS2 OZX





REGISTERED NUMBER: 13521516 (England and Wales)





ACCOUNTANTS: MHA
Chartered Accountants
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS

MARK43 UK LIMITED (REGISTERED NUMBER: 13521516)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 340,646 97,200
Cash at bank 63,067 240,773
403,713 337,973
CREDITORS
Amounts falling due within one year 5 340,259 295,768
NET CURRENT ASSETS 63,454 42,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,454

42,205

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 63,444 42,195
63,454 42,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 7 March 2025 and were signed on its behalf by:





C D Merwin - Director


MARK43 UK LIMITED (REGISTERED NUMBER: 13521516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Mark43 UK Limited 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.

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.

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.

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 3 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 332,852 75,361
Other debtors 7,794 21,839
340,646 97,200

MARK43 UK LIMITED (REGISTERED NUMBER: 13521516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,800 26,808
Taxation and social security 7,164 12,954
Other creditors 301,295 256,006
340,259 295,768

6. RELATED PARTY DISCLOSURES

At 31 December 2024, a balance of £332,956 is due from the parent undertaking (2023 - £75,361 due from the parent undertaking), Mark43 Inc. The balance is repayable on demand. No interest has been charged on this balance during the period.

A balance of £105 is due to the associated company Brex M43 UK (2023 - £nil). The balance is payable on demand. No interest has been charged on this balance during the period.

7. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Mark43 Incorporated a company registered in the United States of America.

The ultimate controlling party is Scott Crouch by virtue of his shareholding in Mark43 Incorporated.