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REGISTERED NUMBER: 10802814 (England and Wales)















Marques Of GB Limited

Unaudited Financial Statements

for the Year Ended 30th June 2024






Marques Of GB Limited (Registered number: 10802814)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Marques Of GB Limited

Company Information
for the year ended 30th June 2024







DIRECTOR: B Hamid





REGISTERED OFFICE: 16 South Square
London
NW11 7AL





REGISTERED NUMBER: 10802814 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Marques Of GB Limited (Registered number: 10802814)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 576 767

CURRENT ASSETS
Debtors 6 9,200 8,600
Cash at bank and in hand 100 101
9,300 8,701
CREDITORS
Amounts falling due within one year 7 42,572 38,753
NET CURRENT LIABILITIES (33,272 ) (30,052 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,696

)

(29,285

)

CREDITORS
Amounts falling due after more than one
year

8

6,464

7,258
NET LIABILITIES (39,160 ) (36,543 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (39,260 ) (36,643 )
SHAREHOLDERS' FUNDS (39,160 ) (36,543 )

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

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

The director acknowledges his 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 director and authorised for issue on 20th March 2025 and were signed by:





B Hamid - Director


Marques Of GB Limited (Registered number: 10802814)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Marques Of GB 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of classic car restoration and storage.

2. 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

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.

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.

Going concern
These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its directors, who have confirmed their continuing support for a period of twelve months following approval of these financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Marques Of GB Limited (Registered number: 10802814)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 3,109 4,000 7,109
DEPRECIATION
At 1st July 2023 3,108 3,234 6,342
Charge for year - 191 191
At 30th June 2024 3,108 3,425 6,533
NET BOOK VALUE
At 30th June 2024 1 575 576
At 30th June 2023 1 766 767

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,200 8,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 859 782
Trade creditors 1,157 1,158
Other creditors 40,556 36,813
42,572 38,753

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 6,464 7,258

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,352 3,454

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 859 782

Amounts falling due between one and two years:
Bank loans - 1-2 years 927 850

Marques Of GB Limited (Registered number: 10802814)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

9. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 3,185 2,954

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,352 3,454

10. DEFERRED TAX
£   
Balance at 1st July 2023 (8,600 )
Credit to Income Statement during year (600 )
Balance at 30th June 2024 (9,200 )

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities at 30th June 2024 or 30th June 2023.

13. CAPITAL COMMITMENTS

There were no capital commitments at 30th June 2024 or 30th June 2023.