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Registered number: 13576809










MARKET BARS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 52 WEEK ENDED 30 JUNE 2024

 
MARKET BARS LIMITED
REGISTERED NUMBER: 13576809

BALANCE SHEET
AS AT 30 JUNE 2024

30 June
2 July
2024
2023
Note
£
£

  

Current assets
  

Debtors: Amounts falling due within one year
 4 
132,712
16,251

Cash at bank and in hand
  
395,284
332,455

  
527,996
348,706

Creditors: Amounts falling due within one year
 5 
(541,893)
(348,705)

Net current (liabilities)/assets
  
 
 
(13,897)
 
 
1

Total assets less current liabilities
  
(13,897)
1

  

Net (liabilities)/assets
  
(13,897)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(13,898)
-

Total equity
  
(13,897)
1


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
K Rose
Director

Date: 28 March 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MARKET BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK ENDED 30 JUNE 2024

1.


General information

Market Bars Ltd is a private Company limited by shares and incorporated in England and Wales. Its registered number is 13576809. Its registered office is 9 Holles Street, London, England, W1G 0BD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Market Bars Limited is a fully owned subsidiary of Cavendish Square Group Ltd and therefore the nature of Going Concern of Market Bars Limited should be considered as part of The Group (Cavendish Square Group Limited).

Group liquidity remains strong. The Directors and management of the business consider there to be strong cash reserves at year end and cash flow from operations will continue to fund Market Bar Limited’s cash requirements through FY25 and beyond.

The Directors and management of the business have reviewed the Group's detailed forecast cash flows for the forthcoming twelve months from the date of the approval of the financial statements and consider that the Market Bars Limited will have sufficient cash resources available to meet its liabilities as they fall due. These cash flow forecasts and re-forecasts are prepared regularly as part of the business planning process. The Director's have also confirmed that the intercompany creditor balance will not be demanded for repayment for at least the next 12 months.

Based on the above indications the Directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.4

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.5

Creditors

Short-term creditors are measured at the transaction price.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 2

 
MARKET BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK ENDED 30 JUNE 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Debtors

30 June
2 July
2024
2023
£
£


Amounts owed by group undertakings
5,987
6,288

Other debtors
126,725
1

VAT repayable
-
9,962

132,712
16,251



5.


Creditors: Amounts falling due within one year

30 June
2 July
2024
2023
£
£

Amounts owed to group undertakings
505,669
334,065

Other taxation and social security
18,175
-

Other creditors
11
11

Accruals
18,038
14,629

541,893
348,705



6.


Ultimate Controlling party

The immediate parent undertaking is Cavendish Square Group Limited, a private company incorporated in England and Wales. Cavendish Square Group Limited's registered address is 9 Holles Street, London, United Kingdom, W1G 0BD. The smallest and largest group of which the Company is a member and for which group accounts are prepared is Cavendish Square Group Limited. Copies of these accounts are available from Companies House.
The ultimate controlling party is Gees Court Partners Ltd, a company incorporated in England and Wales. Its registered office address is 8 Gees Court, London, England, W1U 1JQ.

Page 3

 
MARKET BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK ENDED 30 JUNE 2024

7.


Auditors' information

The auditors' report on the financial statements for the 52 week ended 30 June 2024 was unqualified.

The audit report was signed on 28 March 2025 by Isabelle Shepherd (Senior Statutory Auditor) on behalf of HaysMac LLP.

Page 4