IRIS Accounts Production v25.1.0.734 08063212 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080632122023-12-31080632122024-12-31080632122024-01-012024-12-31080632122022-12-31080632122023-01-012023-12-31080632122023-12-3108063212ns15:EnglandWales2024-01-012024-12-3108063212ns14:PoundSterling2024-01-012024-12-3108063212ns10:Director12024-01-012024-12-3108063212ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108063212ns10:SmallEntities2024-01-012024-12-3108063212ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3108063212ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108063212ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108063212ns10:FullAccounts2024-01-012024-12-3108063212ns10:Director22024-01-012024-12-3108063212ns10:Director32024-01-012024-12-3108063212ns10:RegisteredOffice2024-01-012024-12-3108063212ns5:CurrentFinancialInstruments2024-12-3108063212ns5:CurrentFinancialInstruments2023-12-3108063212ns5:ShareCapital2024-12-3108063212ns5:ShareCapital2023-12-3108063212ns5:RetainedEarningsAccumulatedLosses2024-12-3108063212ns5:RetainedEarningsAccumulatedLosses2023-12-3108063212ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3108063212ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 08063212 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

Marick Management Ltd

Marick Management Ltd (Registered number: 08063212)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Marick Management Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M J Boret
P S P Going
N H Pope





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 08063212 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Marick Management Ltd (Registered number: 08063212)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £   
CURRENT ASSETS
Inventories 118,516 122,534
Debtors 5 4,940,560 786,515
Cash at bank 45,707 452,120
5,104,783 1,361,169
CREDITORS
Amounts falling due within one year 6 (1,473,877 ) (1,232,759 )
NET CURRENT ASSETS 3,630,906 128,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,630,906

128,410

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,629,906 127,410
SHAREHOLDERS' FUNDS 3,630,906 128,410

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





N H Pope - Director


Marick Management Ltd (Registered number: 08063212)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Marick Management 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.

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


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.

Related party transactions
All related party transactions during the period were conducted under normal market conditions and are not considered material for the purposes of disclosure under FRS 102 Section 1A.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from long-term contracts is recognised using the percentage of completion method when the outcome of a contract can be estimated reliably. The stage of completion is determined by reference to costs incurred to date as a proportion of the total estimated contract costs, or by achievement of contract milestones, where appropriate.

Where contracts include profit-based milestones subject to significant uncertainty, revenue is recognised only when it is probable that the economic benefits will be received and the amount can be measured reliably. In circumstances where the milestone's outcome cannot be estimated reliably, but it is probable that costs incurred will be recovered, revenue is recognised only to the extent of costs incurred. The directors perform a detailed review of each contract to assess the total expected contract revenue and costs, the likelihood of achieving profit milestones and the extent of revenue to be recognised at each reporting date. Where there is significant uncertainty regarding the achievement of profit milestones, the directors apply judgement and make estimates of the likely profit to be realised, based on current progress, contractual terms, historical experience, and customer discussions. If it is probable that total contract costs will exceed total contract revenue, the expected contract loss is recognised immediately as an expense.

Inventories
Inventories consist of development projects and are valued at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, the company assesses whether inventories are impaired or if an impairment loss recognised in prior periods has reversed. Any excess of the carrying amount of development inventory over its estimated selling price less costs to complete and sell, is recognised as an impairment loss in profit or loss.


Marick Management Ltd (Registered number: 08063212)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

The company is part of a tax group for certain aspects of tax legislation. One of these aspects relates to group relief whereby current tax liabilities can be offset by current tax losses arising in other companies within the same tax group. No payment is made within the group for any tax benefit obtained under these arrangements.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 254,815 36,515
Other debtors 4,685,745 750,000
4,940,560 786,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 15,600 21,572
Amounts owed to group undertakings 66,772 780,797
Taxation and social security 1,166,661 418,289
Other creditors 224,844 12,101
1,473,877 1,232,759

Marick Management Ltd (Registered number: 08063212)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. ULTIMATE CONTROLLING PARTY

The immediate parent company is Marick Real Estate Limited, a company incorporated in England and Wales with a registered office at Chancery House, 30 St Johns Road, Woking, Surrey, GU21 7SA. The ultimate parent company and controlling party is Marick Trustee Limited, a company incorporated in England and Wales with a registered office at Chancery House, 30 St Johns Road, Woking, Surrey, GU21 7SA. Marick Trustee Limited hold the shares in Marick Real Estate Limited as trustee for the Marick Real Estate Employee Share Ownership Trust, an employee ownership trust established in the United Kingdom for the benefit of the employees of Marick Real Estate Limited.