Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31122024-01-01falseFinancial intermediation12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07981621 2024-01-01 2024-12-31 07981621 2023-01-01 2023-12-31 07981621 2024-12-31 07981621 2023-12-31 07981621 c:Director1 2024-01-01 2024-12-31 07981621 d:FurnitureFittings 2024-01-01 2024-12-31 07981621 d:FurnitureFittings 2024-12-31 07981621 d:FurnitureFittings 2023-12-31 07981621 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07981621 d:ComputerEquipment 2024-01-01 2024-12-31 07981621 d:ComputerEquipment 2024-12-31 07981621 d:ComputerEquipment 2023-12-31 07981621 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07981621 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07981621 d:CurrentFinancialInstruments 2024-12-31 07981621 d:CurrentFinancialInstruments 2023-12-31 07981621 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07981621 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07981621 d:UKTax 2024-01-01 2024-12-31 07981621 d:UKTax 2023-01-01 2023-12-31 07981621 d:ShareCapital 2024-12-31 07981621 d:ShareCapital 2023-12-31 07981621 d:SharePremium 2024-12-31 07981621 d:SharePremium 2023-12-31 07981621 d:RetainedEarningsAccumulatedLosses 2024-12-31 07981621 d:RetainedEarningsAccumulatedLosses 2023-12-31 07981621 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 07981621 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 07981621 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 07981621 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07981621 c:OrdinaryShareClass1 2024-01-01 2024-12-31 07981621 c:OrdinaryShareClass1 2024-12-31 07981621 c:OrdinaryShareClass1 2023-12-31 07981621 c:FRS102 2024-01-01 2024-12-31 07981621 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07981621 c:FullAccounts 2024-01-01 2024-12-31 07981621 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07981621 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07981621


MARTEN & CO LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024


















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Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
MARTEN & CO LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARTEN & CO LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marten & Co Limited for the year ended 31 December 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Marten & Co Limited, as a body, in accordance with the terms of our engagement letter dated 23/05/2016Our work has been undertaken solely to prepare for your approval the financial statements of Marten & Co Limited and state those matters that we have agreed to state to the Board of Directors of Marten & Co Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marten & Co Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Marten & Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marten & Co Limited. You consider that Marten & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Marten & Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haggards Crowther LLP
 
19 Heathmans House
Heathmans Road
SW6 4TJ
24 April 2025
Page 1

 
MARTEN & CO LIMITED
REGISTERED NUMBER:07981621

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
8,178
15,828

  
8,178
15,828

Current assets
  

Debtors: amounts falling due within one year
 6 
585,540
274,681

Cash at bank and in hand
  
1,440,742
1,648,404

  
2,026,282
1,923,085

Creditors: amounts falling due within one year
 7 
(1,511,839)
(1,115,721)

Net current assets
  
 
 
514,443
 
 
807,364

Total assets less current liabilities
  
522,621
823,192

Provisions for liabilities
  

Deferred tax
 9 
(2,044)
(3,007)

  
 
 
(2,044)
 
 
(3,007)

Net assets
  
520,577
820,185


Capital and reserves
  

Called up share capital 
 10 
70,000
70,000

Share premium account
  
52,500
52,500

Profit and loss account
  
398,077
697,685

  
520,577
820,185


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 2

 
MARTEN & CO LIMITED
REGISTERED NUMBER:07981621
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 income statement 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 on 24 April 2025.




___________________________
Mr E J Marten
Director

The notes on pages 4 to 9 form part of these financial statements.
Page 3

 
MARTEN & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


STATUTORY INFORMATION

Marten & Co Limted is a private company, limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ.

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.

  
2.2

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

 
2.3

Revenue

Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings
-
33%
on cost
Computer equipment
-
33%
on cost

 
2.5

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of
Page 4

 
MARTEN & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

its liabilities.


  
2.6

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.

  
2.7

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.

 
2.8

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).

Page 5

 
MARTEN & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
63,078
85,436


63,078
85,436


Total current tax
63,078
85,436

Deferred tax


Origination and reversal of timing differences
(963)
894

Total deferred tax
(963)
894


62,115
86,330

Factors affecting tax charge for the year

 Tax has been charged at the standard rate of corporation tax in the UK of  25% (2023 - 23.52%).


Page 6

 
MARTEN & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
17,054
39,067
56,121


Additions
-
875
875



At 31 December 2024

17,054
39,942
56,996



Depreciation


At 1 January 2024
11,826
28,467
40,293


Charge for the year on owned assets
2,377
6,148
8,525



At 31 December 2024

14,203
34,615
48,818



Net book value



At 31 December 2024
2,851
5,327
8,178



At 31 December 2023
5,228
10,600
15,828


6.


Debtors

2024
2023
£
£


Trade debtors
502,621
216,635

Other debtors
42,693
20,993

Prepayments and accrued income
40,226
37,053

585,540
274,681


Page 7

 
MARTEN & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12,731
28,134

Corporation tax
63,105
85,435

Other taxation and social security
113,488
104,514

Other creditors
459,663
125,000

Accruals and deferred income
862,852
772,638

1,511,839
1,115,721



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,440,742
1,648,404




Financial assets measured at fair value through profit or loss comprise...


9.


Deferred taxation




2024


£






At 1 January 2024
3,007


Charged to profit or loss
(963)



At 31 December 2024
2,044

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
2,044
3,007

2,044
3,007

Page 8

 
MARTEN & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



70,000 (2023 - 70,000) Ordinary shares of £1.00 each
70,000
70,000



11.


Share Premium

2024
£



At 1 January 2024
52,500

Premium on shares issued during the year
-

At 31 December 2024
52,500


12.


Retained Earnings

2024
£



At 1 January 2024
697,685

Profit for the year
150,392

Dividends
(450,000)

At 31 December 2024
398,077


13.


Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.


14.


Controlling party

The company was under the control of Mr E Marten throughout the current year and last via his shareholding in the company.
 
Page 9