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Company Registration No. 14904987 (England and Wales)
MARKETS GROUP LTD Unaudited accounts for the year ended 31 December 2024
MARKETS GROUP LTD Unaudited accounts Contents
Page
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MARKETS GROUP LTD Company Information for the year ended 31 December 2024
Directors
Adam James Raleigh Tayyab Abbasi
Company Number
14904987 (England and Wales)
Registered Office
3RD FLOOR OFFICE 207 REGENT STREET LONDON W1B 3HH ENGLAND
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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MARKETS GROUP LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,714 
- 
Current assets
Debtors
870,704 
244,062 
Cash at bank and in hand
197,955 
247,090 
1,068,659 
491,152 
Creditors: amounts falling due within one year
(563,340)
(946,081)
Net current assets/(liabilities)
505,319 
(454,929)
Total assets less current liabilities
510,033 
(454,929)
Creditors: amounts falling due after more than one year
(2,079,366)
- 
Net liabilities
(1,569,333)
(454,929)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,569,433)
(455,029)
Shareholders' funds
(1,569,333)
(454,929)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by
Tayyab Abbasi Director Company Registration No. 14904987
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MARKETS GROUP LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MARKETS GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 14904987. The registered office is 3RD FLOOR OFFICE, 207 REGENT STREET, LONDON, W1B 3HH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3yr Straight Line
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MARKETS GROUP LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
- 
Additions
6,151 
At 31 December 2024
6,151 
Depreciation
Charge for the year
1,437 
At 31 December 2024
1,437 
Net book value
At 31 December 2024
4,714 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
272,788 
130,357 
Deferred tax asset
515,115 
106,735 
Accrued income and prepayments
79,742 
6,870 
Other debtors
3,059 
100 
870,704 
244,062 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
48,229 
36,534 
Trade creditors
82,596 
961 
Taxes and social security
70,914 
58,394 
Other creditors
9,113 
660,431 
Deferred income
352,488 
189,761 
563,340 
946,081 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
2,079,366 
- 
8
Transactions with related parties
Included within other creditors are the following related party transactions:- There is an amount owed to Markets Group PTE, a company based in Singapore under common control. The amount owed totalled £650,000. There is an amount owed to Market Group US LLC, a company based in America under common control. The amount owed totalled £4,366.
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MARKETS GROUP LTD Notes to the Accounts for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 14 (2023: 14).
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