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Company registration number: 15264367
Marchmain Ltd
Unaudited filleted financial statements
30 November 2024
Marchmain Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Marchmain Ltd
Directors and other information
Director Mr B Tett (Appointed 6 November 2023)
Company number 15264367
Registered office 86-90 Paul Street
London
EC2A 4NE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Marchmain Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Marchmain Ltd
Period ended 30 November 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 Marchmain Ltd for the period ended 30 November 2024 which comprise the statement of financial position, statement of changes in equity and 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 http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Marchmain Ltd, as a body, in accordance with the terms of our engagement letter dated 7 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Marchmain Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marchmain Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Marchmain Ltd 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 Marchmain Ltd. You consider that Marchmain Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Marchmain Ltd. 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.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
6 August 2025
Marchmain Ltd
Statement of financial position
30 November 2024
30/11/24
Note £ £
Fixed assets
Tangible assets 5 867
_______
867
Current assets
Debtors 6 27
Cash at bank and in hand 23,050
_______
23,077
Creditors: amounts falling due
within one year 7 ( 13,529)
_______
Net current assets 9,548
_______
Total assets less current liabilities 10,415
_______
Net assets 10,415
_______
Capital and reserves
Called up share capital 1
Profit and loss account 10,414
_______
Shareholders funds 10,415
_______
For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 August 2025 , and are signed on behalf of the board by:
Mr B Tett
Director
Company registration number: 15264367
Marchmain Ltd
Statement of changes in equity
Period ended 30 November 2024
Called up share capital Profit and loss account Total
£ £ £
At 6 November 2023 1 - 1
Profit for the period 10,914 10,914
_______ _______ _______
Total comprehensive income for the period - 10,914 10,914
Dividends paid and payable ( 500) ( 500)
_______ _______ _______
Total investments by and distributions to owners - ( 500) ( 500)
_______ _______ _______
At 30 November 2024 1 10,414 10,415
_______ _______ _______
Marchmain Ltd
Notes to the financial statements
Period ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 86-90 Paul Street, London, EC2A 4NE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment - Straight line over 3 years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Tangible assets
Computer equipment Total
£ £
Cost
At 6 November 2023 - -
Additions 1,300 1,300
_______ _______
At 30 November 2024 1,300 1,300
_______ _______
Depreciation
At 6 November 2023 - -
Charge for the year 433 433
_______ _______
At 30 November 2024 433 433
_______ _______
Carrying amount
At 30 November 2024 867 867
_______ _______
6. Debtors
30/11/24
£
Other debtors 27
_______
7. Creditors: amounts falling due within one year
30/11/24
£
Corporation tax 2,368
Other creditors 11,161
_______
13,529
_______
8. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 30/11/24
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr B Tett - ( 10,081) ( 10,081)
_______ _______ _______