Company No: 02862894 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Bernardo Hartogs

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

02862894 (England and Wales)

CHARTERED ACCOUNTANTS	Dixon Wilson
	22 Chancery Lane
	London
	WC2A 1LS

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	354		624
		354		624
Current assets
Debtors	4	56,052		174,887
Cash at bank and in hand		181,397		14,646
		237,449		189,533
Creditors: amounts falling due within one year	5	( 88,941)		( 156,961)
Net current assets		148,508		32,572
Total assets less current liabilities		148,862		33,196
Net assets		148,862		33,196
Capital and reserves
Called-up share capital		6		6
Profit and loss account		148,856		33,190
Total shareholder's funds		148,862		33,196

For the financial 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.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mar Energy Limited (registered number: 02862894) were approved and authorised for issue by the Director on 08 September 2025. They were signed on its behalf by:

Bernardo Hartogs Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mar Energy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

The company recognises turnover when contracts to supply goods are fulfilled.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	1		1

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 January 2024	1,350		1,350
At 31 December 2024	1,350		1,350
Accumulated depreciation
At 01 January 2024	726		726
Charge for the financial year	270		270
At 31 December 2024	996		996
Net book value
At 31 December 2024	354		354
At 31 December 2023	624		624

4. Debtors

	2024		2023
	£		£
Trade debtors	37,500		0
Amounts owed by director (note 6)	1,929		0
Prepayments and accrued income	10,962		167,512
VAT recoverable	1,308		3,136
Other debtors	4,353		4,239
	56,052		174,887

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	22,193		39,686
Amounts owed to director (note 6)	0		42,020
Accruals	29,916		68,347
Taxation and social security	36,832		6,908
	88,941		156,961

6. Related party transactions

The company repaid the loan due from its director of £42,020 during the year. In addition, the company made advances of £1,929 to the director which remained outstanding at the year end.