Company Registration No. 03682650 (England and Wales)
Market Management Limited
Unaudited accounts
for the year ended 31 March 2025
Market Management Limited
Unaudited accounts
Contents
Market Management Limited
Company Information
for the year ended 31 March 2025
Directors
Mr D Papper
Mrs N Papper
Company Number
03682650 (England and Wales)
Registered Office
Cranworth
The Parade
Birchington
CT7 9LT
England
Accountants
Austin, Taylor Limited
16 Dover Street
Canterbury
Kent
CT1 3HD
Market Management Limited
Statement of financial position
as at 31 March 2025
Debtors
2,492,965
2,027,029
Cash at bank and in hand
2,704
6,651
Creditors: amounts falling due within one year
(196,735)
(313,611)
Net current assets
2,298,934
1,720,069
Total assets less current liabilities
2,298,934
1,720,782
Provisions for liabilities
Net assets
2,298,934
1,720,604
Called up share capital
1,000
1,000
Profit and loss account
2,297,934
1,719,604
Shareholders' funds
2,298,934
1,720,604
For the year ending 31 March 2025 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 25 June 2025 and were signed on its behalf by
Mrs N Papper
Director
Company Registration No. 03682650
Market Management Limited
Notes to the Accounts
for the year ended 31 March 2025
Market Management Limited is a private company, limited by shares, registered in England and Wales, registration number 03682650. The registered office is Cranworth, The Parade, Birchington, CT7 9LT, England.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Fixtures & fittings
25% On Cost
Computer equipment
33% On Cost
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Market Management Limited
Notes to the Accounts
for the year ended 31 March 2025
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
The directors have decided to restate the prior year accounts (2023) to recognise the introductory fees of Market Management Ltd by Specialty Underwriting Managers Ltd. The effect of this adjustment is an increase in profit after tax of £387,722.
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Intangible fixed assets
Other
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
8,414
26,149
34,563
At 31 March 2025
8,414
26,149
34,563
At 1 April 2024
7,701
26,149
33,850
Charge for the year
713
-
713
At 31 March 2025
8,414
26,149
34,563
At 31 March 2024
713
-
713
Amounts falling due within one year
Amounts due from group undertakings etc.
2,484,199
2,027,029
Market Management Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
193,375
288,105
Loans from directors
-
16,375
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Transactions with related parties
At the year end the company was owed £2,484,199 (2024: £2,027,029, restated) by Specialty Underwriting Managers Ltd. Specialty Underwriting Managers Ltd is a company which Mr D Papper has a material shareholding. The loan is unsecured, interest free and repayable on demand. The balance is disclosed within amounts owed to group undertakings.
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Average number of employees
During the year the average number of employees was 2 (2024: 2).