REGISTERED NUMBER: 12431767 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MART24 LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

K Canbolat

N Taylor

REGISTERED OFFICE:

Unit A 82 James Carter Road

Mildenhall

Bury St Edmunds

Suffolk

IP28 7DE

REGISTERED NUMBER:

12431767 (England and Wales)

AUDITORS:

Barber & Company (Statutory Auditors)

A trading name of PCM Accounting Limited

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

CURRENT ASSETS

Debtors

4

100,687

44,775

Cash at bank

158,135

92,834

258,822

137,609

CREDITORS

Amounts falling due within one year

5

238,868

119,057

NET CURRENT ASSETS

19,954

18,552

TOTAL ASSETS LESS CURRENT LIABILITIES

19,954

18,552

CAPITAL AND RESERVES

Called up share capital

6

10,000

10,000

Retained earnings

7

9,954

8,552

SHAREHOLDERS' FUNDS

19,954

18,552

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

K Canbolat - Director

N Taylor - Director

1.	STATUTORY INFORMATION

Mart24 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

During the year under review, the company has made a profit before taxation amounting to £1,731 and at the balance sheet date, the company had net current assets amounting to £19,954 and net assets amounting to £19,954.

The company meets its day to day management and working capital requirements with the support of its parent company, Canbolat Holding GmbH. The board of Canbolat Holding GmbH have confirmed that it is their intention to continue to support Mart24 Limited for the foreseeable future, both financially and otherwise for a period of at least twelve months from the date of this report.

The board of Mart24 Limited have taken this into account in there decision to prepare these Financial Statements on a Going Concern Basis.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

97,694

44,775

Corporation tax recoverable

2,993

-

100,687

44,775

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

11,210

6,062

Amounts owed to group undertakings

187,658

21,950

Corporation tax

329

1,007

Social security and other taxes

17,989

68,399

Accruals and deferred income

21,682

21,639

238,868

119,057

The amount due to the Parent Company, Canbolat Holding GmbH, amounts to £187,658 (2023: £21,950).

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

10,000

Ordinary

£1

10,000

10,000

7.

RESERVES

Retained

earnings

£

At 1 January 2024

8,552

Profit for the year

1,402

At 31 December 2024

9,954

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Horsley (Senior Statutory Auditor)

for and on behalf of Barber & Company (Statutory Auditors)

9.	RELATED PARTY DISCLOSURES

The profit and loss account includes Cost of goods sold payable to the parent company Canbolat Holding GmbH, amounting to £1,341,091 (2023: £725,819) and interest payable to the parent company Canbolat Holding GmbH, amounting to £3,380 (2023: £377).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Canbolat Holding GmbH, registered in Germany.

Mart24 Limited is a wholly owned subsidiary of Canbolat Holding GmbH.

The ultimate controlling party is K Canbolat.