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Registered Number: 10507360
England and Wales

 

 

 

MARKET CUBE LTD



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Market Cube Ltd
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 5,570,298    5,570,298 
Tangible fixed assets 4 6,610    8,071 
5,576,908    5,578,369 
Current assets      
Debtors 150,413    83,717 
Cash at bank and in hand 527    2,871 
150,940    86,588 
Creditors: amount falling due within one year (65,540)   (69,318)
Net current assets 85,400    17,270 
 
Total assets less current liabilities 5,662,308    5,595,639 
Creditors: amount falling due after more than one year (19,225)   (19,225)
Net assets 5,643,083    5,576,414 
 

Capital and reserves 		     
Called up share capital 110    110 
Share premium account 5,570,288    5,570,288 
Profit and loss account 72,685    6,016 
Shareholders' funds 5,643,083    5,576,414 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 September 2025 and were signed on its behalf by:


-------------------------------
Mohammed Shazad Awan
Director
1
General Information
Market Cube Ltd is a private company, limited by shares, registered in England and Wales, registration number 10507360, registration address 42 Sussex Close, Slough, United Kingdom, SL1 1NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 18% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost Software License   Total
  £   £
At 01 January 2024 5,570,298    5,570,298 
Additions -    - 
Disposals -    - 
At 31 December 2024 5,570,298    5,570,298 
Net book values
At 31 December 2024 5,570,298    5,570,298 
At 31 December 2023 5,570,298    5,570,298 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 January 2024 13,452    13,452 
Additions -    - 
Disposals -    - 
At 31 December 2024 13,452    13,452 
Depreciation
At 01 January 2024 5,381    5,381 
Charge for year 1,461    1,461 
On disposals -    - 
At 31 December 2024 6,842    6,842 
Net book values
Closing balance as at 31 December 2024 6,610    6,610 
Opening balance as at 01 January 2024 8,071    8,071 


2