Mareth Holdings LLP - Filleted accounts

Registered number

OC440148

Mareth Holdings LLP

Filleted Accounts

31 March 2025

Mareth Holdings LLP
Registered number:		OC440148
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	69,960		48,123

Current assets
Debtors	4	16,828		3,762
Cash at bank and in hand		5,587		9,556
		22,415		13,318

Creditors: amounts falling due within one year	5	(12,699)		(32,723)

Net current assets/(liabilities)		9,716		(19,405)

Total assets less current liabilities		79,676		28,718

Creditors: amounts falling due after more than one year	6	(25,000)		-


Net assets attributable to members		54,676		28,718

Represented by:

Members' other interests
Members' capital classified as equity		29,475		28,718
Other reserves		25,201		-
		54,676		28,718

		54,676		28,718

Total members' interests
Members' other interests		54,676		28,718

		54,676		28,718

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 23 October 2025 and signed on their behalf by:


Russell Etherington
Designated member

Mareth Holdings LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Tools, equipment and storage containers			15% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the LLP					0		0


3	Tangible fixed assets
		Equipment		Storage units		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	400		57,032		8,250		65,682
	Additions	-		28,370		13,208		41,578
	Disposals	-		-		(9,411)		(9,411)
	At 31 March 2025	400		85,402		12,047		97,849

	Depreciation
	At 1 April 2024	80		15,829		1,650		17,559
	Charge for the year	64		10,436		2,642		13,142
	On disposals	-		-		(2,812)		(2,812)
	At 31 March 2025	144		26,265		1,480		27,889

	Net book value
	At 31 March 2025	256		59,137		10,567		69,960
	At 31 March 2024	320		41,203		6,600		48,123


4	Debtors					2025		2024
£							£

	Trade debtors					3,828		3,762
	Other debtors					13,000		-
						16,828		3,762


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					469		35,200
	Other taxes and social security costs					(1,503)		(5,477)
	Other creditors					13,733		3,000
						12,699		32,723


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					25,000		-
	Long term loans payments in year					(3,850)		-
	Long term loans interest in year					3,850		-
						25,000		-


7	Other information

	Mareth Holdings LLP is a limited liability partnership incorporated in England. Its registered office is:
	The Old Gasworks
	Sea Street
	Herne Bay
	Kent
	CT6 8JZ