Sidley Marion Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09569428

Sidley Marion Limited

Filleted Unaudited Financial Statements

31 March 2025

Sidley Marion Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Sidley Marion Limited

Statement of Financial Position

31 March 2025

	2025		2024
			(restated)
Note	£	£	£

Fixed assets

Tangible assets	5		7,704	15,536

Current assets

Debtors	6	624,017	194,228
Cash at bank and in hand		337,039	844,956
		---------	------------
		961,056	1,039,184

Creditors: amounts falling due within one year	7	132,872		216,905
		---------		------------
Net current assets			828,184	822,279
			---------	---------
Total assets less current liabilities			835,888	837,815

Provisions	1,926	4,310
	---------	---------
Net assets	833,962	833,505
	---------	---------

Capital and reserves

Called up share capital	209	209
Reserve for own shares	( 10)	( 10)
Profit and loss account	833,763	833,306
	---------	---------
Shareholders funds	833,962	833,505
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sidley Marion Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

Mr A R Webber

Director

Company registration number: 09569428

Sidley Marion Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	25% straight line
Bike equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024 (as restated)	15,084	24,567	39,651
Additions	–	1,031	1,031
	--------	--------	--------
At 31 March 2025	15,084	25,598	40,682
	--------	--------	--------
Depreciation
At 1 April 2024	10,397	13,718	24,115
Charge for the year	3,700	5,163	8,863
	--------	--------	--------
At 31 March 2025	14,097	18,881	32,978
	--------	--------	--------
Carrying amount
At 31 March 2025	987	6,717	7,704
	--------	--------	--------
At 31 March 2024	4,687	10,849	15,536
	--------	--------	--------

6. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	160,946	44,675
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,346	2,186
Other debtors	460,725	147,367
	---------	---------
	624,017	194,228
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Bank loans and overdrafts	125	–
Trade creditors	2,925	1,338
Corporation tax	59,854	185,122
Social security and other taxes	9,582	8,884
Other creditors	60,386	21,561
	---------	---------
	132,872	216,905
	---------	---------

8. Prior period errors

During the year ended 31 March 2025, it was identified that the issue of £10.48 ordinary share capital on 27 August 2021 had not been recorded in the financial statements for the year ended 30 April 2022 or subsequent periods. This omission has been corrected in these financial statements by restating the comparative figures for the earliest prior period presented, in accordance with FRS 102 Section 10 Accounting Policies, Estimates and Errors. The correction results in an increase in ordinary share capital of £10.48 in both the current year and comparative balance sheets. The adjustment has also resulted in an increase in other debtors. Comparative information has been restated accordingly.

9. Directors' advances, credits and guarantees

At the year end, the company was owed £418,320 (2024: £123,542) by a director after making advances of £615,500 (2024: £478,307) and repayments of £326,750 (2024: £351,669). £6,028 (2024: £2,719) was charged as interest.

10. Related party transactions

At the year end, the company was owed £2,346 (2024: £2,186) by a participating interest.