Company registration number 08328575 (England and Wales)
MAREVCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MAREVCO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MAREVCO LIMITED (REGISTERED NUMBER: 08328575)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,532
2,783
Investments
4
1,124,916
1,078,176
1,128,448
1,080,959
Current assets
Debtors
5
2,758
531
Cash at bank and in hand
116,485
296,234
119,243
296,765
Creditors: amounts falling due within one year
6
(69,477)
(349,912)
Net current assets/(liabilities)
49,766
(53,147)
Net assets
1,178,214
1,027,812
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,178,114
1,027,712
Total equity
1,178,214
1,027,812
For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 20 December 2025 and are signed on its behalf by:
O J Engleback
Director
MAREVCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Marevco Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Revenue
Turnover represents gross profit share receivable.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% straight line
Computer equipment
33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Fixed asset investments
Investments held as fixed assets are shown at cost less provision for impairment.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
MAREVCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2024
3,319
7,284
10,603
Additions
2,138
2,138
Disposals
(2,157)
(2,157)
At 31 March 2025
3,319
7,265
10,584
Depreciation and impairment
At 1 April 2024
536
7,284
7,820
Depreciation charged in the year
830
559
1,389
Eliminated in respect of disposals
(2,157)
(2,157)
At 31 March 2025
1,366
5,686
7,052
Carrying amount
At 31 March 2025
1,953
1,579
3,532
At 31 March 2024
2,783
2,783
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
1,124,916
1,078,176
MAREVCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
1,078,176
Additions
46,740
At 31 March 2025
1,124,916
Carrying amount
At 31 March 2025
1,124,916
At 31 March 2024
1,078,176
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
2,758
531
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
336
Taxation and social security
66,946
96,989
Other creditors
2,195
252,923
69,477
349,912
7
Related party transactions
Included within other debtors is a loan from the company to its director of £2,758 (2024 - NIL). This loan is interest free and repayable on demand.