Aussie Marquees Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—6

Registered number: 05680884

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		78,500		89,000
Tangible Assets	5		2,370,027		2,561,366

			2,448,527		2,650,366
CURRENT ASSETS
Stocks		14,500		14,500
Debtors		181,981		252,017
Cash at bank and in hand		90		57

		196,571		266,574
Creditors: Amounts Falling Due Within One Year		(1,058,166 )		(942,386 )

NET CURRENT ASSETS (LIABILITIES)			(861,595 )		(675,812 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,586,932		1,974,554

Creditors: Amounts Falling Due After More Than One Year			(161,764 )		(324,677 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(406,235 )		(404,815 )

NET ASSETS			1,018,933		1,245,062

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Revaluation reserve	10		942,075		942,075
Profit and Loss Account			75,858		301,987

SHAREHOLDERS' FUNDS			1,018,933		1,245,062

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Aussie Marquees Limited

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr C M Thomas-Donald

Director

31st December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Aussie Marquees Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05680884 . The registered office is Penhale Farm, Tregony, Truro, Cornwall, TR2 5SH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of twenty years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	4% on cost
Plant & Machinery	at varying rates on cost
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	10% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Aussie Marquees Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 12)

4. Intangible Assets

	Total
	£
Cost
As at 1 January 2024	210,000

As at 31 December 2024	210,000

Amortisation
As at 1 January 2024	121,000
Provided during the period	10,500

As at 31 December 2024	131,500

Net Book Value
As at 31 December 2024	78,500

As at 1 January 2024	89,000

5. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	4,539,068
Additions	114,857

As at 31 December 2024	4,653,925

Depreciation
As at 1 January 2024	1,977,702
Provided during the period	306,196

As at 31 December 2024	2,283,898

Net Book Value
As at 31 December 2024	2,370,027

As at 1 January 2024	2,561,366

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Aussie Marquees Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023
	£	£
Plant & Machinery	288,553	287,932
Motor Vehicles	8,997	11,996

	297,550	299,928

Cost or valuation as at 31 December 2024 represented by:

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
At cost	63,568	4,317,777	255,649	16,931	4,653,925

	63,568	4,317,777	255,649	16,931	4,653,925

After consulting with the company's accountants, Sovereign Accounting Solutions, during 2014 it became apparent that the company's plant and machinery had been excessively depreciated in the past.

It was therefore decided that the Directors review and revalue the fair value of the company's plant and machinery, based on the estimated market value, at 31st December 2014.

The significant fair value of such assets were arrived at based on the likely replacement cost being the estimated market value.

The Directors will therefore annually review and revalue the deemed fair value of the company's plant and machinery, as necessary, based on the estimated market value.

6. Secured Creditors

Of the creditors the following amounts are secured.

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	133,606	204,306
Bank loans and overdrafts	237,406	362,715

7. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	85,661	105,952
Later than one year and not later than five years	47,945	98,354

	133,606	204,306

	133,606	204,306

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Aussie Marquees Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	404,815	404,815
Accelerated capital allowances	1,420	1,420

Balance at 31 December 2024	406,235	406,235

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2024	942,075	301,987
Loss for the year and total comprehensive income	-	(166,129 )

Dividends paid	-	(60,000)

As at 31 December 2024	942,075	75,858

11. Related Party Transactions

During the year, the company owed £NIL (2023 - £8,351) to Clay Country Trailer Hire Limited, a company under common control.

Also, the company was owed £154,832 (2023 - £146,068) by Penhale Farm Holdings Limited, a company under common control.

The company also paid Penhale Farm Holdings Limited rent of £30,000 in the year.

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