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Company Registration No. 11579025 (England and Wales)
Marchmont Associates Limited Annual report and unaudited accounts for the year ended 30 September 2024
Marchmont Associates Limited Annual report and unaudited accounts Contents
Page
Company information
3
Director's report
4
Accountants' report
5
Income statement
6
Statement of financial position
7
Statement of changes in equity
8
Notes to the accounts
9
Detailed profit and loss account
13
- 2 -
Marchmont Associates Limited Company Information for the year ended 30 September 2024
Director
Mr David Neil Messer
Company Number
11579025 (England and Wales)
Registered Office
8 Stonehill Close London SW14 8RP
- 3 -
Marchmont Associates Limited (Company no: 11579025 England and Wales) Director's Report
The director presents his report and accounts for the year ended 30 September 2024.
Directors
Mr David Neil Messer held office during the whole of the period.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The comparative figures for the year ended 30 September 2023 have been restated to correct prior period errors, as described in Note 9 to the accounts.
Signed on behalf of the board of directors ............................................................................ Mr David Neil Messer Director Approved by the board on: 6 March 2026
- 4 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Marchmont Associates Limited for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marchmont Associates Limited for the year ended 30 September 2024 as set out on pages 6 - 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The comparative figures for the year ended 30 September 2023 have been restated. Details of the prior period adjustment are set out in Note 9 to the accounts.
Leapman Weiss Chartered Accountants Building 6 30 Friern Park London N12 9DA 6 March 2026
- 5 -
Marchmont Associates Limited Income statement for the year ended 30 September 2024
2024
2023 (restated)
£
£
Turnover
1,269,291
2,538,902
Cost of sales
(998,354)
(1,910,961)
Gross profit
270,937
627,941
Administrative expenses
(198,051)
(356,794)
Operating profit
72,886
271,147
Interest receivable and similar income
2,053
2,817
Interest payable and similar charges
-
(9,054)
Profit on ordinary activities before taxation
74,939
264,910
Tax on profit on ordinary activities
(18,307)
(58,348)
Profit for the financial year
56,632
206,562
- 6 -
Marchmont Associates Limited Statement of financial position as at 30 September 2024
2024
2023 (restated)
Notes
£
£
Fixed assets
Tangible assets
4
4,048
3,047
Investments
5
18,474
18,474
22,522
21,521
Current assets
Debtors
6
356,106
753,937
Cash at bank and in hand
1,227
106,492
357,333
860,429
Creditors: amounts falling due within one year
7
(378,699)
(879,847)
Net current liabilities
(21,366)
(19,418)
Total assets less current liabilities
1,156
2,103
Provisions for liabilities
Deferred tax
-
(579)
Net assets
1,156
1,524
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,155
1,523
Shareholders' funds
1,156
1,524
For the year ending 30 September 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board and authorised for issue on 6 March 2026 and were signed on its behalf by
Mr David Neil Messer Director Company Registration No. 11579025
- 7 -
Marchmont Associates Limited Statement of Changes in Equity as at 30 September 2024
Share capital
Profit & loss account
Total
£
£
£
At 1 October 2022 — as originally stated
1
268,523
268,524
Prior period adjustment
—
(59,562)
(59,562)
At 1 October 2022 — as restated
1
208,961
208,962
Profit for the year
206,562
206,562
Dividends
(414,000)
(414,000)
At 30 September 2023
1
1,523
1,524
At 1 October 2023
1
1,523
1,524
Profit for the year
56,632
56,632
Dividends
(57,000)
(57,000)
At 30 September 2024
1
1,155
1,156
- 8 -
Marchmont Associates Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Marchmont Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 11579025. The registered office is 8 Stonehill Close, London, SW14 8RP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Investments in subsidiary undertakings
Investments are included at cost less impairment where applicable.
Going concern
The accounts have been prepared on the going concern basis which assumes the continued support of Mr David Messer, who is a director of the company.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2023
3,777
3,132
6,909
Additions
-
3,638
3,638
At 30 September 2024
3,777
6,770
10,547
Depreciation
At 1 October 2023
1,888
1,974
3,862
Charge for the year
944
1,693
2,637
At 30 September 2024
2,832
3,667
6,499
Net book value
At 30 September 2024
945
3,103
4,048
At 30 September 2023
1,889
1,158
3,047
- 9 -
Marchmont Associates Limited Notes to the Accounts for the year ended 30 September 2024
5
Investments
Subsidiary undertakings
£
Valuation at 1 October 2023
18,474
Valuation at 30 September 2024
18,474
As of 30 September 2024, the company holds £18,474 in investments in the following wholly-owned subsidiaries: - Marchmont Europe Enterprises UG, registered in Germany - Marchmont Europe Enterprises SL, registered in Spain - Marchmont PTY Ltd, registered in Australia - M M E Technical Services Contracting Co. L.L.C, registered in the United Arab Emirates
6
Debtors
2024
2023 (restated)
£
£
Amounts falling due within one year
Trade debtors
-
528,511
Accrued income and prepayments
-
102,150
Other debtors
356,106
123,276
356,106
753,937
7
Creditors: amounts falling due within one year
2024
2023 (restated)
£
£
Bank loans and overdrafts
15,591
26,186
VAT
122,077
236,133
Trade creditors
75,071
127,956
Taxes and social security
137,322
218,435
Other creditors
10,626
1,616
Loans from directors
12,612
31,468
Accruals
5,400
238,053
378,699
879,847
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 10 -
Marchmont Associates Limited Notes to the Accounts for the year ended 30 September 2024
9
Prior period adjustment
In the course of preparing these accounts, certain items came to light requiring adjustments to the comparative figures for the years ended 30 September 2023 and 30 September 2022. In accordance with FRS 102 Section 10, the comparative figures have been restated accordingly.
Nature of the adjustments
Turnover for the year ended 30 September 2023 has been restated upward by £214,188 to include management charges receivable from a wholly-owned subsidiary undertaking that were not included in the original filing. This increases profit before tax by £214,188, with additional corporation tax of £47,202, giving a net increase to profit after tax of £166,986.
Adjustments to the year ended 30 September 2022 comprise management charges receivable from a wholly-owned subsidiary undertaking (post-tax profit £133,439) not included in the original filing, and additional dividends of £193,001 settled against the director's loan account. Together these reduce the opening profit and loss reserve at 1 October 2022 by a net £59,562.
Dividends of £125,000 paid in the year ended 30 September 2023 and settled against the director's loan account have been included in the restated comparative figures. Restated total dividends for the year are £414,000 (originally stated: £289,000).
The director's loan balance and related debtor and creditor balances have been presented on a net basis at 30 September 2023, and the comparative figures have been restated accordingly.
Impact on the income statement for the year ended 30 September 2023
Originally stated £
Adjustment £
Restated £
Turnover
2,324,714
214,188
2,538,902
Gross profit
413,753
214,188
627,941
Operating profit
56,959
214,188
271,147
Profit before taxation
50,722
214,188
264,910
Tax on profit
(11,146)
(47,202)
(58,348)
Profit after tax
39,576
166,986
206,562
- 11 -
Marchmont Associates Limited Notes to the Accounts for the year ended 30 September 2024
Impact on the statement of financial position as at 30 September 2023
Originally stated £
Adjustment £
Restated £
Debtors
1,074,985
(321,048)
753,937
Total current assets
1,181,477
(321,048)
860,429
Creditors: due within one year
(1,183,319)
303,472
(879,847)
Net current liabilities
(1,842)
(17,576)
(19,418)
Total assets less current liabilities
19,679
(17,576)
2,103
Net assets
19,100
(17,576)
1,524
Profit and loss account
19,099
(17,576)
1,523
Shareholders' funds
19,100
(17,576)
1,524
- 12 -
Marchmont Associates Limited Detailed Profit and Loss Account for the year ended 30 September 2024
This schedule does not form part of the statutory accounts.
2024
2023 (restated)
£
£
Turnover
Fees
1,269,291
2,538,902
Cost of sales
Other direct costs
998,354
1,910,961
Gross profit
270,937
627,941
Administrative expenses
Wages and salaries
58,115
19,078
Directors' salaries
9,096
9,096
Pensions
3,688
954
Employer's NI
1,267
-
Travel and subsistence
54,583
267,739
Entertaining
9,160
1,435
Rent
4,907
288
Cleaning
10,747
8,577
Use of home
312
312
Telephone and fax
3,623
3,718
Postage
504
15
Stationery and printing
7
1,891
Subscriptions
1,260
1,844
Bank charges
(296)
63
Insurance
12,083
221
Equipment expensed
218
1,716
Software
6,008
6,828
Repairs and maintenance
1,409
4,514
Depreciation
2,637
1,871
Loss on foreign exchange transactions
2,583
1,218
Sundry expenses
3,813
519
Accountancy fees
2,800
2,720
Consultancy fees
2,292
-
Advertising and PR
3,185
1,595
Other legal and professional
4,050
20,582
198,051
356,794
Operating profit
72,886
271,147
Interest receivable
Interest receivable
2,053
2,817
Interest payable
Other loans
-
9,054
Profit on ordinary activities before taxation
74,939
264,910
- 13 -