Company registration number 07086818 (England and Wales)
MARPLACE (NUMBER754) LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
MARPLACE (NUMBER754) LIMITED
COMPANY INFORMATION
Directors
Mr P Noall
Dr P Noall
Mr S Hughes-Solomon
Company number
07086818
Registered office
8 Brindley Road
City Park
Old Trafford
Manchester
Lancashire
M16 9HQ
Auditor
Xeinadin Audit Limited
Riverside House Kings Reach Business Park
Yew Street
Stockport
Cheshire
United Kingdom
SK4 2HD
Business address
8 Brindley Road
City Park
Old Trafford
Manchester
Lancashire
M16 9HQ
MARPLACE (NUMBER754) LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 7
Group statement of income and retained earnings
8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11
Group statement of cash flows
12
Company statement of cash flows
13
Notes to the financial statements
14 - 30
MARPLACE (NUMBER754) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The directors present the strategic report for the year ended 30 June 2025.

Review of the business

Marplace (Number 754) Limited is the holding company of J Mills (Contractors) Limited. The Group’s performance therefore reflects the trading results of its wholly owned subsidiary.

For the year ended 30 June 2025, Group turnover increased to £20.6 million (2024: £13.0 million) and profit after tax was £1.02 million (2024: £0.14 million)

This represents a significant improvement on the prior year and reflects a strong trading performance within J Mills, particularly in the Contracts division, supported by stable activity in Maintenance.

Financial Performance

The Group generated substantially improved profits and strong operating cash flow during the year.

Cash reserves increased significantly, strengthening the Group’s financial position at year end.

Dividends were received from the trading subsidiary during the year, and distributions were made to shareholders of the parent company in line with the Group’s capital strategy.

Retained earnings increased overall, reinforcing the balance sheet.

Principal Risks and Uncertainties

As a holding company, Marplace’s principal risks arise from the trading performance of its subsidiary.

The Group remains exposed to:

- Economic cycles affecting construction demand

- Working capital requirements associated with larger contract volumes

- Margin pressure in certain areas of activity

- Operational delivery risk at increased scale

The directors continue to monitor these risks closely and support ongoing investment in systems, governance and financial oversight within the trading subsidiary.

Future Outlook

The performance achieved in FY25 demonstrates that the Group can support materially higher trading levels without overextension.

The focus for the coming year is on consolidation – strengthening systems, improving operational efficiency and protecting margins.

If this year marked a promotion into a higher division, the objective now is to establish ourselves there through disciplined performance rather than short-term expansion.

Summary

FY25 represents a substantial improvement in the Group’s scale and profitability. With strengthened cash reserves, improved retained earnings and a resilient trading platform, the Group is well positioned to pursue sustainable long-term growth.

On behalf of the board

Mr P Noall
Director
12 March 2026
MARPLACE (NUMBER754) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -

The directors present their annual report and financial statements for the year ended 30 June 2025.

Principal activities

The principal activity of the company is split into two activities. Firstly, large commercial refurbishment and small commercial works. Secondly, responsive and planned preventative maintenance.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £653,982. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P Noall
Dr P Noall
Mr S Hughes-Solomon
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Dr P Noall
Mr S Hughes-Solomon
Director
Director
12 March 2026
MARPLACE (NUMBER754) LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements 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 financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MARPLACE (NUMBER754) LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF MARPLACE (NUMBER754) LIMITED
- 4 -
Opinion

We have audited the financial statements of Marplace (Number 754) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the group statement of income and retained earnings, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 30 June 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- t he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

MARPLACE (NUMBER754) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MARPLACE (NUMBER754) LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

MARPLACE (NUMBER754) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MARPLACE (NUMBER754) LIMITED
- 6 -

The extent to which the audit was considered capable of detecting irregularities in cluding fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the association through discussions with directors and other management, and from our commercial knowledge and experience of the computer component manufacturing and supply sector;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the association, including the Co mpanies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the association’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining the accounting

estimates were indicative of potential bias; and

• investigated the rationale behind significant or unusual transactions

MARPLACE (NUMBER754) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MARPLACE (NUMBER754) LIMITED
- 7 -

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance;

• enquiring of management as to actual and potential litigation and claims; and

• reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the association's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Philip Jones BA(Hons) ACCA (Senior Statutory Auditor)
For and on behalf of Xeinadin Audit Limited, Statutory Auditor
Chartered Accountants
Riverside House Kings Reach Business Park
Yew Street
Stockport
Cheshire
SK4 2HD
United Kingdom
13 March 2026
MARPLACE (NUMBER754) LIMITED
GROUP STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
20,615,928
13,010,665
Cost of sales
(16,051,032)
(10,122,616)
Gross profit
4,564,896
2,888,049
Administrative expenses
(3,107,414)
(2,692,226)
Other operating income
67,598
-
0
Operating profit
4
1,525,080
195,823
Interest receivable and similar income
7
39,156
40,868
Interest payable and similar expenses
8
(68,614)
(6,438)
Profit before taxation
1,495,622
230,253
Tax on profit
9
(479,543)
(87,649)
Profit for the financial year
1,016,079
142,604
Retained earnings brought forward
2,459,208
2,574,910
Dividends
(653,982)
(258,306)
Retained earnings carried forward
2,821,305
2,459,208
Profit for the financial year is all attributable to the owners of the parent company.
MARPLACE (NUMBER754) LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
2025
2024
£
£
Profit for the year
1,016,079
142,604
Other comprehensive income
-
-
Cash flow hedges gain arising in the year
-
0
-
0
Total comprehensive income for the year
1,016,079
142,604
Total comprehensive income for the year is all attributable to the owners of the parent company.
MARPLACE (NUMBER754) LIMITED
GROUP BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
11
479,308
594,052
Total intangible assets
479,308
594,052
Tangible assets
12
1,838,748
1,738,582
2,318,056
2,332,634
Current assets
Stocks
15
887,676
344,534
Debtors
16
3,524,995
2,754,157
Cash at bank and in hand
3,465,729
1,358,515
7,878,400
4,457,206
Creditors: amounts falling due within one year
17
(5,609,503)
(2,432,348)
Net current assets
2,268,897
2,024,858
Total assets less current liabilities
4,586,953
4,357,492
Creditors: amounts falling due after more than one year
18
(1,116,358)
(1,268,594)
Provisions for liabilities
Deferred tax liability
298,547
278,947
(298,547)
(278,947)
Net assets
3,172,048
2,809,951
Capital and reserves
Called up share capital
21
105,263
105,263
Other reserves
245,480
245,480
Profit and loss reserves
2,821,305
2,459,208
Total equity
3,172,048
2,809,951

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
12 March 2026
Dr P Noall
Mr S Hughes-Solomon
Director
Director
Company registration number 07086818 (England and Wales)
MARPLACE (NUMBER754) LIMITED
COMPANY BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
404,260
414,120
Investments
13
4,368,812
4,368,812
4,773,072
4,782,932
Current assets
Debtors
16
251,998
251,998
Cash at bank and in hand
53,942
19,191
305,940
271,189
Creditors: amounts falling due within one year
17
(415,578)
(7,720)
Net current (liabilities)/assets
(109,638)
263,469
Total assets less current liabilities
4,663,434
5,046,401
Creditors: amounts falling due after more than one year
18
(3,902,553)
(4,662,361)
Net assets
760,881
384,040
Capital and reserves
Called up share capital
21
105,263
105,263
Other reserves
245,480
245,480
Profit and loss reserves
410,138
33,297
Total equity
760,881
384,040

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £1,030,823 (2024 - £276,241 profit).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
12 March 2026
Dr P Noall
Mr S Hughes-Solomon
Director
Director
Company registration number 07086818 (England and Wales)
MARPLACE (NUMBER754) LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
25
2,984,917
(267,735)
Interest paid
(68,614)
(6,438)
Income taxes refunded/(paid)
190,922
(371,888)
Net cash inflow/(outflow) from operating activities
3,107,225
(646,061)
Investing activities
Purchase of tangible fixed assets
(391,363)
(1,407,539)
Interest received
39,156
40,868
Net cash used in investing activities
(352,207)
(1,366,671)
Financing activities
Repayment of bank loans
-
(48,271)
Payment of finance leases obligations
6,178
1,203,024
Dividends paid to equity shareholders
(653,982)
(258,306)
Net cash (used in)/generated from financing activities
(647,804)
896,447
Net increase/(decrease) in cash and cash equivalents
2,107,214
(1,116,285)
Cash and cash equivalents at beginning of year
1,358,515
2,474,800
Cash and cash equivalents at end of year
3,465,729
1,358,515
MARPLACE (NUMBER754) LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
26
(316,310)
73,144
Interest paid
-
0
(1,616)
Income taxes paid
(6,520)
(5,914)
Net cash (outflow)/inflow from operating activities
(322,830)
65,614
Investing activities
Dividends received
1,011,563
258,306
Net cash generated from investing activities
1,011,563
258,306
Financing activities
Repayment of bank loans
-
(48,271)
Dividends paid to equity shareholders
(653,982)
(258,306)
Net cash used in financing activities
(653,982)
(306,577)
Net increase in cash and cash equivalents
34,751
17,343
Cash and cash equivalents at beginning of year
19,191
1,848
Cash and cash equivalents at end of year
53,942
19,191
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 14 -
1
Accounting policies
Company information

Marplace (Number 754) Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 8 Brindley Road, City Park, Old Trafford, Manchester, Lancashire, M16 9HQ.

The group consists of Marplace (Number 754) Limited and all of its subsidiaries.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Marplace (Number 754) Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 30 June 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 15 -

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Revenue recognition

For the large commercial refurbishment works revenue is recognised according to the stage of

completion.

For work carried out where an independent valuation has not been obtained; work in progress is

provided along with the estimated profit margin. Contract work in progress is valued at the anticipated net sales value of work done after provision for contingencies. The profit recognised is dependent upon the completeness of the particular project.

For the responsive and planned preventative maintenance work revenue is recognised upon

completion of services.

Retentions are recognised upon completion of the project within revenue.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
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.

MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 16 -

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:

Land and buildings
2% straight line
Plant and equipment
20% reducing balance
Fixtures and fittings
15% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance

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 recognised in the profit and loss account.

1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 17 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 18 -
1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 19 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.15
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 20 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.18
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 21 -
3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Construction contract revenue
15,945,605
13,010,665
Other revenue
4,670,323
-
20,615,928
13,010,665
2025
2024
£
£
Other revenue
Interest income
39,156
40,868
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Fees payable to the group's auditor for the audit of the group's financial statements
12,669
12,669
Depreciation of owned tangible fixed assets
291,197
108,419
(Profit)/loss on disposal of tangible fixed assets
-
5,446
Amortisation of intangible assets
114,744
114,744
Operating lease charges
88,070
297,762
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Production
43
37
3
3
8
7
-
-
18
16
-
-
Total
69
60
3
3
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
5
Employees
(Continued)
- 22 -

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
2,925,539
2,409,072
-
0
-
0
Social security costs
307,590
239,121
-
-
Pension costs
543,313
179,853
-
0
-
0
3,776,442
2,828,046
-
0
-
0
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
251,946
254,352
Company pension contributions to defined contribution schemes
342,170
36,240
594,116
290,592
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
12,491
210,588
Company pension contributions to defined contribution schemes
180,000
14,300
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
33,479
40,868
Other interest income
5,677
-
Total income
39,156
40,868
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
33,479
40,868
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 23 -
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
-
1,616
Other finance costs:
Interest on finance leases and hire purchase contracts
68,614
4,822
Total finance costs
68,614
6,438
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
459,943
(191,298)
Deferred tax
Origination and reversal of timing differences
19,600
278,947
Total tax charge
479,543
87,649

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,495,622
230,253
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
373,906
57,563
Tax effect of expenses that are not deductible in determining taxable profit
108,565
76,034
Effect of change in corporation tax rate
(1,566)
-
Permanent capital allowances in excess of depreciation
(1,362)
151,494
Tax losses
-
0
(197,442)
Taxation charge
479,543
87,649
10
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Final paid
653,982
258,306
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 24 -
11
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
2,294,846
Amortisation and impairment
At 1 July 2024
1,700,794
Amortisation charged for the year
114,744
At 30 June 2025
1,815,538
Carrying amount
At 30 June 2025
479,308
At 30 June 2024
594,052
The company had no intangible fixed assets at 30 June 2025 or 30 June 2024.

The goodwill relates to the purchase of share capital in J Mills (Contractors) Limited.

Amortisation expense is included within administrative expenses.

12
Tangible fixed assets
Group
Land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 July 2024
493,000
6,660
30,699
33,996
1,387,191
1,951,546
Additions
-
0
-
0
100
9,361
381,902
391,363
At 30 June 2025
493,000
6,660
30,799
43,357
1,769,093
2,342,909
Depreciation and impairment
At 1 July 2024
78,880
500
20,835
20,602
92,147
212,964
Depreciation charged in the year
9,860
999
1,485
5,133
273,720
291,197
At 30 June 2025
88,740
1,499
22,320
25,735
365,867
504,161
Carrying amount
At 30 June 2025
404,260
5,161
8,479
17,622
1,403,226
1,838,748
At 30 June 2024
414,120
6,160
9,864
13,394
1,295,044
1,738,582
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
12
Tangible fixed assets
(Continued)
- 25 -
Company
Land and buildings
£
Cost
At 1 July 2024 and 30 June 2025
493,000
Depreciation and impairment
At 1 July 2024
78,880
Depreciation charged in the year
9,860
At 30 June 2025
88,740
Carrying amount
At 30 June 2025
404,260
At 30 June 2024
414,120

Group

Included within motor vehicles are assets with a net book value of £1,367,740 (2024: £1,243,181) which are held under hire purchase agreements.

Company

Freehold land and buildings with a carrying amount of £404,260 (2024 - £414,120) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

Assets used in operating leases

Freehold Property with a cost of £493,000 (2024 - £493,000) was used to generate operating lease income, depreciation charged against these assets was £9,860 (2024 - £9,860)

13
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
4,368,812
4,368,812
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 July 2024 and 30 June 2025
4,368,812
Carrying amount
At 30 June 2025
4,368,812
At 30 June 2024
4,368,812
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 26 -
14
Subsidiaries

Details of the company's subsidiaries at 30 June 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
J Mills (Contractors) Limited
8 Brindley Road, City Park, Old Trafford, Manchester, M16 9HQ, UK
Ordinary
100.00
15
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
2,000
2,000
-
-
Work in progress
885,676
342,534
-
-
887,676
344,534
-
-
16
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
2,413,073
1,628,902
-
0
-
0
Corporation tax recoverable
-
0
197,442
-
0
-
0
Other debtors
645,393
502,195
-
0
-
0
Prepayments and accrued income
214,531
159,220
-
0
-
0
3,272,997
2,487,759
-
-
Amounts falling due after more than one year:
Amounts owed by group undertakings
-
14,400
-
-
Other debtors
251,998
251,998
251,998
251,998
251,998
266,398
251,998
251,998
Total debtors
3,524,995
2,754,157
251,998
251,998
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 27 -
17
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Obligations under finance leases
19
299,769
279,305
-
0
-
0
Trade creditors
1,927,673
984,877
-
0
-
0
Corporation tax payable
459,943
6,520
6,831
6,520
Other taxation and social security
879,527
302,333
1,200
1,200
Other creditors
1,338,005
662,509
407,547
-
0
Accruals and deferred income
704,586
196,804
-
0
-
0
5,609,503
2,432,348
415,578
7,720

The hire purchase liabilities included within creditors are secured by charges over the related motor vehicles, which had a net book value of £1,367,740 at the balance sheet date.

18
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Obligations under finance leases
19
909,433
923,719
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
3,902,553
4,662,361
Other creditors
206,925
344,875
-
0
-
0
1,116,358
1,268,594
3,902,553
4,662,361

The hire purchase liabilities included within creditors are secured by charges over the related motor vehicles, which had a net book value of £1,367,740 at the balance sheet date.

19
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
299,769
279,305
-
0
-
0
In two to five years
909,433
923,719
-
0
-
0
1,209,202
1,203,024
-
-

The company holds motor vehicles under hire purchase agreements, which are treated as finance leases. The assets are recognised within motor vehicles in tangible fixed assets, with a corresponding liability recognised in creditors. The hire purchase liabilities are secured on the related motor vehicles.

The net book value of motor vehicles held under hire purchase at the balance sheet date was £1,367,740.

Finance charges of £68,614 were charged to the profit and loss account during the year.

MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 28 -
20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
543,313
179,853

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

21
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A shares of £1 each
90,000
90,000
90,000
90,000
B shares of £1 each
15,263
15,263
15,263
15,263
105,263
105,263
105,263
105,263
22
Capital commitments

Other Financial Commitments

Property Lease

The total amount of other financial commitments not provided in the financial statements was £36,000 (2024: £36,000).

23
Related party transactions

Transactions between group companies, which are related parties, have been eliminated on consolidation and are not disclosed in this note.

The company has loans owing to another group company totalling £3,902,553 (2024: £4,676,761).

These loans are repayable on demand, unsecured and free of interest.

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Group
J Mills Employee Benefit Trust
251,998
251,998
Company
J Mills Employee Benefit Trust
251,998
251,998

A trust in which Directors Dr Paul Noall and Mr Peter Noall are both trustees.

Other information
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
23
Related party transactions
(Continued)
- 29 -

The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related part disclosures" Section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group. There are no other related party transactions other than as disclosed.

24
Controlling party

The group is controlled by the directors who own the majority of the called up share capital.

25
Cash generated from/(absorbed by) group operations
2025
2024
£
£
Profit after taxation
1,016,079
142,604
Adjustments for:
Taxation charged
479,543
87,649
Finance costs
68,614
6,438
Investment income
(39,156)
(40,868)
(Gain)/loss on disposal of tangible fixed assets
-
5,446
Amortisation and impairment of intangible assets
114,744
114,744
Depreciation and impairment of tangible fixed assets
291,197
108,419
Movements in working capital:
Increase in stocks
(543,142)
(27,854)
(Increase)/decrease in debtors
(968,280)
556,733
Increase/(decrease) in creditors
2,565,318
(1,221,046)
Cash generated from/(absorbed by) operations
2,984,917
(267,735)
26
Cash (absorbed by)/generated from operations - company
2025
2024
£
£
Profit after taxation
1,030,823
276,240
Adjustments for:
Taxation charged
6,831
6,520
Finance costs
-
0
1,616
Investment income
(1,011,563)
(258,306)
Depreciation and impairment of tangible fixed assets
9,860
9,860
Movements in working capital:
(Decrease)/increase in creditors
(352,261)
37,214
Cash (absorbed by)/generated from operations
(316,310)
73,144
MARPLACE (NUMBER754) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 30 -
27
Analysis of changes in net funds - group
1 July 2024
Cash flows
30 June 2025
£
£
£
Cash at bank and in hand
1,358,515
2,107,214
3,465,729
Obligations under finance leases
(1,203,024)
(6,178)
(1,209,202)
155,491
2,101,036
2,256,527
28
Analysis of changes in net funds - company
1 July 2024
Cash flows
30 June 2025
£
£
£
Cash at bank and in hand
19,191
34,751
53,942
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