Registered number
07533819
Martin & Pleasance UK Limited
Filleted Accounts
For the year ended 30 June 2025

Martin & Pleasance UK Limited
Registered number: | 07533819
Balance Sheet
as at 30 June 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Current assets
Stocks |  |  | 98,453 |  |  | 120,814
Debtors | 4 |  | 230,381 |  |  | 76,116
Cash at bank and in hand |  |  | 89,996 |  |  | 89,562
|  |  | 418,830 |  |  | 286,492
Creditors: amounts falling due within one year | 5 |  | (68,131) |  |  | (33,254)
Net current assets |  |  |  | 350,699 |  |  | 253,238
Net assets |  |  |  | 350,699 |  |  | 253,238
Capital and reserves
Called up share capital |  |  |  | 1 |  |  | 1
Profit and loss account |  |  |  | 350,698 |  |  | 253,237
Shareholder's funds |  |  |  | 350,699 |  |  | 253,238
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R G Holyman
Director
Approved by the board on 19 March 2026

Martin & Pleasance UK Limited
Notes to the Accounts
For the year ended 30 June 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). 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 £.
| Going concern
| The financial statements have been prepared on the assumption that the company is a going concern. This is on the grounds that a fellow subsidiary will continue to provide financial support as and when required for the company to meet its liabilities as they fall due from a period of at least 12 months from the approval of these financial statements. As a result of the actions described above, the directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.
| Turnover
| Turnover represents amounts receivable for goods sold, net of trade discounts, VAT and other sales and related taxes. Turnover is measured at the point of despatch of the goods from the warehouse.
| Stocks
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| Current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Audit information
| The audit report is unqualified.
| Senior statutory auditor: | Indra Raj Giri ACA, FCCA
| Firm: | Makesworth Audit Services Limited
| Date of audit report: | 19 March 2026
3 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 51,877 |  | 39,561
| Amount owed by group undertakings | 178,146 |  | -
| Other debtors |  | 358 |  | 36,555
|  |  |  |  |  | 230,381 |  | 76,116
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 8,125 |  | 10,654
| Taxation and social security costs | 42,505 |  | 15,858
| Other creditors | 17,501 |  | 6,742
|  |  |  |  |  | 68,131 |  | 33,254
6 | Related party transactions
| Included within debtors is an amount of £105,810 (2024:£Nil) due from its parent company, Martin & Pleasance Pty Ltd and an amount of £70,879 (2024: £Nil) from a fellow group company, Martin & Pleasance Wholesale Unit Trust.
7 | Controlling party
| The parent undertaking of the smallest group in which consolidated financial statements are prepared, which include this company, is Martin & Pleasance Pty Limited, a company registered in Australia. The address of the registered office is 7 Rocklea Drive, Port Melbourne, VIC 3207.
8 | Other information
| Martin & Pleasance UK Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
| 33 High Street
| Cobham
| KT11 3DP

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