Marcura UK Limited
Annual Report and Financial Statements
For the year ended 31 December 2025
Company Registration No. 09869350 (England and Wales)
Marcura UK Limited
Company Information
Directors
H Hyldahn
A V Mecser
(Appointed 30 January 2026)
Company number
09869350
Registered office
Highdown House
Yeoman Way
Worthing
West Sussex
United Kingdom
BN99 3HH
Auditor
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Marcura UK Limited
Contents
Page
Directors' report
1 - 2
Independent auditor's report
3 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 19
Marcura UK Limited
Directors' Report
For the year ended 31 December 2025
Page 1

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be that of a representative office for the Marcura Group in the UK. The Group is based in the UAE and is involved in streamlining the processes in the shipping industry by offering effective solutions to their clients. Marcura UK Limited supports the Marcura Group with product development support and sales support services.

Directors

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

S Sasikumar
(Appointed 30 June 2025 and resigned 29 January 2026)
H Hyldahn
A V Mecser
(Appointed 30 January 2026)
Paul Greensmith
(Resigned 13 March 2025)
Auditor

Moore Kingston Smith LLP were appointed as auditor to the company and are deemed to be reappointed in accordance with section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

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 company and of the profit or loss of the company 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; and

- prepare the financial statements 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 financial statements 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.

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 company’s auditor 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 company’s auditor is aware of that information.

Small companies exemption

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

Marcura UK Limited
Directors' Report (Continued)
For the year ended 31 December 2025
Page 2
On behalf of the board
A V Mecser
Director
3 July 2026
Marcura UK Limited
Independent Auditor's Report
To the Member of Marcura UK Limited
Page 3
Opinion

We have audited the financial statements of Marcura UK Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity, the 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 company's affairs as at 31 December 2025 and of its 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 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 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.

Marcura UK Limited
Independent Auditor's Report
To the Member of Marcura UK Limited (Continued)
Page 4

Opinions on other matters prescribed by the Companies Act 2006

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

- the information given in the Directors' R eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in 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, or returns adequate for our audit have not been received from branches not visited by us; or

- the 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; or

- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

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 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 company or to cease operations, or have no realistic alternative but to do so.

Marcura UK Limited
Independent Auditor's Report
To the Member of Marcura UK Limited (Continued)
Page 5
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.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company’s internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Marcura UK Limited
Independent Auditor's Report
To the Member of Marcura UK Limited (Continued)
Page 6

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

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.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, UK financial reporting standards as issued by the Financial Reporting Council, and UK taxation legislation.

- We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

- We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

- Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the company's member 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 company's member those matters we are required to state to the member 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 company and the company's member, for our audit work, for this report, or for the opinions we have formed.

Katherine Edwards
Senior Statutory Auditor
for and on behalf of Moore Kingston Smith LLP
3 July 2026
Chartered Accountants
Statutory Auditor
6th Floor
9 Appold Street
London
EC2A 2AP
Marcura UK Limited
Statement of Comprehensive Income
For the year ended 31 December 2025
Page 7
2025
2024
Notes
£
£
Turnover
3
5,044,363
3,615,660
Administrative expenses
(4,809,368)
(3,443,486)
Operating profit
4
234,995
172,174
Interest receivable and similar income
7
-
0
1,173
Profit before taxation
234,995
173,347
Tax on profit
8
(60,803)
(7,482)
Profit for the financial year
174,192
165,865

The notes on pages 11 to 19 form part of these financial statements.

Marcura UK Limited
Balance Sheet
As at 31 December 2025
Page 8
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
9
9,512
8,563
Current assets
Debtors
10
1,468,482
1,229,390
Cash at bank and in hand
41,198
5,857
1,509,680
1,235,247
Creditors: amounts falling due within one year
11
(573,379)
(472,189)
Net current assets
936,301
763,058
Net assets
945,813
771,621
Capital and reserves
Called up share capital
14
1
1
Profit and loss reserves
945,812
771,620
Total equity
945,813
771,621

The notes on pages 11 to 19 form part of these financial statements.

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 3 July 2026 and are signed on its behalf by:
A V Mecser
Director
Company Registration No. 09869350
Marcura UK Limited
Statement of Changes in Equity
For the year ended 31 December 2025
Page 9
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
1
605,755
605,756
Year ended 31 December 2024:
Profit and total comprehensive income
-
165,865
165,865
Balance at 31 December 2024
1
771,620
771,621
Year ended 31 December 2025:
Profit and total comprehensive income
-
174,192
174,192
Balance at 31 December 2025
1
945,812
945,813

The notes on pages 11 to 19 form part of these financial statements.

Marcura UK Limited
Statement of Cash Flows
For the year ended 31 December 2025
Page 10
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
16
104,068
(29,638)
Income taxes paid
(61,712)
(7,462)
Net cash inflow/(outflow) from operating activities
42,356
(37,100)
Investing activities
Purchase of tangible fixed assets
(7,015)
(5,348)
Net cash used in investing activities
(7,015)
(5,348)
Net increase/(decrease) in cash and cash equivalents
35,341
(42,448)
Cash and cash equivalents at beginning of year
5,857
48,305
Cash and cash equivalents at end of year
41,198
5,857

The notes on pages 11 to 19 form part of these financial statements.

Marcura UK Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Page 11
1
Accounting policies
Company information

Marcura UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Highdown House, Yeoman Way, Worthing, West Sussex, United Kingdom, BN99 3HH.

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. The principal accounting policies adopted are set out below.

1.2
Going concern

Marcura UK provides support services to its affiliated companies in the Marcura Group and is remunerated on a cost plus basis in accordance with a long term contract. At the reporting date, the company has net current assets of £936,301 (2024: £763,057). The company is part of a larger corporate group and has a commitment of financial support from one of the group companies - Marcura Equities Ltd - to enable it to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.true

1.3
Turnover

Revenue is recognised to the extent that is is probable that economic benefits will flow to the company and can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue as a mark up on of its operating expenditure incurred. These costs are recharged to the company's parent entity. The mark up is reflective of an arm's length transaction for similar services. No other turnover is recognised within the entity.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
over 3 years on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Marcura UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 12
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

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.

1.6
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.

1.7
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 method 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.

Marcura UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 13
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 company after deducting all of its liabilities.

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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.

1.8
Equity instruments

Equity instruments issued by the company 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 company.

1.9
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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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 when the company has 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.

Marcura UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 14
1.10
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.

1.11
Retirement benefits

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

2
Judgements and key sources of estimation uncertainty

In the application of the company’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.

3
Turnover and other revenue
2025
2024
£
£
Other significant revenue
Interest income
-
1,173
4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Exchange losses
190
-
0
Depreciation of tangible fixed assets
6,066
3,448
Marcura UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 15
5
Employees

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

2025
2024
Number
Number
38
31

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
3,888,768
2,842,899
Social security costs
553,750
347,703
Pension costs
113,982
87,049
4,556,500
3,277,651
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
238,847
99,741
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
238,847
99,741
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest receivable from group companies
-
0
1,173
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
-
0
1,173
Marcura UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 16
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
60,365
43,143
Adjustments in respect of prior periods
1,347
(35,661)
Total current tax
61,712
7,482
Deferred tax
Origination and reversal of timing differences
(1,480)
-
0
Adjustment in respect of prior periods
571
-
0
Total deferred tax
(909)
-
0
Total tax charge
60,803
7,482

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
234,995
173,347
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
58,749
43,337
Tax effect of expenses that are not deductible in determining taxable profit
137
(194)
Adjustments in respect of prior years
1,917
(35,661)
Group relief
(60,366)
(43,141)
Payable to associated enities on account of loss utilisation
60,366
43,141
Taxation charge for the year
60,803
7,482

The company has recognised a deferred tax asset of £909 in relation to fixed assets and short term timing differences as there is reasonable certainty these will be utilised in the foreseeable future.

Marcura UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 17
9
Tangible fixed assets
Computers
£
Cost
At 1 January 2025
13,924
Additions
7,015
At 31 December 2025
20,939
Depreciation and impairment
At 1 January 2025
5,361
Depreciation charged in the year
6,066
At 31 December 2025
11,427
Carrying amount
At 31 December 2025
9,512
At 31 December 2024
8,563
10
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,414,958
1,213,709
Other debtors
4,147
-
0
Prepayments and accrued income
48,468
15,681
1,467,573
1,229,390
Deferred tax asset (note 12)
909
-
0
1,468,482
1,229,390
11
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
8,116
18,484
Amounts owed to group undertakings
60,366
43,141
Taxation and social security
158,331
136,234
Other creditors
1,831
2,170
Accruals and deferred income
344,735
272,160
573,379
472,189
Marcura UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 18
12
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Assets
Assets
2025
2024
Balances:
£
£
Accelerated capital allowances
713
-
Other temporary differences
196
-
909
-
2025
Movements in the year:
£
Liability at 1 January 2025
-
Credit to profit or loss
(909)
Asset at 31 December 2025
(909)
13
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
113,982
87,049

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

14
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
15
Related party transactions

The company has chosen to take the FRS102 exemption not to disclose transactions with other members of the group.

Marcura UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 19
16
Cash generated from/(absorbed by) operations
2025
2024
£
£
Profit after taxation
174,192
165,865
Adjustments for:
Taxation charged
60,803
7,482
Depreciation and impairment of tangible fixed assets
6,066
3,448
Movements in working capital:
Increase in debtors
(238,183)
(320,276)
Increase in creditors
101,190
113,842
Cash generated from/(absorbed by) operations
104,068
(29,639)
17
Analysis of changes in net funds
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
5,857
35,341
41,198
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