ACCOUNTS - Final Accounts

Registered number: 05538594

MARCHASE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

MARCHASE LIMITED

REGISTERED NUMBER: 05538594

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Investments	4		50,000		50,000
			50,000		50,000
Current assets
Debtors: amounts falling due within one year	5	518		-
Cash at bank and in hand	6	5,718		7,359
		6,236		7,359
Creditors: amounts falling due within one year	7	(435,089)		(433,089)
Net current liabilities			(428,853)		(425,730)
Total assets less current liabilities			(378,853)		(375,730)

Net liabilities			(378,853)		(375,730)

Capital and reserves
Called up share capital	8	50,000	50,000
Profit and loss account		(428,853)	(425,730)
		(378,853)	(375,730)

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MARCHASE LIMITED

REGISTERED NUMBER: 05538594

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Matthew Richard Earle

Director

Date: 6 August 2026

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

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MARCHASE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Marchase Limited (the 'Company') is a private company limited by shares incorporated in England, United Kingdom. The address of the registered office is The Coach House, Broadoak End, Hertford, Herts, SG14 2JA. The registration number of the Company is 05538594. The Company is part of a small group.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company meets it day to day working capital requirements through informal borrowing from its subsidiaries. The Directors of the ultimate parent company intend that these facilities will continue to be available to the Company and will be sufficient for the Company's needs. On this basis, the directors consider that the Company will continue in operational existence for the foreseeable future and consequently the financial statements have been prepared on a going concern basis.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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MARCHASE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.7

Pensions

Defined benefit pension plan

The Company operates a defined benefit plan. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recogised in the Balance Sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This inlcudes the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:
a) the increase in net pension benefit liability arising from employee service during the period; and
b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit of loss as 'finance expense'.

The scheme has been closed to new members and frozen to existing members for a number of years.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 3).

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MARCHASE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 February 2025	50,000
	At 31 January 2026	50,000

Debtors

					2026	2025
					£	£


Prepayments	518	-
	518	-

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	5,718	7,359
	5,718	7,359

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Amounts owed to group undertakings	435,089	433,089
	435,089	433,089

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MARCHASE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

8.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

50,000 (2025 - 50,000) Ordinary shares of £1.00 each	50,000	50,000

9.	Pension commitments

The Company operates a Defined Benefit Pension Scheme.

The Fund was established under an irrevocable Deed of Trust by Smith & Sons (London) Limited for its employees and those of its subsidiary undertakings.

The Fund had no active members since 28 February 2006, and the remaining active members at that date were provided with deferred pensions. The assets of the Fund are held in a separate Trustee Administered Fund.

In accordance with FRS 102 Section 1A, reduced disclosures have been applied. The directors are aware, based on reasonable actuarial information available to them, that the pension assets exceed the plan's liabilities at the balance sheet date.

Under FRS 102 Section 1A, the pension asset that can be recognised on the Balance Sheet is limited to the extent that it is recoverable by the Company through reduced contributions for future pensionable service and refunds. Given that no refunds have been agreed and as no future service benefits are currently expected, the Company has decided to maintain the approach previously adopted which limited the asset disclosed on the Balance Sheet to nil. The impact of this limitation on the Balance Sheet, the Profit and Loss Account and the Statement of Other Comprehensive Income is £NIL.

10.	Related party transactions
	The Company has taken advantage of the exemption from the requirement to disclose transactions with wholly owned group companies.

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