MARICO MARINE GROUP LIMITED


Directors	RIDING, Gillian Elsie
	RIDING, John Francis


Company Secretary	RIDING, Gillian Elsie


Registered Address	Marico House
	Bramshaw
	Southampton
	SO43 7JB


Registered Number	03852657 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		28,925		35,266
Investments	4		407,529		407,529
			436,454		442,795
Current assets
Debtors		76,169		76,920
Cash at bank and on hand		478		801
		76,647		77,721
Creditors amounts falling due within one year		(68,187)		(74,353)
Net current assets (liabilities)			8,460		3,368
Total assets less current liabilities			444,914		446,163
Creditors amounts falling due after one year	5		(16,022)		(33,082)
Provisions for liabilities			(35,846)		(28,615)
Net assets			393,046		384,466
Capital and reserves
Called up share capital			89		89
Revaluation reserve			85,845		85,845
Profit and loss account			307,112		298,532
Shareholders' funds	6		393,046		384,466

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2025, and are signed on its behalf by:

RIDING, John Francis
Director
Registered Company No. 03852657

MARICO MARINE GROUP LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets

	Turnover policy
	Revenue represents the amount derived from group consultancy services. Revenue is recognised upon invoicing customers. Rental income is recognised on a straight line basis over the length of the lease. Dividends are recognised when the shareholders' right to receive payment is established.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured 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.

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.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Vehicles	4
	Office Equipment	4

	Investments
	Investment property is shown at most recent valuation. Any aggregate surplus of deficit arising from changes in fair value is recognised in the profit or loss.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	149,044
	Additions	6,826
	At 31 March 25	155,870
	Depreciation and impairment
	At 01 April 24	113,778
	Charge for year	13,167
	At 31 March 25	126,946
	Net book value
	At 31 March 25	28,925
	At 31 March 24	35,266

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 April 24	407,529
	At 31 March 25	407,529
	Net book value
	At 31 March 25	407,529
	At 31 March 24	407,529

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	16,022	33,082
Total	16,022	33,082


	The bank loan is secured by a floating charge against all assets of the company.

6.	Fair value reserve
	Investment properties ae included at a valuation of £400,000 (2023: £386,796) as at 31 March 2024. This valuation is based on an assessment of the open market value of the property as determined by the directors based on a review of local property trends.

7.	Related party transactions
	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.