MARIANO MARINO LIMITED 08451792 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is Information technology consultancy activities Digita Accounts Production Advanced 6.30.9574.0 true 08451792 2021-04-01 2022-03-31 08451792 2022-03-31 08451792 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-03-31 08451792 core:RetainedEarningsAccumulatedLosses 2022-03-31 08451792 core:ShareCapital 2022-03-31 08451792 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 08451792 core:FurnitureFittingsToolsEquipment 2022-03-31 08451792 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-31 08451792 bus:SmallEntities 2021-04-01 2022-03-31 08451792 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 08451792 bus:FullAccounts 2021-04-01 2022-03-31 08451792 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 08451792 bus:RegisteredOffice 2021-04-01 2022-03-31 08451792 bus:Director1 2021-04-01 2022-03-31 08451792 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2021-04-01 2022-03-31 08451792 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 08451792 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 08451792 core:OfficeEquipment 2021-04-01 2022-03-31 08451792 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-04-01 2022-03-31 08451792 countries:England 2021-04-01 2022-03-31 08451792 2021-03-31 08451792 core:FurnitureFittingsToolsEquipment 2021-03-31 08451792 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-03-31 08451792 2020-04-01 2021-03-31 08451792 2021-03-31 08451792 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2021-03-31 08451792 core:RetainedEarningsAccumulatedLosses 2021-03-31 08451792 core:ShareCapital 2021-03-31 08451792 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 08451792 core:FurnitureFittingsToolsEquipment 2021-03-31 08451792 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-03-31 08451792 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08451792

MARIANO MARINO LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

MARIANO MARINO LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

MARIANO MARINO LIMITED

Company Information

Director

Mr M Charquero-marino

Registered office

Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB

Accountants

Clever Accounts Ltd
Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB

 

MARIANO MARINO LIMITED

(Registration number: 08451792)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

1

488

Current assets

 

Debtors

85,500

91,006

Cash at bank and in hand

 

58,331

30,038

 

143,831

121,044

Creditors: Amounts falling due within one year

(20,376)

(15,220)

Net current assets

 

123,455

105,824

Net assets

 

123,456

106,312

Capital and reserves

 

Called up share capital

5

100

100

Profit and loss account

123,356

106,212

Shareholders' funds

 

123,456

106,312

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 August 2022
 

.........................................

Mr M Charquero-marino
Director

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

MARIANO MARINO LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB
England

These financial statements were authorised for issue by the director on 8 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

MARIANO MARINO LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

4 Years Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

 

MARIANO MARINO LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2021

1,949

1,949

At 31 March 2022

1,949

1,949

Depreciation

At 1 April 2021

1,461

1,461

Charge for the year

487

487

At 31 March 2022

1,948

1,948

Carrying amount

At 31 March 2022

1

1

At 31 March 2021

488

488

5

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Oridnary Shares of £1 each

100

100

100

100

         

6

Related party transactions

Loans to related parties

2022

Entities with joint control or significant influence
£

Total
£

At start of period

84,500

84,500

At end of period

84,500

84,500

 

MARIANO MARINO LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

2021

Entities with joint control or significant influence
£

Total
£

Advanced

84,500

84,500

At end of period

84,500

84,500

Terms of loans to related parties

Loan to EL ZORRO LTD. Director of Mariano Marino Limited is also a director and 100% shareholder of EL ZORRO LTD.