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REGISTERED NUMBER: 08620365 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2021

for

MARVEL REINSURANCE CONSULTANTS LIMITED

MARVEL REINSURANCE CONSULTANTS LIMITED (REGISTERED NUMBER: 08620365)

Contents of the Financial Statements
for the Year Ended 31st December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARVEL REINSURANCE CONSULTANTS LIMITED

Company Information
for the Year Ended 31st December 2021







DIRECTORS: J Martinez De Velasco
A Sol



REGISTERED OFFICE: 6 Bevis Marks
London
EC3A 7BA



REGISTERED NUMBER: 08620365 (England and Wales)



ACCOUNTANT: David A Clarke
20 Longhill Drive
Salisbury
Wiltshire
SP2 8TD



BANKERS: HSBC Bank plc
60 Fenchurch Street
London
EC3M 4BA

MARVEL REINSURANCE CONSULTANTS LIMITED (REGISTERED NUMBER: 08620365)

Balance Sheet
31st December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,326 2,651
Tangible assets 5 1,649 2,226
Investments 6 114,379 -
117,354 4,877

CURRENT ASSETS
Debtors 7 94,718 112,726
Prepayments and accrued income 2,052 2,686
Cash at bank 30,551 60,848
127,321 176,260
CREDITORS
Amounts falling due within one year 8 74,658 49,380
NET CURRENT ASSETS 52,663 126,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,017

131,757

PROVISIONS FOR LIABILITIES 926 926
NET ASSETS 169,091 130,831

CAPITAL AND RESERVES
Called up share capital 111 111
Share premium 24,989 24,989
Retained earnings 143,991 105,731
SHAREHOLDERS' FUNDS 169,091 130,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MARVEL REINSURANCE CONSULTANTS LIMITED (REGISTERED NUMBER: 08620365)

Balance Sheet - continued
31st December 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st September 2022 and were signed on its behalf by:





A Sol - Director


MARVEL REINSURANCE CONSULTANTS LIMITED (REGISTERED NUMBER: 08620365)

Notes to the Financial Statements
for the Year Ended 31st December 2021


1. STATUTORY INFORMATION

Marvel Reinsurance Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover represents the income receivable for services provided during the period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website design costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed asset investments
Cryptocurrency is included at the cost of acquisition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

MARVEL REINSURANCE CONSULTANTS LIMITED (REGISTERED NUMBER: 08620365)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2021
and 31st December 2021 13,805
AMORTISATION
At 1st January 2021 11,154
Charge for year 1,325
At 31st December 2021 12,479
NET BOOK VALUE
At 31st December 2021 1,326
At 31st December 2020 2,651

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2021
and 31st December 2021 1,519 9,092 10,611
DEPRECIATION
At 1st January 2021 667 7,718 8,385
Charge for year 231 346 577
At 31st December 2021 898 8,064 8,962
NET BOOK VALUE
At 31st December 2021 621 1,028 1,649
At 31st December 2020 852 1,374 2,226

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2021 2020
£    £   
Cryptocurrency 114,379 -

MARVEL REINSURANCE CONSULTANTS LIMITED (REGISTERED NUMBER: 08620365)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 6,862 112,726
Other debtors 87,856 -
94,718 112,726

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 23,866 84
Taxation and social security 28,638 18,179
Other creditors 22,154 31,117
74,658 49,380

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2021 and 31st December 2020:

2021 2020
£    £   
A Sol
Balance outstanding at start of year - -
Amounts advanced 87,856 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,856 -