Silverfin true 31/03/2023 01/04/2022 31/03/2023 D B Bloom 03/03/2016 16 November 2023 The principal activity of the Company during the financial year was a holding company. 10040930 2023-03-31 10040930 bus:Director1 2023-03-31 10040930 2022-03-31 10040930 core:CurrentFinancialInstruments 2023-03-31 10040930 core:CurrentFinancialInstruments 2022-03-31 10040930 core:ShareCapital 2023-03-31 10040930 core:ShareCapital 2022-03-31 10040930 core:CostValuation 2022-03-31 10040930 core:CostValuation 2023-03-31 10040930 bus:OrdinaryShareClass1 2023-03-31 10040930 2022-04-01 2023-03-31 10040930 bus:FullAccounts 2022-04-01 2023-03-31 10040930 bus:SmallEntities 2022-04-01 2023-03-31 10040930 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10040930 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10040930 bus:Director1 2022-04-01 2023-03-31 10040930 2021-04-01 2022-03-31 10040930 core:Subsidiary1 2022-04-01 2023-03-31 10040930 core:Subsidiary1 1 2022-04-01 2023-03-31 10040930 core:Subsidiary1 1 2021-04-01 2022-03-31 10040930 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10040930 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 10040930 (England and Wales)

MARAHABA LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

MARAHABA LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

MARAHABA LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
MARAHABA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 100 100
100 100
Current assets
Debtors 4 1,000 1,000
1,000 1,000
Net current assets 1,000 1,000
Total assets less current liabilities 1,100 1,100
Net assets 1,100 1,100
Capital and reserves
Called-up share capital 5 1,100 1,100
Total shareholder's funds 1,100 1,100

Marahaba Limited (registered number: 10040930) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The financial statements of Marahaba Limited (registered number: 10040930) were approved and authorised for issue by the Director. They were signed on its behalf by:

D B Bloom
Director

16 November 2023

MARAHABA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
MARAHABA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marahaba Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including other debtors are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 April 2022 100
At 31 March 2023 100
Carrying value at 31 March 2023 100
Carrying value at 31 March 2022 100

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
31.03.2023
Ownership
31.03.2022
Blooms Rooms Limited 35 Ballards Lane, London, N3 1XW Property investment Ordinary 100.00% 100.00%

4. Debtors

2023 2022
£ £
Other debtors 1,000 1,000

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,100 Ordinary shares of £ 1.00 each 1,100 1,100