2 false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 729 404 81 485 244 325 210 210 210 xbrli:pure xbrli:shares iso4217:GBP 12092742 2022-10-01 2023-09-30 12092742 2023-09-30 12092742 2022-09-30 12092742 2021-10-01 2022-09-30 12092742 2022-09-30 12092742 bus:Director1 2022-10-01 2023-09-30 12092742 core:WithinOneYear 2023-09-30 12092742 core:ShareCapital 2023-09-30 12092742 core:ShareCapital 2022-09-30 12092742 core:RetainedEarningsAccumulatedLosses 2023-09-30 12092742 core:RetainedEarningsAccumulatedLosses 2022-09-30 12092742 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 12092742 core:Non-currentFinancialInstruments 2023-09-30 12092742 core:Non-currentFinancialInstruments 2022-09-30 12092742 bus:SmallEntities 2022-10-01 2023-09-30 12092742 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12092742 bus:FullAccounts 2022-10-01 2023-09-30 12092742 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12092742 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12092742 core:OfficeEquipment 2022-10-01 2023-09-30 12092742 core:OfficeEquipment 2023-09-30 12092742 core:OfficeEquipment 2022-09-30
COMPANY REGISTRATION NUMBER: 12092742
MARMI HOMES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2023
MARMI HOMES LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
244
325
Investments
6
210
210
----
----
454
535
Current assets
Debtors
7
133,225
96,502
Cash at bank and in hand
225,985
234,707
----------
----------
359,210
331,209
Creditors: amounts falling due within one year
8
100,000
----------
----------
Net current assets
259,210
331,209
----------
----------
Total assets less current liabilities
259,664
331,744
----------
----------
Capital and reserves
Called up share capital
212
212
Profit and loss account
259,452
331,532
----------
----------
Shareholders funds
259,664
331,744
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MARMI HOMES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 26 January 2024 , and are signed on behalf of the board by:
C D Higgs
Director
Company registration number: 12092742
MARMI HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 38 West Station Industrial Estate, Spital Road, Maldon, England, CM9 6TS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertaking comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Office Equipment
£
Cost
At 1 October 2022 and 30 September 2023
729
----
Depreciation
At 1 October 2022
404
Charge for the year
81
----
At 30 September 2023
485
----
Carrying amount
At 30 September 2023
244
----
At 30 September 2022
325
----
6. Investments
Shares in group undertakings
£
Cost
At 1 October 2022 and 30 September 2023
210
----
Impairment
At 1 October 2022 and 30 September 2023
----
Carrying amount
At 30 September 2023
210
----
At 30 September 2022
210
----
The company owns 50% of the share capital of the following company registered in the UK.
Marmi Limited.
7. Debtors
2023
2022
£
£
Other debtors
133,225
96,502
----------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
100,000
----------
----
9. Employee numbers
The number of persons employed by the company in the year amounted to 2(2022:2).
10. Directors' advances, credits and guarantees
The directors operated a joint loan account with the company during the year. The balance at the year end was £133,223. There is no set date for repayment however the directors intend to clear the loan via dividend credits and cash repayments. Interest has been charged on the loan at 2.5%.
11. Controlling party
The company is controlled by its directors.