Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-03-01falseNo description of principal activity22true 10630627 2022-03-01 2023-02-28 10630627 2021-03-01 2022-02-28 10630627 2023-02-28 10630627 2022-02-28 10630627 c:Director1 2022-03-01 2023-02-28 10630627 d:CurrentFinancialInstruments 2023-02-28 10630627 d:CurrentFinancialInstruments 2022-02-28 10630627 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10630627 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10630627 d:ShareCapital 2023-02-28 10630627 d:ShareCapital 2022-02-28 10630627 d:RetainedEarningsAccumulatedLosses 2023-02-28 10630627 d:RetainedEarningsAccumulatedLosses 2022-02-28 10630627 c:FRS102 2022-03-01 2023-02-28 10630627 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10630627 c:FullAccounts 2022-03-01 2023-02-28 10630627 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10630627 6 2022-03-01 2023-02-28 10630627 e:PoundSterling 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 10630627









MARHABA INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
MARHABA INVESTMENTS LTD
REGISTERED NUMBER: 10630627

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,565,627
1,579,235

  
1,565,627
1,579,235

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,254

Cash at bank and in hand
 6 
255,536
291,549

  
255,536
292,803

Creditors: amounts falling due within one year
 7 
(1,610,778)
(1,643,225)

Net current liabilities
  
 
 
(1,355,242)
 
 
(1,350,422)

Total assets less current liabilities
  
210,385
228,813

  

Net assets
  
210,385
228,813


Capital and reserves
  

Called up share capital 
  
98
98

Profit and loss account
  
210,287
228,715

  
210,385
228,813


Page 1

 
MARHABA INVESTMENTS LTD
REGISTERED NUMBER: 10630627
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J G K Borrett
Director

Date: 23 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MARHABA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Marhaba Investments Limited is a private company limited by shares and incorporated in England (Registered number 10630627). The registered office address is 101 New Cavendish Street, London, W1W 6XH. 
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
MARHABA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Listed investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 March 2022
1,549,235
30,000
1,579,235


Additions
401,238
24,508
425,746


Disposals
(410,214)
-
(410,214)


Revaluations
(29,140)
-
(29,140)



At 28 February 2023
1,511,119
54,508
1,565,627





5.


Debtors

2023
2022
£
£


Prepayments and accrued income
-
1,254

-
1,254


Page 4

 
MARHABA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
255,536
291,549

255,536
291,549



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
3,473

Other creditors
1,608,678
1,637,652

Accruals and deferred income
2,100
2,100

1,610,778
1,643,225


 
Page 5