Marabese Ceramics Holdings Limited 13947071 false 2022-03-01 2023-03-31 2023-03-31 The principal activity of the company is is a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true true 13947071 2022-03-01 2023-03-31 13947071 2023-03-31 13947071 bus:Director1 2023-03-31 13947071 bus:Director2 2023-03-31 13947071 bus:Revised 2023-03-31 13947071 core:RetainedEarningsAccumulatedLosses 2023-03-31 13947071 core:ShareCapital 2023-03-31 13947071 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13947071 core:AdditionsToInvestments 2023-03-31 13947071 bus:SmallEntities 2022-03-01 2023-03-31 13947071 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-03-31 13947071 bus:FullAccounts 2022-03-01 2023-03-31 13947071 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-03-31 13947071 bus:RegisteredOffice 2022-03-01 2023-03-31 13947071 bus:Director1 2022-03-01 2023-03-31 13947071 bus:Director2 2022-03-01 2023-03-31 13947071 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-03-31 13947071 bus:Agent1 2022-03-01 2023-03-31 13947071 core:Subsidiary1 2022-03-01 2023-03-31 13947071 core:Subsidiary1 1 2022-03-01 2023-03-31 13947071 core:Subsidiary1 countries:UnitedKingdom 2022-03-01 2023-03-31 13947071 countries:UnitedKingdom 2022-03-01 2023-03-31 iso4217:GBP xbrli:pure

FINANCIAL PERIOD DATA REFRESH REQUIRED
Select the Refresh button on the Summary or Disclosure tab

Registration number: 13947071

Marabese Ceramics Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 March 2022 to 31 March 2023

 

Marabese Ceramics Holdings Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Notes to the Unaudited Financial Statements

7 to 9

 

Marabese Ceramics Holdings Limited

Company Information

Directors

Mr Romano Marabese

Mr Lucio Jnr Marabese

Registered office

Unit 5, Windsor Road
Bedford
Bedfordshire
MK42 9HW

Accountants

BBK Accountants BMM Ltd
Chartered Certified Accountants
4A Roman Road
London
E6 3RX

 

Marabese Ceramics Holdings Limited

Directors' Report for the Period from 1 March 2022 to 31 March 2023

The directors present their report and the financial statements for the period from 1 March 2022 to 31 March 2023.

Incorporation

The company was incorporated on 1 March 2022.

Directors of the company

The directors who held office during the period were as follows:

Mr Romano Marabese (appointed 1 March 2022)

Mr Lucio Jnr Marabese (appointed 1 March 2022)

Principal activity

The principal activity of the company is is a holding company.

Small companies provision statement

This report has 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 Board on 1 March 2024 and signed on its behalf by:
 

.........................................
Mr Romano Marabese
Director

.........................................
Mr Lucio Jnr Marabese
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Marabese Ceramics Holdings Limited
for the Period Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marabese Ceramics Holdings Limited for the period ended 31 March 2023 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Marabese Ceramics Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Marabese Ceramics Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Marabese Ceramics Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marabese Ceramics Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Marabese Ceramics Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Marabese Ceramics Holdings Limited. You consider that Marabese Ceramics Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Marabese Ceramics Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

BBK Accountants BMM Ltd
Chartered Certified Accountants
4A Roman Road
London
E6 3RX

1 March 2024

 

Marabese Ceramics Holdings Limited

Profit and Loss Account for the Period from 1 March 2022 to 31 March 2023

Note

2023
£

Turnover

 

-

Gross profit/(loss)

 

-

Administrative expenses

 

(574)

Operating loss

 

(574)

Loss before tax

(574)

Loss for the financial period

 

(574)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Marabese Ceramics Holdings Limited

Statement of Comprehensive Income for the Period from 1 March 2022 to 31 March 2023

2023
£

Loss for the period

(574)

Total comprehensive income for the period

(574)

 

Marabese Ceramics Holdings Limited

(Registration number: 13947071)
Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Investments

4

1,557,180

Current assets

 

Cash at bank and in hand

 

3,419

Creditors: Amounts falling due within one year

5

(1,561,073)

Net current liabilities

 

(1,557,654)

Net liabilities

 

(474)

Capital and reserves

 

Called up share capital

100

Retained earnings

(574)

Shareholders' deficit

 

(474)

For the financial period ending 31 March 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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 Board on 1 March 2024 and signed on its behalf by:
 

.........................................
Mr Romano Marabese
Director

.........................................
Mr Lucio Jnr Marabese
Director

 

Marabese Ceramics Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2022 to 31 March 2023

1

General information

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

The address of its registered office is:
Unit 5, Windsor Road
Bedford
Bedfordshire
MK42 9HW
England

These financial statements were authorised for issue by the Board on 1 March 2024.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Marabese Ceramics Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2022 to 31 March 2023

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 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Investments

2023
£

Investments in subsidiaries

1,557,180

Subsidiaries

£

Cost or valuation

Additions

1,557,180

Provision

Carrying amount

At 31 March 2023

1,557,180

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Marabese Ceramics Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2022 to 31 March 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

Subsidiary undertakings

Marabese Ceramics Limited

Unit 5 Windsor Road
Bedford
Bedfordshire MK42 9HW

United Kingdom

Ordinary Shares

100%

Subsidiary undertakings

Marabese Ceramics Limited

The principal activity of Marabese Ceramics Limited is Retail of Tiles, bathrooms and kitchens. The loss for the financial period of Marabese Ceramics Limited was £120,494 and the aggregate amount of capital and reserves at the end of the period was £(15,432).

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

223,500

Accruals and deferred income

 

493

Other creditors

 

1,337,080

 

1,561,073