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REGISTERED NUMBER: 12784861 (England and Wales)















Marbell Group Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023






Marbell Group Limited (Registered number: 12784861)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Marbell Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M R Bhatti
Mrs N A Bhatti





REGISTERED OFFICE: Beckett House
14 Billing Road
Northamtpon
NN1 5AW





REGISTERED NUMBER: 12784861 (England and Wales)





ACCOUNTANTS: Vanmali & Co Ltd
Chartered Certified Accountants
25A High Street
Daventry
Northamptonshire
NN11 4BG

Marbell Group Limited (Registered number: 12784861)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,240,341 455

CURRENT ASSETS
Debtors 387,452 35,866
Cash at bank 29,494 5,851
416,946 41,717
CREDITORS
Amounts falling due within one year 6,015,383 38,902
NET CURRENT (LIABILITIES)/ASSETS (5,598,437 ) 2,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,904

3,270

CREDITORS
Amounts falling due after more than one
year

5

636,176

-
NET ASSETS 5,728 3,270

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,628 3,170
SHAREHOLDERS' FUNDS 5,728 3,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Marbell Group Limited (Registered number: 12784861)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2023 and were signed on its behalf by:





Mr M R Bhatti - Director


Marbell Group Limited (Registered number: 12784861)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Marbell Group 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Marbell Group Limited (Registered number: 12784861)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Land and buildings
Land and buildings are held as investment property and are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is recognized as profit or loss in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 569
Additions 6,240,000
At 31 March 2023 6,240,569
DEPRECIATION
At 1 April 2022 114
Charge for year 114
At 31 March 2023 228
NET BOOK VALUE
At 31 March 2023 6,240,341
At 31 March 2022 455

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 390,360 -

6. RELATED PARTY DISCLOSURES

The subsidiary's Holding Company Elsevier transferred Freehold Property of the value £6,240,000 at its book value, hence no profit or loss arising on the transaction.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Elsevier Group Ltd.

The immediate and ultimate parent undertaking is Elsevier Group Ltd, which is incorporated in England and Wales. The registered office of Elsevier Group Ltd is 69b Kettering Road, Northampton, NN14AW.