Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-013falseprovision of investment advisory services3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12872145 2023-04-01 2024-03-31 12872145 2022-04-01 2023-03-31 12872145 2024-03-31 12872145 2023-03-31 12872145 c:Director1 2023-04-01 2024-03-31 12872145 c:Director1 2024-03-31 12872145 c:Director2 2023-04-01 2024-03-31 12872145 c:Director2 2024-03-31 12872145 c:Director3 2023-04-01 2024-03-31 12872145 c:RegisteredOffice 2023-04-01 2024-03-31 12872145 d:CurrentFinancialInstruments 2024-03-31 12872145 d:CurrentFinancialInstruments 2023-03-31 12872145 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12872145 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12872145 d:ShareCapital 2024-03-31 12872145 d:ShareCapital 2023-03-31 12872145 d:RetainedEarningsAccumulatedLosses 2024-03-31 12872145 d:RetainedEarningsAccumulatedLosses 2023-03-31 12872145 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12872145 c:OrdinaryShareClass1 2024-03-31 12872145 c:OrdinaryShareClass1 2023-03-31 12872145 c:FRS102 2023-04-01 2024-03-31 12872145 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12872145 c:FullAccounts 2023-04-01 2024-03-31 12872145 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12872145 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 12872145












MARBLE ARCH CAPITAL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 

MARBLE ARCH CAPITAL LTD

CONTENTS



Page
Company information
 
1
Balance sheet
 
2
Notes to the financial statements
 
3 - 6


 

MARBLE ARCH CAPITAL LTD
 
COMPANY INFORMATION


Directors
Salman Haq (resigned 7 June 2024)
David Kotler (resigned 7 June 2024)
Haroun Van Hovell 




Registered number
12872145



Registered office
83 Belsize Lane

London

NW3 5AU




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:12872145
MARBLE ARCH CAPITAL LTD

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
902
8,671

Cash at bank and in hand
  
1,949
1,282

  
2,851
9,953

Creditors: amounts falling due within one year
 5 
(58,270)
(56,488)

Net current liabilities
  
 
 
(55,419)
 
 
(46,535)

  

Net liabilities
  
(55,419)
(46,535)


Capital and reserves
  

Called up share capital 
 6 
2
2

Profit and loss account
  
(55,421)
(46,537)

Net deficit
  
(55,419)
(46,535)


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 profit and loss account 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: 




Haroun Van Hovell
Director

Date: 23 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 

MARBLE ARCH CAPITAL LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Marble Arch Capital Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 83 Belsize Lane, London, NW3 5AU.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The directors consider this basis to be appropriate as the company has sufficient facilities available from its shareholders to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved.

 
2.3

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.


2.4

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Page 3

 

MARBLE ARCH CAPITAL LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)





Financial instruments (continued)

Financial assets
Basic financial assets, including other debtors and bank balances, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 4

 

MARBLE ARCH CAPITAL LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
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) despite having retained some significant risks and rewards of ownership, 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. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

  
2.5

Share capital

Ordinary shares are classified as equity.

 
2.6

Current and deferred tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


Page 5

 

MARBLE ARCH CAPITAL LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees



The average monthly number of employees, including directors, during the year was 3 (2023 -3).


4.


Debtors

2024
2023
£
£


Other debtors
902
8,671



5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
3,420
2,001

Other creditors
52,000
51,987

Accruals
2,850
2,500

58,270
56,488



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 -2) Ordinary shares of £1.00 each
2
2


 
Page 6