Registered number
14749715
Euromarble Investments Ltd
Filleted Accounts
31 March 2024
Euromarble Investments Ltd
Registered number: 14749715
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 6,278,392
Current assets
Cash at bank and in hand 14,571
Creditors: amounts falling due within one year 4 (23,027)
Net current liabilities (8,456)
Total assets less current liabilities 6,269,936
Creditors: amounts falling due after more than one year 5 (6,232,327)
Net assets 37,609
Capital and reserves
Called up share capital 100
Profit and loss account 37,509
Shareholders' funds 37,609
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Paul Mouis
Director
Approved by the board on 10 October 2024
Euromarble Investments Ltd
Notes to the Accounts
for the period from 10 April 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% on reducing balance menthod
Investments in properties
Investments properties for which fair value can be measured reliably, without undue cost or effort, are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss. No depreciation is provided.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 6,270,112 11,040 6,281,152
At 31 March 2024 6,270,112 11,040 6,281,152
Depreciation
Charge for the period - 2,760 2,760
At 31 March 2024 - 2,760 2,760
Net book value
At 31 March 2024 6,270,112 8,280 6,278,392
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 12,227
Other creditors 2,750
23,027
5 Creditors: amounts falling due after one year 2024
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest 6,232,327
6 Related party transactions
The company is a wholly owned subsidiary of Euromarble Ltd. As stated in note 5 intercompany balance at the year end was £6,232,327. No interest is charged. The compay is renting premises to its parent company. The rent for the year was £40,000.
At the balance sheet date £1,250 was due to the director from the company.
7 Controlling party
The intermediate controlling party is Euromarble Ltd, a company registered in England. There is no ultimate controlling party in Euromarble Ltd.
8 Other information
Euromarble Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
57 Park View
Lonon
N21 1S
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