REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Marblehome Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Marblehome Limited |
Marblehome Limited (Registered number: 04559629) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Marblehome Limited |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Marblehome Limited (Registered number: 04559629) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Investments | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 10 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Marblehome Limited (Registered number: 04559629) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Marblehome Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The turnover shown in the profit and loss account represents amounts due during the year, exclusive of Value Added Tax. |
Fixed assets |
Plant and machinery | - |
Motor vehicles | - |
All fixed assets are initially recorded at cost. |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Investment property |
Investment properties are initially recognised at cost and subsequently carried at fair value, determined annually by the Director who is not a professionally qualified valuer. Changes in fair values are recognised in the profit and loss. |
The investment properties are subject to renovations or improvements at regular intervals. The cost of major renovations and improvements are capitalised and the carrying amounts of the replaced components are recognised in the profit and loss. The cost of maintenance, repairs and minor improvements is recognised in the profit and loss when incurred. |
On disposal of an investment property, the difference between the disposal proceeds and the carrying amount is recognised in the profit or loss. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Marblehome Limited (Registered number: 04559629) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
The historical cost of the property investments is £1,081,187 with no accumulated depreciation. |
One of the properties, included at a cost of £262,956, is part of a joint venture and the value to the company represents the company's 50% share of the property. |
The property portfolio has been valued by the director Mr A J White who is not a professionally qualified valuer. |
Fair value at 31 March 2024 is represented by: |
£ |
Valuation in 2023 | 200,665 |
Cost | 1,074,335 |
1,275,000 |
Marblehome Limited (Registered number: 04559629) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
Directors' current accounts | 584,000 | - |
Prepayments and accrued income |
8. | CURRENT ASSET INVESTMENTS |
2024 | 2023 |
£ | £ |
Unlisted investments | 150,000 | - |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to associates | 80,000 | - |
Corporation tax |
VAT | 12,614 | 23,304 |
Other creditors |
Directors' current accounts | - | 10,000 |
Accruals and deferred income |
10. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 86,167 | 108,208 |
Deferred |
tax |
£ |
Balance at 1 April 2023 |
Credit to Income Statement during year | ( |
) |
Balance at 31 March 2024 |
The deferred taxation provision is calculated at 25% and comprises £80,923 in respect of the timing difference between depreciation charged in the accounts and capital allowances claimed and deferred tax provision on revalued properties of £5,244. |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The loan to the director will be repaid within 9 months of the year end. |
Marblehome Limited (Registered number: 04559629) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
12. | RELATED PARTY DISCLOSURES |
MRMU Property LLP |
Within other debtors there is a members capital loan amount of £1,608,000 (2023: £1,600,000) and a temporary loan of £120,000 (2023: £120,000) due from MRMU Property LLP to the company. The company owns 50% of MRMU Property LLP. |
MRMU HIE Ltd |
A company in which Mr A J White is also a director and shareholder. |
Within other debtors, there is a loan of £95,838 (2023:£150,000) due from the company to Marblehome Ltd. £30,000 has been repaid since the year end. |
MRMU (Backlands) Ltd |
A company in which Mr A J White is also a director and shareholder. |
Within other debtors, there is a loan of £10,000 (2023: £10,000) due from the company to Marblehome Ltd. |
Loadace Limited |
A company in which Mr A J White is also a director and shareholder. |
Within other debtors, there is a loan of £102,000 (2023: £Nil) due from Loadace Limited to the company. |
Management charges of £10,000 (2023: £10,000) were receivable in the year. |
Dawnhaze Limited |
A company in which Mr A J White is also a director. |
Management charges of £20,000 (2023: £20,000) were receivable in the year. |
Swanmore Estates Limited |
A company in which Marblehome Limited owns 50% of the share capital and Mr A J White is a director. |
Within creditors is a loan of £80,000 (2023: Nil) due to the company. This loan has been repaid since the year end. |