IRIS Accounts Production v24.3.0.553 04559629 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045596292023-03-31045596292024-03-31045596292023-04-012024-03-31045596292022-03-31045596292022-04-012023-03-31045596292023-03-3104559629ns15:EnglandWales2023-04-012024-03-3104559629ns14:PoundSterling2023-04-012024-03-3104559629ns10:Director12023-04-012024-03-3104559629ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104559629ns10:SmallEntities2023-04-012024-03-3104559629ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104559629ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104559629ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104559629ns10:FullAccounts2023-04-012024-03-3104559629ns10:CompanySecretary12023-04-012024-03-3104559629ns10:RegisteredOffice2023-04-012024-03-3104559629ns5:CurrentFinancialInstruments2024-03-3104559629ns5:CurrentFinancialInstruments2023-03-3104559629ns5:ShareCapital2024-03-3104559629ns5:ShareCapital2023-03-3104559629ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3104559629ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3104559629ns5:RetainedEarningsAccumulatedLosses2024-03-3104559629ns5:RetainedEarningsAccumulatedLosses2023-03-3104559629ns5:PlantMachinery2023-04-012024-03-3104559629ns5:MotorVehicles2023-04-012024-03-3104559629ns5:PlantMachinery2023-03-3104559629ns5:MotorVehicles2023-03-3104559629ns5:PlantMachinery2024-03-3104559629ns5:MotorVehicles2024-03-3104559629ns5:PlantMachinery2023-03-3104559629ns5:MotorVehicles2023-03-3104559629ns5:CostValuation2024-03-3104559629ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104559629ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104559629ns5:DeferredTaxation2023-03-3104559629ns5:DeferredTaxation2023-04-012024-03-3104559629ns5:DeferredTaxation2024-03-31045596291ns10:Director12023-03-31045596291ns10:Director12022-03-31045596291ns10:Director12023-04-012024-03-31045596291ns10:Director12022-04-012023-03-31045596291ns10:Director12024-03-31045596291ns10:Director12023-03-31
REGISTERED NUMBER: 04559629 (England and Wales)




















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: Mr A J White





SECRETARY: Mrs A Underhill





REGISTERED OFFICE: Woodlands
212 Staplegrove Road
Taunton
Somerset
TA2 6AL





REGISTERED NUMBER: 04559629 (England and Wales)

Marblehome Limited (Registered number: 04559629)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323,686 411,850
Investments 5 51 51
Investment property 6 1,275,000 1,275,000
1,598,737 1,686,901

CURRENT ASSETS
Stocks 33,651 27,715
Debtors 7 2,619,180 1,962,345
Investments 8 150,000 -
Cash at bank 63,913 467,496
2,866,744 2,457,556
CREDITORS
Amounts falling due within one year 9 189,535 89,010
NET CURRENT ASSETS 2,677,209 2,368,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,275,946

4,055,447

PROVISIONS FOR LIABILITIES 10 86,167 108,208
NET ASSETS 4,189,779 3,947,239

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 188,569 188,569
Retained earnings 4,000,210 3,757,670
SHAREHOLDERS' FUNDS 4,189,779 3,947,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 24 October 2024 and were signed by:




Mr A J White - Director


Marblehome Limited (Registered number: 04559629)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Marblehome 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts due during the year, exclusive of Value Added Tax.

Fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on straight line basis
Motor vehicles - 20% on straight line basis

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 302,702 307,947 610,649
Additions 42,000 - 42,000
Disposals (57,000 ) - (57,000 )
At 31 March 2024 287,702 307,947 595,649
DEPRECIATION
At 1 April 2023 119,707 79,092 198,799
Charge for year 62,574 61,590 124,164
Eliminated on disposal (51,000 ) - (51,000 )
At 31 March 2024 131,281 140,682 271,963
NET BOOK VALUE
At 31 March 2024 156,421 167,265 323,686
At 31 March 2023 182,995 228,855 411,850

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 51
NET BOOK VALUE
At 31 March 2024 51
At 31 March 2023 51

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,275,000
NET BOOK VALUE
At 31 March 2024 1,275,000
At 31 March 2023 1,275,000

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 52,265 60,330
Amounts owed by associates 1,728,000 1,720,000
Other debtors 222,838 160,000
Directors' current accounts 584,000 -
Prepayments and accrued income 32,077 22,015
2,619,180 1,962,345

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 150,000 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,162 20,068
Amounts owed to associates 80,000 -
Corporation tax 65,645 26,524
VAT 12,614 23,304
Other creditors 4,114 4,114
Directors' current accounts - 10,000
Accruals and deferred income 5,000 5,000
189,535 89,010

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 86,167 108,208

Deferred
tax
£   
Balance at 1 April 2023 108,208
Credit to Income Statement during year (22,041 )
Balance at 31 March 2024 86,167

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
£    £   
Mr A J White
Balance outstanding at start of year - -
Amounts advanced 584,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 584,000 -

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.