Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC196352 2023-04-01 2024-03-31 SC196352 2022-04-01 2023-03-31 SC196352 2024-03-31 SC196352 2023-03-31 SC196352 c:CompanySecretary1 2023-04-01 2024-03-31 SC196352 c:Director1 2023-04-01 2024-03-31 SC196352 c:Director2 2023-04-01 2024-03-31 SC196352 c:RegisteredOffice 2023-04-01 2024-03-31 SC196352 d:FurnitureFittings 2023-04-01 2024-03-31 SC196352 d:FurnitureFittings 2024-03-31 SC196352 d:FurnitureFittings 2023-03-31 SC196352 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC196352 d:Goodwill 2024-03-31 SC196352 d:Goodwill 2023-03-31 SC196352 d:FreeholdInvestmentProperty 2024-03-31 SC196352 d:FreeholdInvestmentProperty 2023-03-31 SC196352 d:CurrentFinancialInstruments 2024-03-31 SC196352 d:CurrentFinancialInstruments 2023-03-31 SC196352 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC196352 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC196352 d:ShareCapital 2024-03-31 SC196352 d:ShareCapital 2023-03-31 SC196352 d:RevaluationReserve 2023-04-01 2024-03-31 SC196352 d:RevaluationReserve 2024-03-31 SC196352 d:RevaluationReserve 2023-03-31 SC196352 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 SC196352 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC196352 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC196352 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC196352 c:OrdinaryShareClass1 2024-03-31 SC196352 c:OrdinaryShareClass1 2023-03-31 SC196352 c:FRS102 2023-04-01 2024-03-31 SC196352 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC196352 c:FullAccounts 2023-04-01 2024-03-31 SC196352 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC196352 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC196352










MARIANA LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
MARIANA LIMITED
 

COMPANY INFORMATION


Directors
Giuseppe Pia 
Margherita Pia 




Company secretary
Margherita Pia



Registered number
SC196352



Registered office
4b Morningside Place

Edinburgh

EH10 5ER




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
MARIANA LIMITED
REGISTERED NUMBER: SC196352

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 5 
768
853

Investment property
 6 
150,000
150,000

  
150,768
150,853

Current assets
  

Cash at bank and in hand
  
4,895
8,149

  
4,895
8,149

Creditors: amounts falling due within one year
 7 
(4,646)
(4,582)

Net current assets
  
 
 
249
 
 
3,567

Total assets less current liabilities
  
151,017
154,420

Provisions for liabilities
  

Deferred tax
  
(11,147)
(11,163)

  
 
 
(11,147)
 
 
(11,163)

Net assets
  
139,870
143,257


Capital and reserves
  

Called up share capital 
 8 
2
2

Revaluation reserve
 9 
47,593
47,593

Profit and loss account
 9 
92,275
95,662

  
139,870
143,257


Page 1

 
MARIANA LIMITED
REGISTERED NUMBER: SC196352

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 statement of income and retained earnings 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 on 31 October 2024.




Margherita Pia
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MARIANA LIMITED
 

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

1.


General information

Mariana Limited is limited by shares and incorporated in Scotland with registration number SC196352. The address of the registered office is 4b Morningside Place, Edinburgh, EH10 5ER.
The financial statements are presented in Sterling which is the functional currency of the Company and 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and rebates.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
MARIANA LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirers interest in the fair value of it identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of financial position over its useful economic life. 
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
10%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of income and retained earnings.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MARIANA LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
MARIANA LIMITED
 

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

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
43,000



At 31 March 2024

43,000



Amortisation


At 1 April 2023
43,000



At 31 March 2024

43,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 6

 
MARIANA LIMITED
 

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

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
14,900



At 31 March 2024

14,900



Depreciation


At 1 April 2023
14,047


Charge for the year on owned assets
85



At 31 March 2024

14,132



Net book value



At 31 March 2024
768



At 31 March 2023
853


6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
150,000



At 31 March 2024
150,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
92,098
92,098

Page 7

 
MARIANA LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
2,846
2,782

Accruals and deferred income
1,800
1,800

4,646
4,582



8.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



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


Each share has equal voting rights, equal rights to dividend, equal rights to capital distributions and no redemption rights. 


9.


Reserves

Revaluation reserve

The revaluation reserve represents gains in the valuation of the investment property, net of deferred tax and other adjustments.

Profit and loss account

The profit and loss account represents cumulative profits and losses, net of dividends paid and other adjustments.


Page 8