Silverfin false false 31/05/2024 01/06/2023 31/05/2024 G A Cook 02/09/2024 B Elston 02/09/2024 01/11/2019 G R J Field 07/05/2014 J C Paton 02/09/2024 N J Pilkington 02/09/2024 24/09/2018 A J H Scott 02/09/2024 24/09/2018 07 February 2025 The principal activity of the Company in the year under review was that of a marketing affiliate. 09027730 2024-05-31 09027730 bus:Director1 2024-05-31 09027730 bus:Director2 2024-05-31 09027730 bus:Director3 2024-05-31 09027730 bus:Director4 2024-05-31 09027730 bus:Director5 2024-05-31 09027730 bus:Director6 2024-05-31 09027730 2023-05-31 09027730 core:CurrentFinancialInstruments 2024-05-31 09027730 core:CurrentFinancialInstruments 2023-05-31 09027730 core:Non-currentFinancialInstruments 2024-05-31 09027730 core:Non-currentFinancialInstruments 2023-05-31 09027730 core:ShareCapital 2024-05-31 09027730 core:ShareCapital 2023-05-31 09027730 core:SharePremium 2024-05-31 09027730 core:SharePremium 2023-05-31 09027730 core:RetainedEarningsAccumulatedLosses 2024-05-31 09027730 core:RetainedEarningsAccumulatedLosses 2023-05-31 09027730 core:OtherPropertyPlantEquipment 2023-05-31 09027730 core:OtherPropertyPlantEquipment 2024-05-31 09027730 core:ImmediateParent core:CurrentFinancialInstruments 2024-05-31 09027730 core:ImmediateParent core:CurrentFinancialInstruments 2023-05-31 09027730 2022-05-31 09027730 2023-06-01 2024-05-31 09027730 bus:FilletedAccounts 2023-06-01 2024-05-31 09027730 bus:SmallEntities 2023-06-01 2024-05-31 09027730 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09027730 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09027730 bus:Director1 2023-06-01 2024-05-31 09027730 bus:Director2 2023-06-01 2024-05-31 09027730 bus:Director3 2023-06-01 2024-05-31 09027730 bus:Director4 2023-06-01 2024-05-31 09027730 bus:Director5 2023-06-01 2024-05-31 09027730 bus:Director6 2023-06-01 2024-05-31 09027730 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 09027730 2022-06-01 2023-05-31 09027730 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 09027730 1 2023-06-01 2024-05-31 09027730 1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 09027730 (England and Wales)

WHITE MARBLE CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

WHITE MARBLE CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

WHITE MARBLE CONSULTING LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2024
WHITE MARBLE CONSULTING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS G A Cook (Appointed 02 September 2024)
B Elston (Resigned 02 September 2024)
G R J Field
J C Paton (Appointed 02 September 2024)
N J Pilkington (Resigned 02 September 2024)
A J H Scott (Resigned 02 September 2024)
REGISTERED OFFICE 60 Gresham Street
London
EC2V 7BB
London
United Kingdom
COMPANY NUMBER 09027730 (England and Wales)
ACCOUNTANT Evelyn Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
WHITE MARBLE CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
WHITE MARBLE CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 27,605 34,261
27,605 34,261
Current assets
Debtors 4 684,721 491,820
Cash at bank and in hand 30,498 419,901
715,219 911,721
Creditors: amounts falling due within one year 5 ( 327,228) ( 541,903)
Net current assets 387,991 369,818
Total assets less current liabilities 415,596 404,079
Creditors: amounts falling due after more than one year 6 ( 52,000) ( 102,950)
Provision for liabilities 7 ( 5,310) ( 7,146)
Net assets 358,286 293,983
Capital and reserves
Called-up share capital 229 229
Share premium account 2,197 2,197
Profit and loss account 355,860 291,557
Total shareholder's funds 358,286 293,983

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of White Marble Consulting Limited (registered number: 09027730) were approved and authorised for issue by the Board of Directors on 07 February 2025. They were signed on its behalf by:

G A Cook
Director
WHITE MARBLE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
WHITE MARBLE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

White Marble Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 60 Gresham Street, London, EC2V 7BB, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of White Marble Consulting Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

The Company's functional and presentational currency is GBP.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 23 22

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2023 62,896 62,896
Additions 2,082 2,082
At 31 May 2024 64,978 64,978
Accumulated depreciation
At 01 June 2023 28,635 28,635
Charge for the financial year 8,738 8,738
At 31 May 2024 37,373 37,373
Net book value
At 31 May 2024 27,605 27,605
At 31 May 2023 34,261 34,261

4. Debtors

2024 2023
£ £
Trade debtors 219,711 413,643
Amounts owed by Group undertakings 390,924 0
Amounts owed by Parent undertakings 7,730 6,980
Other debtors 66,356 71,197
684,721 491,820

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 48,000 48,000
Trade creditors 71,305 73,185
Amounts owed to Group undertakings 0 94,293
Taxation and social security 111,753 139,772
Other creditors 96,170 186,653
327,228 541,903

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 52,000 100,000
Other creditors 0 2,950
52,000 102,950

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 7,146) ( 8,100)
Credited to the Statement of Income and Retained Earnings 1,836 954
At the end of financial year ( 5,310) ( 7,146)

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 213,840 29,700

The company has operating lease commitments in respect a rental agreement with WeWork. The agreement runs to 30 November 2025.

9. Events after the Balance Sheet date

After the year-end, the parent company completed on a sale of its share capital to Alpha Financial Markets Consulting Group Limited. The completion of this deal does not impact on the company's ability to trade and continue as a going concern.

10. Ultimate controlling party

Parent Company:

White Marble Group Limited
60 Gresham Street, London, United Kingdom, EC2V 7BB

The ultimate controlling party is Alpha Financial Markets Consulting Group Limited by virtue of its holding in the parent entity.