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REGISTERED NUMBER: 14950053 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 JUNE 2023 TO 30 JUNE 2024

FOR

MARINO GROUP LTD

MARINO GROUP LTD (REGISTERED NUMBER: 14950053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 JUNE 2023 TO 30 JUNE 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


MARINO GROUP LTD (REGISTERED NUMBER: 14950053)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

Notes £    £   
FIXED ASSETS
Investments 4 100

CURRENT ASSETS
Cash at bank and in hand 150,120

CREDITORS
Amounts falling due within one year 5 76,495
NET CURRENT ASSETS 73,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,725

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings 73,525
SHAREHOLDERS' FUNDS 73,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Mr A Schifano - Director


MARINO GROUP LTD (REGISTERED NUMBER: 14950053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 JUNE 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

Marino Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14950053

Registered office: 1 Kings Avenue
London
N21 3NA

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.

Preparation of consolidated financial statements
The financial statements contain information about Marino Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Investments in subsidiaries
Investments held in subsidiaries and associates are recognised at cost less impairment.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

MARINO GROUP LTD (REGISTERED NUMBER: 14950053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JUNE 2023 TO 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 595
Amounts owed to group undertakings 73,700
Other creditors 2,200
76,495

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other creditors due within one year is an amount of £700 due to the directors of the company. Interest at the rate of 2.25% per annum has been charged on the overdrawn balance during the period. The loan was repayable on demand.