2023-10-012024-09-302024-09-30false14356843LA MARITXU 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LA MARITXU LTD

Registered Number
14356843
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

LA MARITXU LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

GOMEZ-ESCALONILLA GUIJARRO, Ignacio
LARRAGOITI FISHER, Lucia

Registered Address

C/O Amarillo Accounting Ltd Linley House
Dickinson Street
Manchester
M1 4LF

Registered Number

14356843 (England and Wales)
LA MARITXU LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid113113
Fixed assets
Intangible assets4283315
Tangible assets584,91211,009
85,19511,324
Current assets
Debtors6133,8074,940
Cash at bank and on hand320,35442,062
454,16147,002
Creditors amounts falling due within one year7(102,788)(3,882)
Net current assets (liabilities)351,48643,233
Total assets less current liabilities436,68154,557
Provisions for liabilities8(21,966)-
Net assets414,71554,557
Capital and reserves
Called up share capital113113
Share premium101,18698,228
Profit and loss account313,416(43,784)
Shareholders' funds414,71554,557
The financial statements were approved and authorised for issue by the Board of Directors on 20 March 2025, and are signed on its behalf by:
GOMEZ-ESCALONILLA GUIJARRO, Ignacio
Director
LARRAGOITI FISHER, Lucia
Director

Registered Company No. 14356843
LA MARITXU LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees
The average number of employees for the year was 18. This figure is based on the last four months of the financial year, reflecting the period when the company commenced full trading activities.

20242023
Average number of employees during the year181
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 October 23350350
At 30 September 24350350
Amortisation and impairment
At 01 October 233535
Charge for year3232
At 30 September 246767
Net book value
At 30 September 24283283
At 30 September 23315315
5.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 October 2313,761--13,761
Additions23,43016,49039,90679,826
At 30 September 2437,19116,49039,90693,587
Depreciation and impairment
At 01 October 232,752--2,752
Charge for year4,0551,0318375,923
At 30 September 246,8071,0318378,675
Net book value
At 30 September 2430,38415,45939,06984,912
At 30 September 2311,009--11,009
Included within Fixtures and Fittings is an amount of £10,040 relating to Leasehold Improvements, representing costs incurred for enhancements to the leased premises. These improvements are depreciated over the remaining lease term or their estimated useful life, whichever is shorter
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables24,047-
Other debtors109,7604,940
Total133,8074,940
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables35,5533,762
Bank borrowings and overdrafts791-
Taxation and social security65,106-
Other creditors1,217-
Accrued liabilities and deferred income121120
Total102,7883,882
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)21,966-
Total21,966-
9.Contingent liabilities
The company operates from leased premises under a tenancy agreement. The lease includes obligations for future rental payments, maintenance responsibilities, and potential dilapidation costs at the end of the lease term. At the reporting date, no provisions have been made in respect of these obligations, as the extent of any liability cannot be reliably estimated.
10.Controlling party
As at 12th of September 2024, following a restructuring, the company became a wholly owned subsidiary of BIBA Holdings Limited. The directors consider BIBA Holdings Ltd to be the ultimate controlling party.