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REGISTERED NUMBER: 05330624 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st July 2024

for

Marblechip Limited

Marblechip Limited (Registered number: 05330624)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Marblechip Limited

Company Information
for the year ended 31st July 2024







DIRECTORS: S T Dixon
S Ciullo
S M Goodwin
M B Goodwin



SECRETARY: S Ciullo



REGISTERED OFFICE: Warren House
278 Bawtry Road
Doncaster
DN4 7PD



REGISTERED NUMBER: 05330624 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Handelsbanken
First Floor, Westcott House
Hesslewood Business Park
Ferriby Road
Hessle
HU13 OPF

Marblechip Limited (Registered number: 05330624)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,500,407 2,506,460
Investments 5 - 42,885
2,500,407 2,549,345

CURRENT ASSETS
Debtors 6 29,843 10,289
Cash at bank 176,136 702,864
205,979 713,153
CREDITORS
Amounts falling due within one year 7 161,077 171,674
NET CURRENT ASSETS 44,902 541,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,545,309

3,090,824

CREDITORS
Amounts falling due after more than one
year

8

-

(402,000

)

PROVISIONS FOR LIABILITIES (235,378 ) (236,777 )
NET ASSETS 2,309,931 2,452,047

CAPITAL AND RESERVES
Called up share capital 10 900 900
Fair value reserve 1,122,354 1,122,354
Retained earnings 1,186,677 1,328,793
SHAREHOLDERS' FUNDS 2,309,931 2,452,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

Marblechip Limited (Registered number: 05330624)

Balance Sheet - continued
31st July 2024


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 10th April 2025 and were signed on its behalf by:





S Ciullo - Director


Marblechip Limited (Registered number: 05330624)

Notes to the Financial Statements
for the year ended 31st July 2024

1. STATUTORY INFORMATION

Marblechip 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 10% on cost

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Marblechip Limited (Registered number: 05330624)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st August 2023
and 31st July 2024 2,500,000 314,104 2,814,104
DEPRECIATION
At 1st August 2023 - 307,644 307,644
Charge for year - 6,053 6,053
At 31st July 2024 - 313,697 313,697
NET BOOK VALUE
At 31st July 2024 2,500,000 407 2,500,407
At 31st July 2023 2,500,000 6,460 2,506,460

Cost or valuation at 31st July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 1,345,963 - 1,345,963
Cost 1,154,037 314,104 1,468,141
2,500,000 314,104 2,814,104

If Freehold Property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,154,037 1,154,037

Freehold Property was valued on an open market basis on 31st July 2023 by The Directors and it remains appropriate .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2023 42,885
Disposals (42,885 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 42,885

Marblechip Limited (Registered number: 05330624)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,772 2,433
Prepayments and accrued income 9,071 7,856
29,843 10,289

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 49,000
Taxation 70,725 53,449
Social security and other taxes 28,708 23,690
Accruals and deferred income 61,644 45,535
161,077 171,674

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 402,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 451,000

The bank loan is secured by way of a debenture creating a first legal charge over the property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
900 Ordinary £1 900 900

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Marblechip Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marblechip Limited for the year ended 31st July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Marblechip Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marblechip Limited and state those matters that we have agreed to state to the Board of Directors of Marblechip Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marblechip Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marblechip Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marblechip Limited. You consider that Marblechip Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marblechip Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


10th April 2025