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Registration number: 14289165

Marrabio Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Marrabio Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Marrabio Limited

Company Information

Directors

Dr D.T. Peters

Dr H. Waller

A.B. Courtney

Prof J.H. Lakey

Registered office

Sandgate House
102 Quayside
Newcastle upon Tyne
Tyne and Wear
NE1 3DX

Solicitors

Ward Hadaway LLP
Sandgate House
102 Quayside
Newcastle upon Tyne
Tyne and Wear
NE1 3DX

Accountants

23 MR Limited
23 Morwick Road
Warkworth
Morpeth
Northumberland
NE65 0TG

Tax Advisors

Clive Owen LLP
Kepier House
Belmont Business Park
Durham
DH1 1TW

 

Marrabio Limited

(Registration number: 14289165)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

46,261

60,173

Current assets

 

Debtors

5

76,083

41,048

Cash at bank and in hand

 

132,810

288,745

 

208,893

329,793

Creditors: Amounts falling due within one year

6

(30,460)

(19,084)

Net current assets

 

178,433

310,709

Net assets

 

224,694

370,882

Capital and reserves

 

Called up share capital

14

14

Share premium reserve

499,995

499,995

Retained earnings

(275,315)

(129,127)

Shareholders' funds

 

224,694

370,882

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 June 2025 and signed on its behalf by:
 

.........................................
A.B. Courtney
Director

 

Marrabio Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sandgate House
102 Quayside
Newcastle upon Tyne
Tyne and Wear
NE1 3DX

These financial statements were authorised for issue by the Board on 18 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Marrabio Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Plant and machinery

20% Straight Line

Computer Equipment

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 6).

 

Marrabio Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

63,155

3,843

66,998

At 31 March 2025

63,155

3,843

66,998

Depreciation

At 1 April 2024

6,315

509

6,824

Charge for the year

12,632

1,281

13,913

At 31 March 2025

18,947

1,790

20,737

Carrying amount

At 31 March 2025

44,208

2,053

46,261

At 31 March 2024

56,839

3,334

60,173

5

Debtors

2025
£

2024
£

Prepayments

1,566

1,188

Other debtors

74,517

39,860

76,083

41,048

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

21,422

7,705

Taxation and social security

3,732

7,287

Accruals and deferred income

4,045

3,000

Other creditors

1,261

1,092

30,460

19,084