Marble Communications Group Ltd

	Page
Directors' Report	1
Consolidated Profit and Loss Account	2
Consolidated Balance Sheet	3—4
Company Balance Sheet	5
Notes to the Financial Statements	6—11

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors

The directors who held office during the year were as follows:

Mr Edward Watt

Mr Robert Parry

Mrs Emily Rose Perez-Fragero

Mr Darren Haskell-Thomas

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has 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.

On behalf of the board

Mr Edward Watt

Director

25/09/2025

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Marble Communications Group Ltd

Consolidated Profit and Loss Account

For The Year Ended 31 December 2024

Consolidated Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER		9,564,009	5,793,431
Cost of sales		(5,823,346 )	(2,610,497 )

GROSS PROFIT		3,740,663	3,182,934

Administrative expenses		(3,195,242 )	(2,768,681 )

OPERATING PROFIT		545,421	414,253
Income from participating interests		-	100,000
Loss on disposal of fixed assets		-	(1,801 )
Other interest receivable and similar income		1,233	108
Interest payable and similar charges		(116,291 )	(64,185 )

PROFIT BEFORE TAXATION		430,363	448,375
Tax on Profit		(128,905 )	28,604

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		301,458	476,979

The notes on pages 6 to 11 form part of these financial statements.

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Marble Communications Group Ltd

Consolidated Balance Sheet

As At 31 December 2024

Consolidated Balance Sheet

Registered number: 11158461

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		143,595		187,156
Tangible Assets	5		150,167		28,163
Investments	6		201		201

			293,963		215,520
CURRENT ASSETS
Stocks	7	29,714		12,135
Debtors	8	3,557,159		1,779,963
Cash at bank and in hand		-		106,863

		3,586,873		1,898,961
Creditors: Amounts Falling Due Within One Year	9	(3,414,991 )		(1,992,287 )

NET CURRENT ASSETS (LIABILITIES)			171,882		(93,326 )

TOTAL ASSETS LESS CURRENT LIABILITIES			465,845		122,194

Creditors: Amounts Falling Due After More Than One Year	10		(403,607 )		(100,000 )

NET ASSETS			62,238		22,194

CAPITAL AND RESERVES
Called up share capital	11		50,199		50,199
Profit and Loss Account			12,039		(28,005 )

SHAREHOLDERS' FUNDS			62,238		22,194

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Marble Communications Group Ltd

Consolidated Balance Sheet (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Edward Watt

Director

25/09/2025

The notes on pages 6 to 11 form part of these financial statements.

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Marble Communications Group Ltd

Company Balance Sheet

As At 31 December 2024

Company Balance Sheet

Registered number: 11158461

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	6		50,501		50,501

			50,501		50,501
CURRENT ASSETS
Cash at bank and in hand		100		100

		100		100
Creditors: Amounts Falling Due Within One Year	9	(1,598 )		(1,900 )

NET CURRENT ASSETS (LIABILITIES)			(1,498 )		(1,800 )

TOTAL ASSETS LESS CURRENT LIABILITIES			49,003		48,701

NET ASSETS			49,003		48,701

CAPITAL AND RESERVES
Called up share capital	11		50,199		50,199
Profit and Loss Account			(1,196 )		(1,498 )

SHAREHOLDERS' FUNDS			49,003		48,701

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's profit for the year was £ 302 (2023: £ 490 profit).

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Edward Watt

Director

25/09/2025

The notes on pages 6 to 11 form part of these financial statements.

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Marble Communications Group Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Marble Communications Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11158461 . The registered office is 2nd Floor, 17-19 Foley Street, London, W1W 6DW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and two of its subsidiaries undertakings together with the group’s share of the results of associates made up to 31 December 2024.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

As the consolidation is a voluntary one only the two trading companies have been consolidated. These being Marble Endeavour Ltd and Marble Private Ltd.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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Marble Communications Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the excess of the cost of a business combination over the fair value of the group’s share of the identifiable net assets, liabilities and contingent liabilities acquired.

Goodwill arising on the acquisition of subsidiaries is included in Intangible Assets. Goodwill arising on the acquisition of associates and joint ventures is included in the related equity accounted investment value.

Goodwill is amortised over its expected useful life which is estimated to be .... years.

Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the profit and loss account. No reversals of impairment are recognised.

2.6. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.7. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	15 years
Plant & Machinery	33% SL Method
Motor Vehicles	25% SL Method
Fixtures & Fittings	2 years
Computer Equipment	33% SL Method

2.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.9. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Marble Communications Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Group

Average number of employees, including directors, during the year was: 37 (2023: 36)

Company

Average number of employees, including directors, during the year was: 4 (2023: 4)

4. Intangible Assets

Group

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 January 2024	186,814	45,989	232,803

As at 31 December 2024	186,814	45,989	232,803

Amortisation
As at 1 January 2024	39,863	5,784	45,647
Provided during the period	34,363	9,198	43,561

As at 31 December 2024	74,226	14,982	89,208

Net Book Value
As at 31 December 2024	112,588	31,007	143,595

As at 1 January 2024	146,951	40,205	187,156

Company

The company had no intangible fixed assets as at 31 December 2024 or 31 December 2023.

5. Tangible Assets

Group

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 January 2024	-	20,000	-	8,363
Additions	125,000	-	10,200	-
Revaluation	-	-	-	-

As at 31 December 2024	125,000	20,000	10,200	8,363

Depreciation
As at 1 January 2024	-	18,700	-	2,788
Provided during the period	5,556	1,300	2,125	2,787
On revaluations	-	-	-	-

As at 31 December 2024	5,556	20,000	2,125	5,575

Net Book Value
As at 31 December 2024	119,444	-	8,075	2,788

As at 1 January 2024	-	1,300	-	5,575

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Marble Communications Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 January 2024	30,674	59,037
Additions	8,383	143,583
Revaluation	(930 )	(930 )

As at 31 December 2024	38,127	201,690

Depreciation
As at 1 January 2024	9,386	30,874
Provided during the period	9,114	20,882
On revaluations	(233 )	(233 )

As at 31 December 2024	18,267	51,523

Net Book Value
As at 31 December 2024	19,860	150,167

As at 1 January 2024	21,288	28,163

Company

The company had no tangible fixed assets as at 31 December 2024 or 31 December 2023.

6. Investments

Group

	Subsidiaries
	£
Cost
As at 1 January 2024	201

As at 31 December 2024	201

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	201

As at 1 January 2024	201

Company

	Subsidiaries
	£
Cost
As at 1 January 2024	50,501

As at 31 December 2024	50,501

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

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Marble Communications Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	50,501

As at 1 January 2024	50,501

7. Stocks

	2024	2023
	£	£
Stock	29,714	12,135

8. Debtors

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Due within one year
Trade debtors	2,330,151	420,872	-	-
Prepayments and accrued income	85,746	491,766	-	-
Other debtors	15,778	80,278	-	-
Corporation tax recoverable assets	-	28,604	-	-
Directors' loan accounts	409,820	185,810	-	-
Called up share capital not paid	-	100	-	-
Amounts owed by group undertakings	442,046	555,097	-	-
Amounts owed by other participating interests	256,876	17,436	-	-

	3,540,417	1,779,963	-	-
Due after more than one year
Corporation tax recoverable assets	16,742	-	-	-

	3,557,159	1,779,963	-	-

9. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Trade creditors	860,674	445,674	-	-
Bank loans and overdrafts	633	-	-	-
Other loans	101,878	-	-	-
Corporation tax	80,922	-	-	-
Other taxes and social security	798,736	785,056	-	-
VAT	135,547	-	-	-
Net wages	827	-	-	-
Other creditors	98,894	80,498	-	-
Other creditors (1)	47,406	67,048	-	-
Other creditors (3)	-	3,875	-	-
Accruals and deferred income	1,074,476	471,914	-	-
Amounts owed to group undertakings	-	1,900	1,598	1,900
Amounts owed to related parties	214,998	136,322	-	-

	3,414,991	1,992,287	1,598	1,900

Note that Other Creditors (1) is the Work in Progress balance for Marble Private Ltd.

Marble Endeavour Ltd received a loan for £425,000 in December 2024 on a secured basis plus £30,485 of arrangement and legal fees The loan is repayable in monthly instalments over 42 months with an effetcive interest rate of 1.75%. There is £101,878 due within 12 months.

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Marble Communications Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Creditors: Amounts Falling Due After More Than One Year

	Group
	2024	2023
	£	£
Other loans	353,607	-
Other creditors	50,000	100,000

	403,607	100,000

11. Share Capital

	2024	2023
	£	£
Called Up Share Capital not Paid	-	100
Called Up Share Capital has been paid up	50,199	50,099

Amount of Allotted, Called Up Share Capital	50,199	50,199

On 28th November 2024, the Ordinary E shares were reorganised so that the 10,000 shares were split evenly between 4 shareholders with 100 shares going to a new shareholder. There are now Ordinary A, B, C & D shares alloted with 2,475 shares each and a Ordinary E shareholder with 100 shares.

The Ordinary Z shares and Preference Shares have stayed the same with 317 Ordinary Z shares and 999 Preference Shares.

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Edward Watt	52,480	112,517	36,540	-	128,458
Mr Robert Parry	27,870	73,434	29,649	-	71,655
Mrs Emily Rose Perez-Fragero	49,547	56,551	26,351	-	79,748
Mr Darren Haskell-Thomas	55,913	81,449	7,402	-	129,960

Marble Endeavour Ltd

The above loans are unsecured, interest free and repayable on demand. In the 9 months after the year end, £280,361 was repaid via dividends reducing the loan accounts to a total of £52,354.

Marble Private Ltd

The above loans are unsecured, and repayable on demand. The interest rate on the 2024 movement was inline with HMRC's rate of 2.25%.

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