The Marble Mosaic Company (Holdings) Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

The Marble Mosaic Company (Holdings) Limited

(Registration number: 02535909)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	-	976,922
Current assets
Debtors	6	10,274	6,657
Investments		-	5
Cash at bank and in hand		1,523,615	666,992
		1,533,889	673,654
Creditors: Amounts falling due within one year	7	(499,446)	(20,646)
Net current assets		1,034,443	653,008
Total assets less current liabilities		1,034,443	1,629,930
Provisions for liabilities		-	(96,859)
Net assets		1,034,443	1,533,071
Capital and reserves
Called up share capital		96,900	96,900
Share premium reserve		17,835	17,835
Other reserves		-	888,599
Profit and loss account		919,708	529,737
Shareholders' funds		1,034,443	1,533,071

The Marble Mosaic Company (Holdings) Limited

(Registration number: 02535909)
Statement of Financial Position as at 31 March 2025 (continued)

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 and 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 25 November 2025 and signed on its behalf by:
 

Mr B D Maddalena Director

The Marble Mosaic Company (Holdings) 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:
84 Kings Drive
Bishopston
Bristol
BS7 8JH

Principal activity

The principal activity of the company is that of the parent undertaking to a long established business of subcontractors to the building industry for the manufacture of architectural precast concrete.

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.

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

Revenue recognition

Turnover represents the rents received for the subsidiary undertaking and other third parties for the lease of tangible fixed assets.

Tax

The tax expense for the period comprises current and deferred 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 corporation 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.
 

The Marble Mosaic Company (Holdings) Limited

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

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class	Depreciation method and rate
Land and buildings	- 2% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patent	- 8% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

The Marble Mosaic Company (Holdings) Limited

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

2	Accounting policies (continued)

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

The Marble Mosaic Company (Holdings) Limited

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

4	Intangible assets

	Patent  £	Total £
Cost or valuation
At 1 April 2024	9,930	9,930
Disposals	(9,930)	(9,930)
At 31 March 2025	-	-
Amortisation
At 1 April 2024	9,930	9,930
Amortisation eliminated on disposals	(9,930)	(9,930)
At 31 March 2025	-	-
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	1,023,000	1,023,000
Disposals	(1,023,000)	(1,023,000)
At 31 March 2025	-	-
Depreciation
At 1 April 2024	46,078	46,078
Eliminated on disposal	(46,078)	(46,078)
At 31 March 2025	-	-
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	976,922	976,922

The freehold property was revalued at open market value on 31 March 2019 by Stephen and Co., Chartered Surveyors, at £975,000. The historical written down value of the freehold property was £109,150 (2024 £109,150). The property was disposed of on 14 March 2025.
 

The Marble Mosaic Company (Holdings) Limited

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

6

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties		-	6,655
Other debtors		7,068	2
Prepayments		3,206	-
		10,274	6,657

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	296,146	17,349
Accruals and deferred income	201,300	1,200
Other creditors	2,000	2,097
	499,446	20,646

8

Reserves

Profit and loss account

This reserve records retained earnings and accumulated losses, and is made up as follows:-
 

	Note	2025 £	2024  £
Non-distributable		-	888,599
Distributable		919,708	529,737
		919,708	1,418,336