- The company is a private company limited by shares and registered in England and Wales. It 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 Director acknowledges 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Average number of employees
The average number of persons employed by the company in the period was 0 (previous period: 0).
Directors advances, credits and guarantees
Included within Creditors: amounts falling due within one year is an unsecured, interest-free loan from director Igor Kulieshov in the amount of £210,000 (€250,000), with no fixed date of repayment.
Capital Commitments
Capital and Reserves
Brought Forward Reserves: £2,732,021
Profit for Financial Year: £162,178
Total Equity at 30/11/2025: £2,894,199.
The company has issued 100 ordinary shares of £1,00, which have been fully paid and deposited into the company’s cash register on 15 November 2023.
MARIMARX CORPORATION LTD holds 50% shares in each of:
- VISS SECURITY S.R.O. (CHEZH REPUBLIC)
- FF TECHNOLOGIES S.R.O. (SLOVENIA)
These shares were issued in exchange for EUR 1,964,584 capital 27 December 2023, which remains unpaid.
MARIMARX CORPORATION LTD holds 1,000 ordinary shares with a par value of EUR 1,175.56 were distributed in respect of the right and title to receive payment of the debt in the amount of EUR 1,175,560.00
These shares were issued in exchange for EUR 1,175,560 capital 28 March 2024, which remains unpaid.
Off Balance Sheet Arrangements
The company has no off-balance sheet arrangements.
As of the reporting date, no significant post-balance sheet events have occurred.
Additional Disclosures
Basis of Preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Foreign Currency Translation
Transactions in foreign currencies are translated into Sterling (£) at the HMRC spot rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are retranslated at the closing rate at the balance sheet date (EUR/GBP: 0.8400). Exchange differences are recognized in the Profit and Loss Account within Other charges.
Other Income
Foreign Dividend Income: €239,965.58 received from subsidiary Perla (Spain, 49% shareholding), Under Corporation Tax Act 2009, Part 9A (Category C), these dividends are exempt from UK Corporation Tax
Investment/Interest Income: €9,073.98 received on securities.
Other Charges
Professional & Administrative Fees: £1,560
Bank & Notary Fees: £3,210.
Net Foreign Exchange Loss: £41,703 (arising from year-end revaluation of monetary balances, including cash accounts, unpaid securities, and director's loan account under FRS 105 Section 25).
Tax on Profit
Provision for UK Corporation Tax at the small profits rate of 19% on taxable non-trading profits
Fixed Assets
Brought Forward (01/12/2024): £2,723,008
Additions: Capital injection into subsidiaries of €72,030.
Carrying Value at 30/11/2025: £2,783,513.
Current Assets
Cash at Bank and in Hand £154,258,
Current Asset Investments £336,000: Securities acquired (400 units @ €1,000 = €400,000).
Creditors: amounts falling due within one year
Trade Creditors (Unpaid Securities): €200,000 for 200 units acquired on
Director's Loan Account: €250,000 unsecured loan provided to the company.
Corporation Tax Payable: £542.
Other Creditors / Prior Year Accruals: £1,030.