Grecian Marbles (Marmor) Limited - Accounts to registrar (filleted) - small 18.2

Grecian Marbles (Marmor) Limited - Accounts to registrar (filleted) - small 18.2

GRECIAN MARBLES (MARMOR) LIMITED - Company Information

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REGISTERED NUMBER: 00114228 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

GRECIAN MARBLES (MARMOR) LIMITED
GRECIAN MARBLES (MARMOR) LIMITED (REGISTERED NUMBER: 00114228)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GRECIAN MARBLES (MARMOR) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: Mr A I Alt
Mr K Iliou
Mr K Tsekouras





SECRETARY: Mr K Iliou





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 00114228 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA
Page 1
GRECIAN MARBLES (MARMOR) LIMITED (REGISTERED NUMBER: 00114228)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2017

2017 2016
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 4 556,905 556,905

CURRENT ASSETS
Stocks 172,632 181,309
Debtors 5 100,263 83,154
Investments 6 207,080 207,080
Cash at bank 101,640 173,077
581,615 644,620
CREDITORS
Amounts falling due within one year 7 93,011 97,477
NET CURRENT ASSETS 488,604 547,143
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,045,509
1,104,048

CAPITAL AND RESERVES
Called up share capital 218,397 218,397
Capital redemption reserve 1,118,167 1,118,167
Retained earnings (291,055 ) (232,516 )
1,045,509 1,104,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 April 2019 and were signed on its behalf by:





Mr A I Alt - Director


The notes form part of these financial statements

Page 2
GRECIAN MARBLES (MARMOR) LIMITED (REGISTERED NUMBER: 00114228)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Grecian Marbles (Marmor) 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 Euro (€).


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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 December 2017 are the first that are prepared in accordance
with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the
date of transition to FRS 102 Section 1A is 1 January 2016.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that period
or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates,value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods
have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it
is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or
to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment
losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances
indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful
lives.

Plant and Machinery - 20% straight line

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.Cost is
determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in
the period in which the related revenue is recognised.


Page 3 continued...
GRECIAN MARBLES (MARMOR) LIMITED (REGISTERED NUMBER: 00114228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term
deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid
investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of
changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit
or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised
in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
€    €    €   
COST
At 1 January 2017
and 31 December 2017 1,437,376 4,065 1,441,441
DEPRECIATION
At 1 January 2017
and 31 December 2017 880,471 4,065 884,536
NET BOOK VALUE
At 31 December 2017 556,905 - 556,905
At 31 December 2016 556,905 - 556,905

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
€    €   
Trade debtors 51,608 41,112
Other debtors 48,655 42,042
100,263 83,154

Page 4 continued...
GRECIAN MARBLES (MARMOR) LIMITED (REGISTERED NUMBER: 00114228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

6. CURRENT ASSET INVESTMENTS
2017 2016
€    €   
Unlisted investments 207,080 207,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
€    €   
Taxation and social security - 4,390
Other creditors 93,011 93,087
93,011 97,477

8. PRIOR YEAR ADJUSTMENTS

Comparative figure for capital redemption reserve is restated to €1,118,167, and retained earnings to €232,516
in order to correspond with the presentation of similar items in the current period.

Page 5