Marbelow Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 01491190 (England and Wales)

Financial Statements for the Year Ended 25 September 2019

for

Marbelow Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S C Dagger

GJ Kemp

MJ Kemp

SECRETARY:

S C Dagger

REGISTERED OFFICE:

55 Kentish Town Road

Camden Town

London

NW1 8NX

REGISTERED NUMBER:

01491190 (England and Wales)

ACCOUNTANTS:

Mansfield & Co

55 Kentish Town Road

Camden Town

London

NW1 8NX

FIXED ASSETS

Tangible assets

4

16,295

16,295

Investments

5

1,018

1,018

17,313

17,313

CURRENT ASSETS

Debtors

6

62,562

59,080

Cash at bank

26,306

64,091

88,868

123,171

CREDITORS

Amounts falling due within one year

7

189,284

222,539

NET CURRENT LIABILITIES

(100,416

)

(99,368

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(83,103

)

(82,055

)

CAPITAL AND RESERVES

Called up share capital

96

96

Retained earnings

(83,199

)

(82,151

)

SHAREHOLDERS' FUNDS

(83,103

)

(82,055

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 September 2019 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 18 June 2020 and were signed on its behalf by:

S C Dagger - Director

1.	STATUTORY INFORMATION

Marbelow 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the amount of royalties, record company advances and performance fees received during the

year net of value added tax.

The date income is credited to the profit and loss account is the earlier of date received or latest date

contractually due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 26 September 2018

246,648

Disposals

(1,000

)

At 25 September 2019

245,648

DEPRECIATION

At 26 September 2018

230,353

Eliminated on disposal

(1,000

)

At 25 September 2019

229,353

NET BOOK VALUE

At 25 September 2019

16,295

At 25 September 2018

16,295

5.	FIXED ASSET INVESTMENTS

Company - subsidiary undertaking:

Marbelow Intellectual Properties Limited - £1,018 (2018 - £1,018)

Nature of business - Intellectual Property

The holding in the subsidiary represents 100% of the issued share capital which comprises of 100 ordinary

shares of 15 euros each.

The subsidiary company is registered in Monaco.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.9.19

25.9.18

£

£

Trade debtors

574

1,646

Other debtors

61,988

57,434

62,562

59,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.9.19

25.9.18

£

£

Trade creditors

10,968

17,967

Taxation and social security

-

5,164

Other creditors

178,316

199,408

189,284

222,539

8.	RELATED PARTY DISCLOSURES

Directors and Companies under their control charged the following fees:

SC Dagger - Management Commission £10,087 (2018 £25,194)

- Office Costs £9,880 (2018 - £9,880)

GJ Kemp - Artist Services £10,087 (2018 - £25,194)

MJ Kemp - Artist Services £10,087 (2018 - £25,194)