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Unaudited Financial Statements for the Year Ended 30 April 2022 |
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Martel Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 April 2022 |
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Martel Limited |
Martel Limited (Registered number: 05435479) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Martel Limited |
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Company Information |
for the Year Ended 30 April 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Birchin Court |
20 Birchin Lane |
London |
EC3V 9DJ |
Martel Limited (Registered number: 05435479) |
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Balance Sheet |
30 April 2022 |
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30.4.22 | 30.4.21 |
Notes | € | € |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Martel Limited (Registered number: 05435479) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2022 |
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1. | STATUTORY INFORMATION |
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Martel Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The principal accounting policies adopted in the preparation of the financial statements are set out below. The accounting policies have been consistently applied within the financial statements. |
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The company's functional currency is € Euro/ £ sterling and the presentation currency is € Euro. |
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Turnover |
Turnover represents the company's share of profit in the partnership which provides consultancy services. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Investments |
Fixed asset investments are stated at cost less provision for diminution in value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
Martel Limited (Registered number: 05435479) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
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4. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
€ |
COST |
At 1 May 2021 |
and 30 April 2022 | 59 |
NET BOOK VALUE |
At 30 April 2022 | 59 |
At 30 April 2021 | 59 |
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The company has a 5% interest in a partnership whose principal place of business is outside the United Kingdom. The share of profits in the partnership for the year amounts to € 22,679 (2021: € 13,007). The share of net assets in the partnership amounts to €128,543 (2021: €112,708). |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.22 | 30.4.21 |
€ | € |
Amounts owed by participating interests | 128,484 | 112,649 |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.22 | 30.4.21 |
€ | € |
Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.22 | 30.4.21 |
value: | € | € |
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Ordinary share | £1 | 1 | 1 |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling parties are Mr Damien Repelowicz and Ms Marine Repelowicz. |