Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312No description of principal activitytrue2true2021-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11622766 2021-01-01 2021-12-31 11622766 2020-01-01 2020-12-31 11622766 2021-12-31 11622766 2020-12-31 11622766 c:Director1 2021-01-01 2021-12-31 11622766 d:CurrentFinancialInstruments 2021-12-31 11622766 d:CurrentFinancialInstruments 2020-12-31 11622766 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11622766 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11622766 d:ShareCapital 2021-12-31 11622766 d:ShareCapital 2020-12-31 11622766 d:RetainedEarningsAccumulatedLosses 2021-12-31 11622766 d:RetainedEarningsAccumulatedLosses 2020-12-31 11622766 c:FRS102 2021-01-01 2021-12-31 11622766 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11622766 c:FullAccounts 2021-01-01 2021-12-31 11622766 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 11622766










MARKET DEVELOPMENT INTERNATIONAL LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
MARKET DEVELOPMENT INTERNATIONAL LTD
REGISTERED NUMBER: 11622766

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
937
4,968

Cash at bank and in hand
  
8,668
81

  
9,605
5,049

Creditors: amounts falling due within one year
 5 
(9,239)
(4,671)

Net current assets
  
 
 
366
 
 
378

Total assets less current liabilities
  
366
378

  

Net assets
  
366
378


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
365
377

  
366
378


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
 
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MARKET DEVELOPMENT INTERNATIONAL LTD
REGISTERED NUMBER: 11622766
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021


The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






P Balchin
Director
Date: 13 July 2022

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
MARKET DEVELOPMENT INTERNATIONAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Market Development International Ltd (11622766) is a private company limited by shares and incorporated in England & Wales. Its registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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MARKET DEVELOPMENT INTERNATIONAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).


4.


Debtors

2021
2020
£
£


Other debtors
937
4,968



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
7,152
2,211

Accruals and deferred income
2,087
2,460

9,239
4,671


 
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