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REGISTERED NUMBER: 13077233 (England and Wales)















MADAN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 DECEMBER 2020 TO 31 DECEMBER 2021






MADAN LIMITED (REGISTERED NUMBER: 13077233)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 DECEMBER 2020 TO 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MADAN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 11 DECEMBER 2020 TO 31 DECEMBER 2021







DIRECTORS: Mr R D Alberg
Mrs J L Alberg





REGISTERED OFFICE: 3-4 Harmwood Grove
London
NW1 8DH





REGISTERED NUMBER: 13077233 (England and Wales)





ACCOUNTANTS: P G Associates (London) Limited
1 Brookmans Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7QH

MADAN LIMITED (REGISTERED NUMBER: 13077233)

BALANCE SHEET
31 DECEMBER 2021

Notes £    £   
FIXED ASSETS
Investments 4 2,898,243

CURRENT ASSETS
Debtors 5 911
Cash at bank 139,465
140,376
CREDITORS
Amounts falling due within one year 6 24,886
NET CURRENT ASSETS 115,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,013,733

CREDITORS
Amounts falling due after more than one
year

7

2,743,508
NET ASSETS 270,225

CAPITAL AND RESERVES
Called up share capital 8 2
Retained earnings 270,223
SHAREHOLDERS' FUNDS 270,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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.

MADAN LIMITED (REGISTERED NUMBER: 13077233)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





Mr R D Alberg - Director


MADAN LIMITED (REGISTERED NUMBER: 13077233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 DECEMBER 2020 TO 31 DECEMBER 2021


1. STATUTORY INFORMATION

Madan 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 Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Revenue
Revenue from lending and investment income 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 2 .

4. FIXED ASSET INVESTMENTS

£   
Other investments not loans 1,188,243
Other loans 1,710,000
2,898,243

MADAN LIMITED (REGISTERED NUMBER: 13077233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 DECEMBER 2020 TO 31 DECEMBER 2021


4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
Additions 1,012,929
Revaluations 175,314
At 31 December 2021 1,188,243
NET BOOK VALUE
At 31 December 2021 1,188,243

Cost or valuation at 31 December 2021 is represented by:

Other
investments
£   
Valuation in 2021 1,188,243

The valuation of Other Investments is made by the Private Investment Brokers by virtue of their annual Valuation Reports. The firm is Authorised and Regulated by the Financial Conduct Authority.
Other
loans
£   
New in year 1,720,000
Repayment in year (10,000 )
At 31 December 2021 1,710,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2
Prepayments and accrued income 909
911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 22,486
Accrued expenses 2,400
24,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Directors' loan accounts 2,743,508

MADAN LIMITED (REGISTERED NUMBER: 13077233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 DECEMBER 2020 TO 31 DECEMBER 2021


8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2