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Madisan Technologies Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Madisan Technologies Ltd (Registered number: 06251990)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Madisan Technologies Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mrs M Kshatriya





SECRETARY: S Kshatriya





REGISTERED OFFICE: 1 Lincolnshire Gardens
Warfield
Bracknell
Berkshire
RG42 3XB





REGISTERED NUMBER: 06251990 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Madisan Technologies Ltd (Registered number: 06251990)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201 237
Investments 5 100,000 100,000
Investment property 6 270,000 270,000
370,201 370,237

CURRENT ASSETS
Cash at bank 149,747 140,344

CREDITORS
Amounts falling due within one year 7 20,410 17,857
NET CURRENT ASSETS 129,337 122,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,538

492,724

PROVISIONS FOR LIABILITIES 19,450 19,454
NET ASSETS 480,088 473,270

CAPITAL AND RESERVES
Called up share capital 101 101
Fair value reserve 8 82,803 82,803
Retained earnings 397,184 390,366
SHAREHOLDERS' FUNDS 480,088 473,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Madisan Technologies Ltd (Registered number: 06251990)

Balance Sheet - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:





Mrs M Kshatriya - Director


Madisan Technologies Ltd (Registered number: 06251990)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Madisan Technologies Ltd 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 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.

Turnover
Turnover represents rents received and consultancy.

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 - 33% on cost and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2022 - NIL).

Madisan Technologies Ltd (Registered number: 06251990)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 3,867
Disposals (1,300 )
At 31 May 2023 2,567
DEPRECIATION
At 1 June 2022 3,630
Charge for year 35
Eliminated on disposal (1,299 )
At 31 May 2023 2,366
NET BOOK VALUE
At 31 May 2023 201
At 31 May 2022 237

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 100,000
NET BOOK VALUE
At 31 May 2023 100,000
At 31 May 2022 100,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 270,000
NET BOOK VALUE
At 31 May 2023 270,000
At 31 May 2022 270,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2017 132,226
Valuation in 2020 (30,000 )
Cost 167,774
270,000

Madisan Technologies Ltd (Registered number: 06251990)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 167,774 167,774

Investment property was valued on an open market basis on by the company secretary .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 391 -
Taxation and social security 2,119 4,920
Other creditors 17,900 12,937
20,410 17,857

8. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 82,803

9. ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate controlling party.