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REGISTERED NUMBER: 04419569 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 30 SEPTEMBER 2023

FOR

MC REALISATIONS 2023 LIMITED

MC REALISATIONS 2023 LIMITED (REGISTERED NUMBER: 04419569)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MC REALISATIONS 2023 LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2022 TO 30 SEPTEMBER 2023







DIRECTORS: Miss K R Clements
Ms E Greene





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 04419569 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

MC REALISATIONS 2023 LIMITED (REGISTERED NUMBER: 04419569)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 - 5,787
- 5,787

CURRENT ASSETS
Stocks 5 - 170,784
Debtors 6 20,079 271,731
Cash at bank and in hand 439,380 848,070
459,459 1,290,585
CREDITORS
Amounts falling due within one year 7 88,093 130,171
NET CURRENT ASSETS 371,366 1,160,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,366

1,166,201

PROVISIONS FOR LIABILITIES - 325
NET ASSETS 371,366 1,165,876

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 371,266 1,165,776
SHAREHOLDERS' FUNDS 371,366 1,165,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 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 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 Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:




Miss K R Clements - Director


MC REALISATIONS 2023 LIMITED (REGISTERED NUMBER: 04419569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 30 SEPTEMBER 2023

1. 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.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Patents, licences & trademarks
Amortisation is provided at 25% on reducing balance in order to write off each asset over its estimated useful life.

Development costs & domain names
Amortisation is provided at 25% on reducing balance in order to write off each asset over its estimated useful life.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MC REALISATIONS 2023 LIMITED (REGISTERED NUMBER: 04419569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 30 SEPTEMBER 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2022 - 19 ) .

3. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 May 2022 26,405 35,434 61,839
Disposals (26,405 ) (35,434 ) (61,839 )
At 30 September 2023 - - -
AMORTISATION
At 1 May 2022 26,405 35,434 61,839
Eliminated on disposal (26,405 ) (35,434 ) (61,839 )
At 30 September 2023 - - -
NET BOOK VALUE
At 30 September 2023 - - -
At 30 April 2022 - - -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 40,140 4,421 10,516 55,077
Additions - - 1,550 1,550
Disposals (40,140 ) (4,421 ) (12,066 ) (56,627 )
At 30 September 2023 - - - -
DEPRECIATION
At 1 May 2022 39,908 4,421 4,961 49,290
Eliminated on disposal (39,908 ) (4,421 ) (4,961 ) (49,290 )
At 30 September 2023 - - - -
NET BOOK VALUE
At 30 September 2023 - - - -
At 30 April 2022 232 - 5,555 5,787

5. STOCKS
2023 2022
£    £   
Raw materials - 170,784

MC REALISATIONS 2023 LIMITED (REGISTERED NUMBER: 04419569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 30 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,545 177,768
Other debtors 6 3,489
Tax - 25,206
VAT 528 22,326
Prepayments - 42,942
20,079 271,731

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,416 123,062
Accrued expenses 86,677 7,109
88,093 130,171

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Mooncup Employee OwnershipTrustee Limited.

This was by virtue of their 100% holding of the issued share capital.