Company Registration No. SC714550 (Scotland)
MEGADODO HOLDING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
PAGES FOR FILING WITH REGISTRAR
MEGADODO HOLDING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MEGADODO HOLDING LIMITED
BALANCE SHEET
AS AT
31 MAY 2022
31 May 2022
- 1 -
2022
Notes
£
£
Fixed assets
Investments
3
126
Current assets
Debtors
4
126,885
Creditors: amounts falling due within one year
5
(108,385)
Net current assets
18,500
Net assets
18,626
Capital and reserves
Called up share capital
139
Share premium account
8,487
Profit and loss reserves
10,000
Total equity
18,626

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 7 November 2023 and are signed on its behalf by:
Mrs E Ravichandran
Mr S Ravichandran
Director
Director
Company Registration No. SC714550
MEGADODO HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
- 2 -
1
Accounting policies
Company information

Megadodo Holding Limited is a private company limited by shares incorporated in Scotland. The registered office is 1 Downfield Gardens, Bothwell, Glasgow, G71 8UW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
Number
Total
-
0
3
Fixed asset investments
2022
£
Other investments other than loans
126
MEGADODO HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2022
3
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 9 November 2021
-
Additions
126
At 31 May 2022
126
Carrying amount
At 31 May 2022
126
4
Debtors
2022
Amounts falling due within one year:
£
Amounts owed by group undertakings
126,885
5
Creditors: amounts falling due within one year
2022
£
Taxation and social security
58,095
Other creditors
50,290
108,385
6
Related party transactions
2022
Amounts due to related parties
£
Other related parties
58,195

The following amounts were outstanding at the reporting end date:

2022
Amounts due from related parties
£
Other related parties
118,385
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