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REGISTERED NUMBER: 00795262 (England and Wales)















Makadams (Baughurst) Limited

Financial Statements for the Year Ended 31st March 2023






Makadams (Baughurst) Limited (Registered number: 00795262)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Makadams (Baughurst) Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: K Yelland
Mrs M Yelland
D B Yelland
A M Yelland
S J Yelland





SECRETARY: Mrs M Yelland





REGISTERED OFFICE: Belmont
Reading Road
Padworth Common
Reading
Berkshire
RG7 4OL





REGISTERED NUMBER: 00795262 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Makadams (Baughurst) Limited (Registered number: 00795262)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 328

CURRENT ASSETS
Debtors 5 225,000 961,628
Cash at bank 2,416,123 2,655,679
2,641,123 3,617,307
CREDITORS
Amounts falling due within one year 6 2,416,215 671,072
NET CURRENT ASSETS 224,908 2,946,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,908

2,946,563

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 224,808 2,946,463
SHAREHOLDERS' FUNDS 224,908 2,946,563

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Makadams (Baughurst) Limited (Registered number: 00795262)

Balance Sheet - continued
31st March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th November 2023 and were signed on its behalf by:





D B Yelland - Director


Makadams (Baughurst) Limited (Registered number: 00795262)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATEMENT OF COMPLIANCE

Makadams (Baughurst) Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Belmont, Reading Road, Padworth Common, Reading, Berkshire, RG7 4OL. The registration number is 00795262.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided excluding value added tax.

Revenue from the sale of the goods is recognised when the goods have passed to the buyer and the amount of revenue can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank and other short term liquid investments.

Debtors
Short term debtors are stated at their nominal value. Loans receivable are measured initially at their nominal value and are measured subsequently at amortised cost using the effective interest method. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and loss account when there is objective evidence that the asset is impaired.

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.


Makadams (Baughurst) Limited (Registered number: 00795262)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 20 ) .

Makadams (Baughurst) Limited (Registered number: 00795262)

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


4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st April 2022 583
Disposals (583 )
At 31st March 2023 -
DEPRECIATION
At 1st April 2022 255
Charge for year 328
Eliminated on disposal (583 )
At 31st March 2023 -
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 328

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 15,091
Deferred consideration 225,000 225,000
Other debtors - 720,754
Prepayments and accrued income - 783
225,000 961,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 351
Amounts owed to group undertakings 2,392,994 366,624
Tax 14,270 265,241
VAT 451 30,356
Accruals and deferred income 8,500 8,500
2,416,215 671,072

Makadams (Baughurst) Limited (Registered number: 00795262)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1st April 2022 2,946,463
Deficit for the year (689,285 )
Dividends (2,032,370 )
At 31st March 2023 224,808

9. RELATED PARTY DISCLOSURES

The company was owed £Nil (2022: £720,138) at the year end by a company in common control.
There was no interest paid on this loan.