Silverfin false 28/02/2023 01/03/2022 28/02/2023 Mr C B MacDonald BDS MFGDP (UK) 12/02/2010 Mr G P Morson BDS 12/02/2010 G P Morson BDS Mr C B MacDonald BDS MFGDP (UK) 22 November 2023 The principle activity of the company continued to be that of ex corporate partner. SC372889 2023-02-28 SC372889 bus:Director1 2023-02-28 SC372889 bus:Director2 2023-02-28 SC372889 core:CurrentFinancialInstruments 2023-02-28 SC372889 core:CurrentFinancialInstruments 2022-02-28 SC372889 2022-02-28 SC372889 core:ShareCapital 2023-02-28 SC372889 core:ShareCapital 2022-02-28 SC372889 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC372889 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC372889 bus:OrdinaryShareClass1 2023-02-28 SC372889 2022-03-01 2023-02-28 SC372889 bus:FullAccounts 2022-03-01 2023-02-28 SC372889 bus:SmallEntities 2022-03-01 2023-02-28 SC372889 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC372889 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC372889 bus:Director1 2022-03-01 2023-02-28 SC372889 bus:Director2 2022-03-01 2023-02-28 SC372889 bus:Director3 2022-03-01 2023-02-28 SC372889 bus:CompanySecretary1 2022-03-01 2023-02-28 SC372889 2021-03-01 2022-02-28 SC372889 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 SC372889 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC372889 (Scotland)

MARDC LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH THE REGISTRAR

MARDC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023

Contents

MARDC LIMITED

BALANCE SHEET

AS AT 28 FEBRUARY 2023
MARDC LIMITED

BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2023
2023 2022
£ £
Current assets
Debtors 3 1,517,924 1,518,199
Cash at bank and in hand 71 575
1,517,995 1,518,774
Creditors: amounts falling due within one year 4 ( 671) ( 840)
Net current assets 1,517,324 1,517,934
Total assets less current liabilities 1,517,324 1,517,934
Net assets 1,517,324 1,517,934
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 1,517,224 1,517,834
Total shareholders' funds 1,517,324 1,517,934

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of MARDC Limited (registered number: SC372889) were approved and authorised for issue by the Director on 22 November 2023. They were signed on its behalf by:

G P Morson BDS
Director
MARDC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023
MARDC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MARDC Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Kings Park House, Laurelhill Business Park, Stirling, FK7 9JQ, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2023 2022
£ £
Amounts owed by directors 1,082 1,357
Corporation tax 1,790 1,790
Other debtors 1,515,052 1,515,052
1,517,924 1,518,199

4. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 671 840

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to key management personnel. 1,189 1,357
0 0

During the year - Amounts owed by key management personnel. £594, (2022: £679)
During the year - Amounts owed by key management personnel. £595, (2022: £678)