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REGISTERED NUMBER: 03544430 (England and Wales)











Madewell Holdings Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






Madewell Holdings Limited (Registered number: 03544430)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Madewell Holdings Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: R Gibson





REGISTERED OFFICE: Unit 26
Sandy Way
Amington Industrial Estate
Tamworth
Staffordshire
B77 4DS





REGISTERED NUMBER: 03544430 (England and Wales)





ACCOUNTANTS: Haines Watts
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Madewell Holdings Limited (Registered number: 03544430)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,722,160 1,722,319
Investments 5 50 50
1,722,210 1,722,369

CURRENT ASSETS
Debtors 6 15,431 673
Cash at bank 170,065 139,508
185,496 140,181
CREDITORS
Amounts falling due within one year 7 67,547 62,820
NET CURRENT ASSETS 117,949 77,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,840,159

1,799,730

PROVISIONS FOR LIABILITIES 121 151
NET ASSETS 1,840,038 1,799,579

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 910,000 910,000
Capital redemption reserve 116,466 116,466
Retained earnings 813,472 773,013
SHAREHOLDERS' FUNDS 1,840,038 1,799,579

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Madewell Holdings Limited (Registered number: 03544430)

Balance Sheet - continued
30 June 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 2 October 2023 and were signed by:





R Gibson - Director


Madewell Holdings Limited (Registered number: 03544430)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Madewell Holdings Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- 4%straight line
Plant and machinery- 20%reducing balance
Fixtures and fittings- 20%reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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).

Madewell Holdings Limited (Registered number: 03544430)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 1,393,007 480,010 1,873,017
DEPRECIATION
At 1 July 2022 57,960 92,738 150,698
Charge for year - 159 159
At 30 June 2023 57,960 92,897 150,857
NET BOOK VALUE
At 30 June 2023 1,335,047 387,113 1,722,160
At 30 June 2022 1,335,047 387,272 1,722,319

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 50
NET BOOK VALUE
At 30 June 2023 50
At 30 June 2022 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 15,431 673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 2,742
Amounts owed to participating interests 40,789 40,789
Taxation and social security 25,807 18,337
Other creditors 951 952
67,547 62,820

Madewell Holdings Limited (Registered number: 03544430)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 2,742

Bank loans and overdrafts are secured by way of a charge over the freehold property owned by the Company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
70 Ordinary £1 70 70
30 Ordinary B £1 30 30
100 100

10. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 910,000

11. RELATED PARTY DISCLOSURES

The company received rental income of £120,000 (2022 - £100,000) from associated companies .

At the year end the company owed associated companies £40,789 (2022 - £40,789).