Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282022-05-162023-02-282022-03-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05369035 2022-03-01 2023-02-28 05369035 2021-03-01 2022-02-28 05369035 2023-02-28 05369035 2022-02-28 05369035 c:CompanySecretary1 2022-03-01 2023-02-28 05369035 c:Director1 2022-03-01 2023-02-28 05369035 c:Director2 2022-03-01 2023-02-28 05369035 c:Director2 2023-02-28 05369035 c:Director3 2022-03-01 2023-02-28 05369035 c:Director4 2022-03-01 2023-02-28 05369035 c:Director4 2023-02-28 05369035 c:RegisteredOffice 2022-03-01 2023-02-28 05369035 d:CurrentFinancialInstruments 2023-02-28 05369035 d:CurrentFinancialInstruments 2022-02-28 05369035 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05369035 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 05369035 d:ShareCapital 2023-02-28 05369035 d:ShareCapital 2022-02-28 05369035 d:RetainedEarningsAccumulatedLosses 2023-02-28 05369035 d:RetainedEarningsAccumulatedLosses 2022-02-28 05369035 c:OrdinaryShareClass1 2022-03-01 2023-02-28 05369035 c:OrdinaryShareClass1 2023-02-28 05369035 c:OrdinaryShareClass1 2022-02-28 05369035 c:FRS102 2022-03-01 2023-02-28 05369035 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 05369035 c:FullAccounts 2022-03-01 2023-02-28 05369035 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05369035









MARGIN CALL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
MARGIN CALL LIMITED
 
 
COMPANY INFORMATION


Directors
J C Constable 
P R Emmerson (resigned 16 May 2022)
Three V Corporate Venturing LLP 
HW Directors Limited (appointed 22 March 2023)




Company secretary
Cossey Cosec Services Ltd



Registered number
05369035



Registered office
4th Floor
24 Old Bond Street

London

W1S 4AW





 
MARGIN CALL LIMITED
REGISTERED NUMBER: 05369035

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,610
2,610

Cash at bank and in hand
 5 
133,501
810,018

  
136,111
812,628

Creditors: amounts falling due within one year
 6 
(125,029)
(220,542)

Net current assets
  
 
 
11,082
 
 
592,086

Total assets less current liabilities
  
11,082
592,086

  

Net assets
  
11,082
592,086


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
11,081
592,085

  
11,082
592,086


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




HW Directors Limited
Director

Date: 21 November 2023

Page 1

 
MARGIN CALL LIMITED
REGISTERED NUMBER: 05369035
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MARGIN CALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Margin Call 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in Statement of Comprehensive Income.
 
Page 3

 
MARGIN CALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)


(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
1
1

Prepayments and accrued income
2,609
2,609

2,610
2,610



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
133,501
810,018


Page 4

 
MARGIN CALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
94,642

Other creditors
125,000
125,000

Accruals and deferred income
29
900

125,029
220,542



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 5