Company registration number SC714550 (Scotland)
MEGADODO HOLDING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
MEGADODO HOLDING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MEGADODO HOLDING LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 1 -
31 January 2023
31 May 2022
Notes
£
£
£
£
Fixed assets
Investments
3
126
126
Current assets
Debtors
4
260,756
126,885
Creditors: amounts falling due within one year
5
(242,256)
(108,385)
Net current assets
18,500
18,500
Net assets
18,626
18,626
Capital and reserves
Called up share capital
6
139
139
Share premium account
8,487
8,487
Profit and loss reserves
10,000
10,000
Total equity
18,626
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 period ended 31 January 2023 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 period 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 15 February 2024 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 PERIOD ENDED 31 JANUARY 2023
- 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
Reporting period
The financial statements are presented for a period which is less than one year. As a result, past and future periods are not entirely comparable.
1.2
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.
1.3
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.
1.4
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.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
MEGADODO HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
3
Fixed asset investments
2023
2022
£
£
Other investments other than loans
126
126
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
223,943
126,885
Other debtors
36,813
260,756
126,885
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
242,256
58,095
Other creditors
50,290
242,256
108,385
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
126
126
126
126
Ordinary A shares of £1 each
13
13
13
13
139
139
139
139
MEGADODO HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
- 4 -
7
Related party transactions
2023
2022
Amounts due to related parties
£
£
Key management personnel
50,290
Other related parties
242,256
58,095
The following amounts were outstanding at the reporting end date:
2023
2022
Amounts due from related parties
£
£
Key management personnel
36,813
-
Other related parties
223,943
126,885
Other information
The above loans are unsecured, interest free and have no fixed terms of repayment.