IRIS Accounts Production v23.3.1.45 13389948 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133899482022-05-31133899482023-05-31133899482022-06-012023-05-31133899482021-05-11133899482021-05-122022-05-31133899482022-05-3113389948ns10:Originalns15:EnglandWales2022-06-012023-05-3113389948ns14:PoundSterlingns10:Original2022-06-012023-05-3113389948ns10:Originalns10:Director12022-06-012023-05-3113389948ns10:Original2022-06-012023-05-3113389948ns10:Original2023-05-3113389948ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3113389948ns10:Originalns10:SmallEntities2022-06-012023-05-3113389948ns10:Originalns10:AuditExemptWithAccountantsReport2022-06-012023-05-3113389948ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3113389948ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3113389948ns10:Originalns10:FullAccounts2022-06-012023-05-3113389948ns10:Originalns10:Director22022-06-012023-05-3113389948ns10:Originalns10:RegisteredOffice2022-06-012023-05-3113389948ns10:Original2022-05-3113389948ns10:Originalns5:CurrentFinancialInstruments2023-05-3113389948ns10:Originalns5:CurrentFinancialInstruments2022-05-3113389948ns10:Originalns5:Non-currentFinancialInstruments2023-05-3113389948ns10:Originalns5:Non-currentFinancialInstruments2022-05-3113389948ns5:ShareCapitalns10:Original2023-05-3113389948ns5:ShareCapitalns10:Original2022-05-3113389948ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3113389948ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3113389948ns10:Original2021-05-122022-05-3113389948ns10:Originalns5:CostValuation2022-05-3113389948ns10:Originalns5:RevaluationsIncreaseDecreaseInInvestments2023-05-3113389948ns10:Originalns5:CostValuation2023-05-31
REGISTERED NUMBER: 13389948 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 May 2023

for

Mulder and Scollay Limited

Mulder and Scollay Limited (Registered number: 13389948)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Mulder and Scollay Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: P J S Cheyne
C J Tuohy





REGISTERED OFFICE: Suites 201-202
66-67 Newman Street
London
W1T 3EQ





REGISTERED NUMBER: 13389948 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mulder and Scollay Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mulder and Scollay Limited for the year ended 31 May 2023 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mulder and Scollay Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mulder and Scollay Limited and state those matters that we have agreed to state to the Board of Directors of Mulder and Scollay Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mulder and Scollay Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mulder and Scollay Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mulder and Scollay Limited. You consider that Mulder and Scollay Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mulder and Scollay Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


29 January 2024

Mulder and Scollay Limited (Registered number: 13389948)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 803,213 4,318,185

CREDITORS
Amounts falling due within one year 5 (1,500 ) (1,200 )
NET CURRENT LIABILITIES (1,500 ) (1,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

801,713

4,316,985

CREDITORS
Amounts falling due after more than one
year

6

(4,319,585

)

(4,318,085

)
NET LIABILITIES (3,517,872 ) (1,100 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,517,972 ) (1,200 )
(3,517,872 ) (1,100 )

Mulder and Scollay Limited (Registered number: 13389948)

Balance Sheet - continued
31 May 2023


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

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

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 29 January 2024 and were signed on its behalf by:





C J Tuohy - Director


Mulder and Scollay Limited (Registered number: 13389948)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Mulder and Scollay 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 as modified by the revaluation of certain assets.

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.

Foreign currencies
The company's functional and presentational currency is GBP.

Foreign currency transactions are translated into functional currency using the spot exchange rates at the dates of the transactions.

Foreign exchange gains and losses resulting from the settlement of transactions denominated in foreign currencies are recognised in the profit and loss account.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in the profit and loss account within 'other operating income'.

Mulder and Scollay Limited (Registered number: 13389948)

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

2. ACCOUNTING POLICIES - continued

Going concern
At 31 May 2023 there was a deficiency of assets amounting to £3,517,872. The company was dependant upon the continuing financial support of the directors. The directors have confirmed that they will continue to support the company and as such the accounts have been prepared on a going concern basis. The accounts do not include any adjustments which would result from a withdrawal of the directors financial support.

Investments
Investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2022 4,318,185
Revaluations (3,514,972 )
At 31 May 2023 803,213
NET BOOK VALUE
At 31 May 2023 803,213
At 31 May 2022 4,318,185

Cost or valuation at 31 May 2023 is represented by:

Other
investments
£   
Valuation in 2023 (3,514,972 )
Cost 4,318,185
803,213

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,500 1,200

Mulder and Scollay Limited (Registered number: 13389948)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,500 -
Amounts owed to participating interests 1,087,722 1,087,722
Other creditors 3,230,363 3,230,363
4,319,585 4,318,085

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, the company received an interest free loan from the director C J Tuohy, the loan was unsecured and repayable on demand. The balance due to C J Tuohy and included in other creditors at 31 May 2023 amounted to £3,230,363 (2022 - £3,230,363).

8. RELATED PARTY DISCLOSURES

During the period the company received an interest free loan from Ermahgerd Limited, a company in which P J S Cheyne is a director. The loan was unsecured and repayable on demand. The balance due to Ermahgerd Limited at 31 May 2023 amounted to £1,087,722 (2022 - £1,087,722).

9. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the current year and previous period.

The ultimate parent undertaking is SPEECA Limited, a company registered in England and Wales at 66-67 Newman Street, London, W1T 3EQ.