COMPANY REGISTRATION NUMBER:
04390199
M A CONSULTING TRADE AND FINANCE LIMITED |
|
Filleted Unaudited Financial Statements |
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M A CONSULTING TRADE AND FINANCE LIMITED |
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Statement of Financial Position |
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31 March 2024
Current assets
Debtors |
4 |
1,634,639 |
|
1,624,554 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
1,051 |
|
1,012 |
|
------------ |
|
------------ |
Net current assets |
|
1,633,588 |
1,623,542 |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
1,633,588 |
1,623,542 |
|
|
------------ |
------------ |
Net assets |
|
1,633,588 |
1,623,542 |
|
|
------------ |
------------ |
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|
|
|
|
Capital and reserves
Called up share capital |
|
1,500 |
1,500 |
Profit and loss account |
|
1,632,088 |
1,622,042 |
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|
------------ |
------------ |
Shareholders funds |
|
1,633,588 |
1,623,542 |
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------------ |
------------ |
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|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
16 April 2024
, and are signed on behalf of the board by:
Company registration number:
04390199
M A CONSULTING TRADE AND FINANCE LIMITED |
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Notes to the Financial Statements |
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Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Perseverance Works, Kingsland Road, London, E3 8DD, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
|
2024 |
2023 |
|
€ |
€ |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,632,553 |
1,622,468 |
Other debtors |
2,086 |
2,086 |
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------------ |
------------ |
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1,634,639 |
1,624,554 |
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------------ |
------------ |
|
|
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5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
€ |
€ |
Other creditors |
1,051 |
1,012 |
|
------- |
------- |
|
|
|
6.
Financial instruments
Where reduced disclosures are applied, disclosures from the Companies Act 2006 still need to be made regarding the fair value of the instruments in each category and the changes in value recognised in profit and loss. Disclosures of the significant assumptions underlying the valuation models and techniques used, and extent and nature of derivative instruments are also required. Additional disclosures are also required relating to defaults and breaches on loans payable information relating to financial instruments at fair value through profit or loss that are not held as part of a trading portfolio and are not derivatives.