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REGISTERED NUMBER: 04075007 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Megastone Limited

Megastone Limited (Registered number: 04075007)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Megastone Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Gordon James Lough





REGISTERED OFFICE: 87 Station Road
Ashington
Northumberland
NE63 8RS





REGISTERED NUMBER: 04075007 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Megastone Limited

The following reproduces the text of the report prepared for the director 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 Report of the Director 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 Megastone Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 director of Megastone Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Megastone Limited and state those matters that we have agreed to state to the director of Megastone Limited 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 Megastone Limited and its director for our work or for this report.

It is your duty to ensure that Megastone 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 profit of Megastone Limited. You consider that Megastone 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 Megastone 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.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


25 July 2024

Megastone Limited (Registered number: 04075007)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 412,584 412,584

CURRENT ASSETS
Cash at bank 42 42

CREDITORS
Amounts falling due within one year 5 170 170
NET CURRENT LIABILITIES (128 ) (128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,456

412,456

CAPITAL AND RESERVES
Called up share capital 82,600 82,600
Capital redemption reserve 67,400 67,400
Retained earnings 262,456 262,456
SHAREHOLDERS' FUNDS 412,456 412,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Megastone Limited (Registered number: 04075007)

Balance Sheet - continued
31 March 2024


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 25 July 2024 and were signed by:





Mr Gordon James Lough - Director


Megastone Limited (Registered number: 04075007)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Megastone 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Megastone Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, with directors performing a valuation review to assess the need for impairment provision.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 412,584
NET BOOK VALUE
At 31 March 2024 412,584
At 31 March 2023 412,584

Megastone Limited (Registered number: 04075007)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS - continued

The company owns 100% of the issued share capital of Anglitemp Limited registered in England and Wales. The principal activity of Anglitemp Limited is that of the manufacture and fabrication of industrial insulation materials.

The results for Anglitemp Limited were:
Year End
31 March 2024
£   
Profit for the period 235,285

CAPITAL AND RESERVES
Called up share capital 10,000
Revaluation Reserve 90,233
Retained earnings 433,361
SHAREHOLDERS' FUNDS 533,594


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 170 170

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.