Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falseDormanttrue2023-04-24false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14822836 2023-04-23 14822836 2023-04-24 2024-04-30 14822836 2022-04-24 2023-04-23 14822836 2024-04-30 14822836 c:Director1 2023-04-24 2024-04-30 14822836 d:CurrentFinancialInstruments 2024-04-30 14822836 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14822836 d:ShareCapital 2024-04-30 14822836 d:RetainedEarningsAccumulatedLosses 2024-04-30 14822836 c:FRS102 2023-04-24 2024-04-30 14822836 c:AuditExempt-NoAccountantsReport 2023-04-24 2024-04-30 14822836 c:FullAccounts 2023-04-24 2024-04-30 14822836 c:PrivateLimitedCompanyLtd 2023-04-24 2024-04-30 14822836 6 2023-04-24 2024-04-30 14822836 e:PoundSterling 2023-04-24 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 14822836










MATES INC LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2024

 
MATES INC LTD
REGISTERED NUMBER: 14822836

BALANCE SHEET
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Investments
  
854

Current assets
  

Debtors: amounts falling due within one year
 5 
2,000

Cash at bank and in hand
  
85

  
2,085

Creditors: amounts falling due within one year
 6 
(2,439)

Net current (liabilities)/assets
  
 
 
(354)

Total assets less current liabilities
  
500

  

Net assets
  
500


Capital and reserves
  

Called up share capital 
  
2,000

Profit and loss account
  
(1,500)

  
500


Page 1

 
MATES INC LTD
REGISTERED NUMBER: 14822836
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 22 July 2024.




Jack Reeves
Director

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

Page 2

 
MATES INC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Mates Inc Ltd is a private company limited by shares, incorporated in England and Wales (registered number: 14822836). Its registered office is 128 City Road, London, EC1V 2NX. The principal activity throughout the year was that of a holding company. 
The company was incorporated on the 24 April 2023. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period.

Page 3

 
MATES INC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
854



At 30 April 2024
854





5.


Debtors

2024
£


Other debtors
2,000


Page 4

 
MATES INC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
£

Other creditors
939

Accruals and deferred income
1,500

2,439


 
Page 5