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REGISTERED NUMBER: 14246268 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024

FOR

MADRIGAL HOLDINGS LIMITED

MADRIGAL HOLDINGS LIMITED (REGISTERED NUMBER: 14246268)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MADRIGAL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5TH APRIL 2024







DIRECTORS: A V Bhonsle
V Bhonsle





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 14246268 (England and Wales)






MADRIGAL HOLDINGS LIMITED (REGISTERED NUMBER: 14246268)

BALANCE SHEET
5TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240 360
Investment property 5 420,000 420,000
420,240 420,360

CURRENT ASSETS
Debtors 6 2,883 2,692
Cash at bank and in hand 372,840 4,289
375,723 6,981
CREDITORS
Amounts falling due within one year 7 6,742 8,932
NET CURRENT ASSETS/(LIABILITIES) 368,981 (1,951 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,221

418,409

CREDITORS
Amounts falling due after more than one year 8 805,000 450,000
NET LIABILITIES (15,779 ) (31,591 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve (23,960 ) (23,960 )
Retained earnings 8,081 (7,731 )
SHAREHOLDERS' FUNDS (15,779 ) (31,591 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th July 2024 and were signed on its behalf by:




A V Bhonsle - Director


MADRIGAL HOLDINGS LIMITED (REGISTERED NUMBER: 14246268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2024


1. STATUTORY INFORMATION

Madrigal Holdings 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.

After making due enquiries, the director is confident that the company has sufficient resources to continue in existence for foreseeable future. For this reason he continues to adopt the going concern basis in preparing these financial statements. These financial statements have been prepared on the going concern basis as the director and shareholder have provided assurances of financial support to the company to enable it to meets it liabilities as and when they fall due in the next 12 months.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Rental income
Rental income receivable from the investment property is recognised over the term of the lease.

3. EMPLOYEES AND DIRECTORS

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

MADRIGAL HOLDINGS LIMITED (REGISTERED NUMBER: 14246268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6th April 2023
and 5th April 2024 540
DEPRECIATION
At 6th April 2023 180
Charge for year 120
At 5th April 2024 300
NET BOOK VALUE
At 5th April 2024 240
At 5th April 2023 360

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6th April 2023
and 5th April 2024 420,000
NET BOOK VALUE
At 5th April 2024 420,000
At 5th April 2023 420,000

Fair value at 5th April 2024 is represented by:
£   
Valuation in 2022 (23,960 )
Cost 443,960
420,000

Investment property was valued at £420,000 at the year end by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,883 2,692

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,810 -
Other creditors 4,932 8,932
6,742 8,932

MADRIGAL HOLDINGS LIMITED (REGISTERED NUMBER: 14246268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 805,000 450,000

Entire balance of £805,000 is due to the director and it is an unsecured loan.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary share capital £1 100 100

10. POST BALANCE SHEET EVENTS

The company acquired a property in June 2024 for £440,506 plus legal costs.

11. ULTIMATE CONTROLLING PARTY

The controlling party is A V Bhonsle.