Company registration number 08647472 (England and Wales)
Squared MT Holdings Ltd
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Squared MT Holdings Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Squared MT Holdings Ltd
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
400
400
Current assets
Debtors
5
1,977,129
1,977,129
Cash at bank and in hand
102
102
1,977,231
1,977,231
Creditors: amounts falling due within one year
6
(628)
(628)
Net current assets
1,976,603
1,976,603
Net assets
1,977,003
1,977,003
Capital and reserves
Called up share capital
400
400
Profit and loss reserves
1,976,603
1,976,603
Total equity
1,977,003
1,977,003

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 August 2024 and are signed on its behalf by:
J B Finegold
Director
Company registration number 08647472 (England and Wales)
Squared MT Holdings Ltd
Notes to the financial statements
for the year ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Fixed asset investments

Fixed asset investments represented by investment properties are included at the director's estimate of fair value with any gains being recognised in the income statement together with deferred taxation, where applicable.

Group accounts

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
Squared MT Holdings Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 3 -
4
Fixed asset investments
2023
2022
£
£
Investments
400
400
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2023 & 31 December 2023
400
Carrying amount
At 31 December 2023
400
At 31 December 2022
400
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,977,129
1,977,129
6
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
628
628
7
Parent company

The ultimate parent company is Infiniti Medical LLC, a company incorporated in the United States of America, whose registered office is 274 Redwood Shores PKWY #138, Redwood City, California, United States, 94065.

 

8
Company information

Squared MT Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 100 Avebury Boulevard, Milton Keynes, MK9 1FH.

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