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REGISTERED NUMBER: 04464520 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2023

for

M G Shaw (UK) Limited

M G Shaw (UK) Limited (Registered number: 04464520)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M G Shaw (UK) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: N S Matthews



REGISTERED OFFICE: 4 High Street
Norton
Stockton on Tees
TS20 1DN



REGISTERED NUMBER: 04464520 (England and Wales)



ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX



REGULATED BY: Financial Conduct Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

M G Shaw (UK) Limited (Registered number: 04464520)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 -
Tangible assets 5 3,992 5,691
Investments 6 124,664 111,817
203,656 117,508

CURRENT ASSETS
Debtors 7 321,115 279,867
Cash at bank and in hand 478,511 427,283
799,626 707,150
CREDITORS
Amounts falling due within one year 8 276,803 47,913
NET CURRENT ASSETS 522,823 659,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

726,479

776,745

PROVISIONS FOR LIABILITIES 37,000 28,000
NET ASSETS 689,479 748,745

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 689,379 748,645
SHAREHOLDERS' FUNDS 689,479 748,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

M G Shaw (UK) Limited (Registered number: 04464520)

Balance Sheet - continued
30 November 2023


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 27 August 2024 and were signed by:





N S Matthews - Director


M G Shaw (UK) Limited (Registered number: 04464520)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

M G Shaw (UK) 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents fees and commission receivable for the provision of financial advice.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. The period chosen for writing off intangible assets is 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.


M G Shaw (UK) Limited (Registered number: 04464520)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

M G Shaw (UK) Limited (Registered number: 04464520)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022 160,000
Additions 90,000
At 30 November 2023 250,000
AMORTISATION
At 1 December 2022 160,000
Charge for year 15,000
At 30 November 2023 175,000
NET BOOK VALUE
At 30 November 2023 75,000
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 5,431 18,967 24,398
DEPRECIATION
At 1 December 2022 1,776 16,931 18,707
Charge for year 525 1,174 1,699
At 30 November 2023 2,301 18,105 20,406
NET BOOK VALUE
At 30 November 2023 3,130 862 3,992
At 30 November 2022 3,655 2,036 5,691

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2022 111,817
Revaluations 12,847
At 30 November 2023 124,664
NET BOOK VALUE
At 30 November 2023 124,664
At 30 November 2022 111,817

M G Shaw (UK) Limited (Registered number: 04464520)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. FIXED ASSET INVESTMENTS - continued

The fixed asset investment represents shares held in a company listed on the Alternative Investment Market. At the year end the shares were valued at the prevailing stock market price. As a result £12,847 has been credited to the Profit and Loss as a fair value adjustment.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 50,732 52,123
Directors' current accounts 191,631 157,040
Taxation 78,752 70,704
321,115 279,867

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation 27,428 34,121
Other creditors 50,729 8,500
Accrued expenses 198,646 5,292
276,803 47,913

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £7,675 (2022 - £21,504).

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
N S Matthews
Balance outstanding at start of year 157,040 168,999
Amounts advanced 34,591 -
Amounts repaid - (11,959 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 191,631 157,040

Interest of 2.25% has been charged on the amounts advanced to the director.

M G Shaw (UK) Limited (Registered number: 04464520)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

12. RELATED PARTY DISCLOSURES

During the year ended 30 November 2017 the company lent £42,495 to a relative of the director. Interest is charged at 2.25% on this loan. At the year end the company was owed £49,582 (2022 - £48,491).