Caseware UK (AP4) 2023.0.135 2023.0.135 false32022-12-01true3falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08306126 2022-12-01 2023-11-30 08306126 2023-11-30 08306126 2021-12-01 2022-11-30 08306126 2022-11-30 08306126 c:Director1 2022-12-01 2023-11-30 08306126 d:CurrentFinancialInstruments 2023-11-30 08306126 d:CurrentFinancialInstruments 2022-11-30 08306126 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08306126 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08306126 d:ShareCapital 2023-11-30 08306126 d:ShareCapital 2022-11-30 08306126 c:FRS102 2022-12-01 2023-11-30 08306126 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08306126 c:FullAccounts 2022-12-01 2023-11-30 08306126 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08306126 6 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 08306126













McCourt Holdings (UK) Limited

Financial statements
Information for filing with the registrar

30 November 2023




 
McCourt Holdings (UK) Limited


Balance sheet
At 30 November 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
 4 
1,000
1,000

  
1,000
1,000

Current assets
  

Debtors
 5 
26,663
28,472

  
26,663
28,472

Creditors: amounts falling due within one year
 6 
(26,663)
(28,472)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
1,000
1,000

  

Net assets
  
1,000
1,000


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Shareholders' funds
  
1,000
1,000


1

 
McCourt Holdings (UK) Limited

    
Balance sheet (continued)
At 30 November 2023

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

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 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 comprehensive income 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 12 August 2024.




B Stoikovich
Director

Company registered number: 08306126
The notes on pages 3 to 4 form part of these financial statements. 

2

 
McCourt Holdings (UK) Limited
 
 

Notes to the financial statements
Year ended 30 November 2023

1.


General information

McCourt Holdings (UK) Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.

2.Statement of Compliance

 
2.1

Basis of Preparation

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Profit and loss account

The company has not traded during the year or the preceding financial year. 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.

 
2.3

Going concern

The company continues with the ongoing support from Sovereign Metals Limited, the ultimate parent company, which is incorporated in Australia.

 
2.4

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

  
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

3

 
McCourt Holdings (UK) Limited
 
 

Notes to the financial statements
Year ended 30 November 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 December 2022
1,000



At 30 November 2023
1,000




The company owns 100% of the issued share capital of McCourt Mining (UK) Limited, a company registered in England. The company also owns 1% of the investment held in McCourt Mining Limited and Sovereign Services Limited, subsidiary companies of McCourt Mining (UK) Limited, which are registered in Malawi.


5.


Debtors

As restated
2023
2022
£
£


Amounts owed by group undertakings
25,663
27,472

Called up share capital not paid
1,000
1,000

26,663
28,472



6.


Creditors: amounts falling due within one year

As restated
2023
2022
£
£

Amounts owed to group undertakings
25,663
27,472

Other creditors
1,000
1,000

26,663
28,472



7.


Controlling party

McCourt Mining Pty Ltd is the parent company and Sovereign Metals Limited, a company incorporated in Australia, is considered to be the ultimate controlling party.

4