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REGISTERED NUMBER: 13741312 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MAD STREET DEN LIMITED

MAD STREET DEN LIMITED (REGISTERED NUMBER: 13741312)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAD STREET DEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Chandrasekaran



REGISTERED OFFICE: 2 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7SA



REGISTERED NUMBER: 13741312 (England and Wales)



AUDITORS: Smartax Limited
Chartered Certified Accountants and
Statutory Auditors
38 Station Road
Harrow
Middlesex
HA2 7SE



ACCOUNTANTS: Auctus Accountants
2 Churchill Court
58 Station Road
Harrow
HA2 7SA

MAD STREET DEN LIMITED (REGISTERED NUMBER: 13741312)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 35,416 11,890
Cash at bank 39,576 18,522
74,992 30,412
CREDITORS
Amounts falling due within one year 5 27,571 16,195
NET CURRENT ASSETS 47,421 14,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,421

14,217

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 46,421 13,217
47,421 14,217

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 12 August 2024 and were signed by:





A Chandrasekaran - Director


MAD STREET DEN LIMITED (REGISTERED NUMBER: 13741312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Mad Street Den 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.

The accounts are prepared in Sterling, which is the functional currency of the entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the rendering of services.

Turnover is generated from recharges to the parent company with an applied profit markup.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

MAD STREET DEN LIMITED (REGISTERED NUMBER: 13741312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 31,574 9,050
Other debtors 3,842 2,840
35,416 11,890

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 16,140 11,613
Other creditors 11,431 4,582
27,571 16,195

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S Rajan CTA FCCA ACA (Senior Statutory Auditor)
for and on behalf of Smartax Limited

7. RELATED PARTY TRANSACTIONS

In accordance with FRS 102 paragraph 1AC 35, exemption is taken not to disclose transactions in the year between wholly owned group undertakings.

8. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, there is no ultimate controlling party of the company.

9. IMMEDIATE AND ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Mad Street Den Inc., a company registered in Delaware, USA whose registered office is situated at 303, Twin Dolphin Drive, 6th floor, #14 Redwood city, CA 94065, USA.