Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-01-01falseNo description of principal activity32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12316419 2023-01-01 2023-12-31 12316419 2022-01-01 2022-12-31 12316419 2023-12-31 12316419 2022-12-31 12316419 c:Director1 2023-01-01 2023-12-31 12316419 c:Director1 2023-12-31 12316419 c:Director2 2023-01-01 2023-12-31 12316419 c:RegisteredOffice 2023-01-01 2023-12-31 12316419 d:ComputerEquipment 2023-01-01 2023-12-31 12316419 d:ComputerEquipment 2023-12-31 12316419 d:ComputerEquipment 2022-12-31 12316419 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12316419 d:CurrentFinancialInstruments 2023-12-31 12316419 d:CurrentFinancialInstruments 2022-12-31 12316419 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12316419 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12316419 d:ShareCapital 2023-12-31 12316419 d:ShareCapital 2022-12-31 12316419 d:RetainedEarningsAccumulatedLosses 2023-12-31 12316419 d:RetainedEarningsAccumulatedLosses 2022-12-31 12316419 c:FRS102 2023-01-01 2023-12-31 12316419 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12316419 c:FullAccounts 2023-01-01 2023-12-31 12316419 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12316419










MCD INTERNATIONAL LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




















 
MCD INTERNATIONAL LTD
 
 
Company Information


Directors
T N Tran (resigned 12 April 2023)
N T Bui (appointed 12 April 2023)




Registered number
12316419



Registered office
3rd Floor
12 Gough Square

London

England

EC4A 3DW





 
MCD INTERNATIONAL LTD
Registered number: 12316419

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
900
-

  
900
-

Current assets
  

Debtors Within One Year
 5 
8,000,470
8,000,427

Cash at bank and in hand
  
55,439
149,434

  
8,055,909
8,149,861

Creditors: Amounts Falling Due Within One Year
 6 
(141,699)
(150,921)

Net current assets
  
 
 
7,914,210
 
 
7,998,940

Total assets less current liabilities
  
7,915,110
7,998,940

  

Net assets
  
7,915,110
7,998,940


Capital and reserves
  

Called up share capital 
  
8,000,000
8,000,000

Profit and loss account
  
(84,890)
(1,060)

  
7,915,110
7,998,940


Page 1

 
MCD INTERNATIONAL LTD
Registered number: 12316419
    
Balance sheet (continued)
As at 31 December 2023

The director considers 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 director acknowledges her 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 profit and loss account 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 by: 



N T Bui
Director

Date: 6 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MCD INTERNATIONAL LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

MCD International Ltd is a private company limited by shares, incorporated in England and Wales. The registered office is 3rd Floor, 12 Gough Square, London, England, EC4A 3DW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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.

The following principal accounting policies have been applied:

 
2.2

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
MCD INTERNATIONAL LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

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 - 2).

Page 4

 
MCD INTERNATIONAL LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,104



At 31 December 2023

1,104



Depreciation


Charge for the year on owned assets
204



At 31 December 2023

204



Net book value



At 31 December 2023
900



At 31 December 2022
-

Page 5

 
MCD INTERNATIONAL LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Called up share capital not paid
8,000,000
8,000,000

Prepayments and accrued income
470
427

8,000,470
8,000,427



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
900
840

Amounts owed to group undertakings
-
129,080

Other creditors
135,999
16,201

Accruals and deferred income
4,800
4,800

141,699
150,921


 
Page 6