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REGISTERED NUMBER: 10872812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MADISON BROOK (LIVING MARKETS) LIMITED

MADISON BROOK (LIVING MARKETS) LIMITED (REGISTERED NUMBER: 10872812)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MADISON BROOK (LIVING MARKETS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J R Lipper
R J Lucy





REGISTERED OFFICE: Railway Arches
8a Chancel Street
London
SE1 0UR





REGISTERED NUMBER: 10872812 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

MADISON BROOK (LIVING MARKETS) LIMITED (REGISTERED NUMBER: 10872812)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,909 34,918
Investments 5 25 1
28,934 34,919

CURRENT ASSETS
Debtors 6 1,636,473 1,577,532
Cash at bank and in hand 7,373 107,636
1,643,846 1,685,168
CREDITORS
Amounts falling due within one year 7 287,118 294,204
NET CURRENT ASSETS 1,356,728 1,390,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,385,662

1,425,883

CAPITAL AND RESERVES
Called up share capital 8 100 2
Retained earnings 1,385,562 1,425,881
SHAREHOLDERS' FUNDS 1,385,662 1,425,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MADISON BROOK (LIVING MARKETS) LIMITED (REGISTERED NUMBER: 10872812)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




J R Lipper - Director



R J Lucy - Director


MADISON BROOK (LIVING MARKETS) LIMITED (REGISTERED NUMBER: 10872812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Madison Brook (Living Markets) 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.

Preparation of consolidated financial statements
The financial statements contain information about Madison Brook (Living Markets) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

MADISON BROOK (LIVING MARKETS) LIMITED (REGISTERED NUMBER: 10872812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 66,071
Additions 3,643
At 31 December 2023 69,714
DEPRECIATION
At 1 January 2023 31,153
Charge for year 9,652
At 31 December 2023 40,805
NET BOOK VALUE
At 31 December 2023 28,909
At 31 December 2022 34,918

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 1
Additions 25
Disposals (1 )
At 31 December 2023 25
NET BOOK VALUE
At 31 December 2023 25
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 248,194 279,282
Amounts owed by group undertakings - 1,196,263
Other debtors 1,388,279 101,987
1,636,473 1,577,532

MADISON BROOK (LIVING MARKETS) LIMITED (REGISTERED NUMBER: 10872812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,067 3,379
Taxation and social security 147,953 242,452
Other creditors 133,098 48,373
287,118 294,204

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 2

98 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

9. RELATED PARTY DISCLOSURES

During the year the company paid £430,000 for consultancy services to the parent companies.

Included within other debtors is an amount of £35,930 owed by a subsidiary.

10. ULTIMATE CONTROLLING PARTY

As at the year end, the ultimate parent company is LWM Partnership Limited, a company incorporated in England and Wales, which holds 51% of the company. The ultimate controlling party is Mr J Lipper by virtue of his majority shareholding.