Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Mr C B MacDonald BDS MFGDP (UK) 12/02/2010 Mr G P Morson BDS 12/02/2010 04 August 2024 The principal activity of the company continued to be that of an ex corporate partner. SC372889 2024-02-29 SC372889 bus:Director1 2024-02-29 SC372889 bus:Director2 2024-02-29 SC372889 core:CurrentFinancialInstruments 2024-02-29 SC372889 core:CurrentFinancialInstruments 2023-02-28 SC372889 2023-02-28 SC372889 core:ShareCapital 2024-02-29 SC372889 core:ShareCapital 2023-02-28 SC372889 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC372889 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC372889 bus:OrdinaryShareClass1 2024-02-29 SC372889 2023-03-01 2024-02-29 SC372889 bus:FilletedAccounts 2023-03-01 2024-02-29 SC372889 bus:SmallEntities 2023-03-01 2024-02-29 SC372889 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC372889 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC372889 bus:Director1 2023-03-01 2024-02-29 SC372889 bus:Director2 2023-03-01 2024-02-29 SC372889 2022-03-01 2023-02-28 SC372889 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 SC372889 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC372889 (Scotland)

MARDC LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

MARDC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024

Contents

MARDC LIMITED

BALANCE SHEET

AS AT 29 FEBRUARY 2024
MARDC LIMITED

BALANCE SHEET (continued)

AS AT 29 FEBRUARY 2024
2024 2023
£ £
Current assets
Debtors 3 1,517,204 1,517,924
Cash at bank and in hand 71 71
1,517,275 1,517,995
Creditors: amounts falling due within one year 4 ( 793) ( 671)
Net current assets 1,516,482 1,517,324
Total assets less current liabilities 1,516,482 1,517,324
Net assets 1,516,482 1,517,324
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 1,516,382 1,517,224
Total shareholders' funds 1,516,482 1,517,324

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of MARDC Limited (registered number: SC372889) were approved and authorised for issue by the Board of Directors on 04 August 2024. They were signed on its behalf by:

Mr G P Morson BDS
Director
MARDC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
MARDC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MARDC Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit 2a The Paddock, Stirling Agricultural Centre, Stirling, FK9 4RN, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting polices, the directors are required to make judgements, estimated and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimated and assumptions are reviewed on an ongoing basis. Revisions to accounting estimated are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Other debtors

The company was a corporate partner in the partnership of Macdonald & Morson Dentalcare until 31 March 2014. Included in the debtors is £1,515,052 (2023: £1,515,052) which was the company's interest in the partnership of Macdonald & Morson Dentalcare.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Amounts owed by directors 362 1,082
Corporation tax 1,790 1,790
Other debtors 1,515,052 1,515,052
1,517,204 1,517,924

4. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 793 671

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

Other related party transactions

2024 2023
£ £
Amounts owed by key management personnel. 361 1,081

During the year - Amounts owed by key management personnel £181 (2023: £541)
During the year - Amounts owed by key management personnel £180 (2023: £540)