THE MAD HOUSE (READING) LIMITED

Company Registration Number:
08628970 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

THE MAD HOUSE (READING) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

THE MAD HOUSE (READING) LIMITED

Company Information

for the Period Ended 31 October 2023




Director: Jatinder Sangha
Jasvinder Bhuller
Registered office: 7
Wickham Road
Lower Earley
Reading
England
RG6 3TE
Company Registration Number: 08628970 (England and Wales)

THE MAD HOUSE (READING) LIMITED

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

The principle activity of the company in the year under review was that of children's activity centre.

Directors

The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
Jatinder Sangha
Jasvinder Bhuller

This report was approved by the board of directors on 10 September 2024
And Signed On Behalf Of The Board By:

Name: Jasvinder Bhuller
Status: Director

THE MAD HOUSE (READING) LIMITED

Profit and Loss Account

for the Period Ended 31 October 2023


Notes

2023
£

2022
£
Turnover 448,878 636,553
Cost of sales ( 317,100 ) ( 319,685 )
Gross Profit or (Loss) 131,778 316,868
Administrative Expenses ( 191,571 ) ( 247,948 )
Operating Profit or (Loss) ( 59,793 ) 68,920
Interest Payable and Similar Charges ( 16,693 ) ( 17,740 )
Profit or (Loss) Before Tax ( 76,486 ) 51,180
Tax on Profit - ( 9,724 )
Profit or (Loss) for Period ( 76,486 ) 41,456

The notes form part of these financial statements

THE MAD HOUSE (READING) LIMITED

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 6,671 8,004
Tangible assets: 5 57,615 69,901
Total fixed assets: 64,286 77,905
Current assets
Stocks: 4,804 4,804
Debtors: 6 16,804 77,904
Cash at bank and in hand: 13,285 46,107
Total current assets: 34,893 128,815
Creditors: amounts falling due within one year: 7 ( 205,079 ) ( 188,389 )
Net current assets (liabilities): ( 170,186 ) ( 59,574 )
Total assets less current liabilities: ( 105,900 ) 18,331
Creditors: amounts falling due after more than one year: 8 ( 173,901 ) ( 213,197 )
Total net assets (liabilities): ( 279,801 ) ( 194,866 )

The notes form part of these financial statements

THE MAD HOUSE (READING) LIMITED

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 314,900 314,900
Profit and loss account: ( 594,701 ) ( 509,766 )
Shareholders funds: ( 279,801 ) ( 194,866 )

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 September 2024
And Signed On Behalf Of The Board By:

Name: Jasvinder Bhuller
Status: Director

The notes form part of these financial statements

THE MAD HOUSE (READING) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE MAD HOUSE (READING) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 10 10

THE MAD HOUSE (READING) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

THE MAD HOUSE (READING) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Intangible assets

Goodwill Total
Cost £ £
At 01 November 2022 20,000 20,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2023 20,000 20,000
Amortisation
Amortisation at 01 November 2022 11,996 11,996
Charge for year 1,333 1,333
On disposals - -
Other adjustments - -
Amortisation at 31 October 2023 13,329 13,329
Net book value
Net book value at 31 October 2023 6,671 6,671
Net book value at 31 October 2022 8,004 8,004

THE MAD HOUSE (READING) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £ £
At 01 November 2022 18,046 231,525 27,326 12,619 289,516
Additions 1,814 113 - 817 2,744
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 31 October 2023 19,860 231,638 27,326 13,436 292,260
Depreciation
At 01 November 2022 15,214 192,429 6,610 5,362 219,615
Charge for year - 1,346 7,648 6,036 15,030
On disposals - - - - -
Other adjustments - - - - -
At 31 October 2023 15,214 193,775 14,258 11,398 234,645
Net book value
At 31 October 2023 4,646 37,863 13,068 2,038 57,615
At 31 October 2022 2,832 39,096 20,716 7,257 69,901

THE MAD HOUSE (READING) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Debtors


2023
£

2022
£
Prepayments and accrued income 16,804 77,904
Total 16,804 77,904

THE MAD HOUSE (READING) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 0
Trade creditors 112,065 101,351
Taxation and social security 16,532 13,238
Accruals and deferred income 76,482 73,800
Total 205,079 188,389

THE MAD HOUSE (READING) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 78,750 105,750
Other creditors 95,151 107,447
Total 173,901 213,197