REGISTERED NUMBER: |
MDD INTERNATIONAL LIMITED |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
MDD INTERNATIONAL LIMITED |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
MDD INTERNATIONAL LIMITED (REGISTERED NUMBER: 10492214) |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MDD INTERNATIONAL LIMITED |
Company Information |
for the year ended 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Nightingale House |
46-48 East Street |
Epsom |
Surrey |
KT17 1HQ |
MDD INTERNATIONAL LIMITED (REGISTERED NUMBER: 10492214) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | $ | $ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES | - | - |
The director acknowledges his 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 surplus or deficit 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. |
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 |
MDD INTERNATIONAL LIMITED (REGISTERED NUMBER: 10492214) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
MDD International Limited is a |
The presentation currency of the financial statements is the US Dollar ($). |
The principal objectives of MDD International Limited are to operate the global network of member firms as an international network of independent professional services firms and provide strategic vision and direction. MDD International coordinates cooperation between members for their mutual benefit, including the promotion and facilitation of the referral of clients between members and their affiliates, the coordination of response to major catastrophic events, the development of a global marketing and business development strategy and the promotion of appropriate accounting, administrative, human resources and technology support. MDD International does not provide any client services. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
MEMBERS' CONTRIBUTIONS |
Members' contributions represent amounts paid into the company by individual member firms to fund the shared costs incurred by the company on behalf of the MDD network of firms. Any surplus of contributions retained at the end of the reporting period is deemed to be held on behalf of the individual member firms on account of any further contributions due in the following period and, as such, the company holds no reserves at the end of each period. |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
MDD INTERNATIONAL LIMITED (REGISTERED NUMBER: 10492214) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
$ | $ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
$ | $ |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
Due to the nature of the company, some of the costs included in the Income Statement include recharges of expenses incurred by firms who are members of the MDD forensic accountants network. These costs also include wages paid to Directors of the company who are also Partners or Directors of member firms. |