Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse2023-01-01No description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14094826 2023-01-01 2023-12-31 14094826 2022-05-09 2022-12-31 14094826 2023-12-31 14094826 2022-12-31 14094826 c:Director1 2023-01-01 2023-12-31 14094826 d:CurrentFinancialInstruments 2023-12-31 14094826 d:CurrentFinancialInstruments 2022-12-31 14094826 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14094826 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14094826 d:ShareCapital 2023-12-31 14094826 d:ShareCapital 2022-12-31 14094826 c:FRS102 2023-01-01 2023-12-31 14094826 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14094826 c:FullAccounts 2023-01-01 2023-12-31 14094826 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14094826










MFP BABYLON HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MFP BABYLON HOLDINGS LIMITED
REGISTERED NUMBER: 14094826

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
19,765,100
16,200,100

  
19,765,100
16,200,100

Creditors: amounts falling due within one year
 5 
(19,765,000)
(16,200,000)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


The directors consider 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 directors acknowledge their 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 income statement 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: 




W K D Laxton
Director

Date: 19 September 2024

The notes on pages 3 to 4 form part of these financial statements.
Page 1

 
MFP BABYLON HOLDINGS LIMITED
REGISTERED NUMBER: 14094826
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
MFP BABYLON HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

MFP Babylon Holdings Limited is a private company, limited by shares, registered in England and Wales. Its registered and trading address is 2 Babmaes Street, London, SW1Y 6HD.

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

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.

 
2.3

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.

 
2.4

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 Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
19,765,000
16,200,000

Called up share capital not paid
100
100

19,765,100
16,200,100


Page 3

 
MFP BABYLON HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Shareholder loans
19,765,000
16,200,000

19,765,000
16,200,000


Shareholder loans are non-interest bearing and repayable upon demand.


6.


Controlling party

The immediate parent company and the ultimate parent company is Mactaggart Heritable Limited, which is registered in England and Wales. Mactaggart Heritable Limited produces consolidated financial statements that are available to the public, from Registrar of Companies at Companies House.
The directors consider there to be no ultimate controlling party.

Page 4