Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.002023-01-01falsefalsefalse 12488102 2023-01-01 2023-12-31 12488102 2022-01-01 2022-12-31 12488102 2023-12-31 12488102 2022-12-31 12488102 c:Director3 2023-01-01 2023-12-31 12488102 d:CurrentFinancialInstruments 2023-12-31 12488102 d:CurrentFinancialInstruments 2022-12-31 12488102 d:ShareCapital 2023-12-31 12488102 d:ShareCapital 2022-12-31 12488102 d:RetainedEarningsAccumulatedLosses 2023-12-31 12488102 d:RetainedEarningsAccumulatedLosses 2022-12-31 12488102 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12488102 c:OrdinaryShareClass1 2023-12-31 12488102 c:OrdinaryShareClass1 2022-12-31 12488102 c:OrdinaryShareClass2 2023-01-01 2023-12-31 12488102 c:OrdinaryShareClass2 2023-12-31 12488102 c:OrdinaryShareClass2 2022-12-31 12488102 c:OrdinaryShareClass3 2023-01-01 2023-12-31 12488102 c:OrdinaryShareClass3 2023-12-31 12488102 c:OrdinaryShareClass3 2022-12-31 12488102 c:OrdinaryShareClass4 2023-01-01 2023-12-31 12488102 c:OrdinaryShareClass4 2023-12-31 12488102 c:OrdinaryShareClass4 2022-12-31 12488102 c:FRS102 2023-01-01 2023-12-31 12488102 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12488102 c:FullAccounts 2023-01-01 2023-12-31 12488102 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12488102 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12488102










MFP EAGLE HOUSE ASSET MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MFP EAGLE HOUSE ASSET MANAGEMENT LIMITED
REGISTERED NUMBER: 12488102

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: Amounts falling due within one year
 4 
120
120

Cash at bank and in hand
 5 
13,421
22,708

  
13,541
22,828

Total assets less current liabilities
  
 
 
13,541
 
 
22,828

  

Net assets
  
13,541
22,828


Capital and reserves
  

Called up share capital 
 6 
120
120

Profit and loss account
  
13,421
22,708

  
13,541
22,828


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 2 to 4 form part of these financial statements.
Page 1

 
MFP EAGLE HOUSE ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

MFP Eagle House Asset Management Limited is a private limited company, limited by shares, registered in England and Wales, registration number 12488102. The registered office and trading address is 2 Babmaes Street, London, United Kingdom, 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements for the Company have been prepared on a going concern basis. The Company recorded a profit after tax for the year of £20,713 and had net assets of £13,541  at the date of the Statement of Financial Position.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next twelve months following approval of these financial statements. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
MFP EAGLE HOUSE ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




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


4.


Debtors

2023
2022
£
£


Other debtors
120
120


Page 3

 
MFP EAGLE HOUSE ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Cash

2023
2022
£
£

Cash at bank and in hand
13,421
22,708



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Class A shares of £0.001 each
10
10
10,000 (2022 - 10,000) Class B shares of £0.001 each
10
10
100 (2022 - 100) Class C shares of £0.001 each
-
-
100 (2022 - 100) Ordinary shares of £1.000 each
100
100

120

120



7.


Related party transactions

Advantage has been taken by the Company of the exemptions provided by Section 33.1A of FRS 102 not to disclose group transactions because it is a wholly owned subsidiary of a company preparing consolidated accounts.


8.


Controlling party

The immediate parent company is Western Heritable Limited and the ultimate parent company is Mactaggart Heritable Limited, both of which are 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