Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-01-0100truetrue 13692019 2023-01-01 2023-12-31 13692019 2021-10-20 2022-12-31 13692019 2023-12-31 13692019 2022-12-31 13692019 c:Director3 2023-01-01 2023-12-31 13692019 d:CurrentFinancialInstruments 2023-12-31 13692019 d:CurrentFinancialInstruments 2022-12-31 13692019 d:ShareCapital 2023-12-31 13692019 d:ShareCapital 2022-12-31 13692019 d:RetainedEarningsAccumulatedLosses 2023-12-31 13692019 d:RetainedEarningsAccumulatedLosses 2022-12-31 13692019 c:FRS102 2023-01-01 2023-12-31 13692019 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13692019 c:FullAccounts 2023-01-01 2023-12-31 13692019 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13692019










MFP EDINBURGH AM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MFP EDINBURGH AM LIMITED
REGISTERED NUMBER: 13692019

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
30
30

Cash at bank and in hand
 5 
18,016
224,819

  
18,046
224,849

Total assets less current liabilities
  
 
 
18,046
 
 
224,849

  

Net assets
  
18,046
224,849


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
18,016
224,819

  
18,046
224,849


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 3 form part of these financial statements.

Page 1

 
MFP EDINBURGH AM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

MFP Edinburgh AM 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

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 loss after tax for the financial year of £1,833 and had net assets of £18,016 at the date of the Statement of Financial Position.
After reviewing the Company's forecasts and projections 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.

 
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.

 
2.4

Debtors

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

Page 2

 
MFP EDINBURGH AM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

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

 
2.6

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 during the year was 0 (2022 - 0).



4.


Debtors

2023
2022
£
£


Called up share capital not paid
30
30

30
30



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,016
224,819

18,016
224,819



6.


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 3