Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseInvestment consultants119truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11379727 2023-02-01 2024-01-31 11379727 2022-02-01 2023-01-31 11379727 2024-01-31 11379727 2023-01-31 11379727 2022-02-01 11379727 c:Director2 2023-02-01 2024-01-31 11379727 d:Buildings d:LongLeaseholdAssets 2023-02-01 2024-01-31 11379727 d:Buildings d:LongLeaseholdAssets 2024-01-31 11379727 d:Buildings d:LongLeaseholdAssets 2023-01-31 11379727 d:OfficeEquipment 2023-02-01 2024-01-31 11379727 d:OfficeEquipment 2024-01-31 11379727 d:OfficeEquipment 2023-01-31 11379727 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11379727 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11379727 d:CurrentFinancialInstruments 2024-01-31 11379727 d:CurrentFinancialInstruments 2023-01-31 11379727 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11379727 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11379727 d:ShareCapital 2024-01-31 11379727 d:ShareCapital 2023-01-31 11379727 d:RetainedEarningsAccumulatedLosses 2024-01-31 11379727 d:RetainedEarningsAccumulatedLosses 2023-01-31 11379727 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 11379727 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 11379727 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 11379727 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 11379727 d:OtherDeferredTax 2024-01-31 11379727 d:OtherDeferredTax 2023-01-31 11379727 c:FRS102 2023-02-01 2024-01-31 11379727 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11379727 c:FullAccounts 2023-02-01 2024-01-31 11379727 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11379727 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 11379727









MW&L CAPITAL PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
MW&L CAPITAL PARTNERS LIMITED
REGISTERED NUMBER: 11379727

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 5 
343,098
15,872

  
343,098
15,872

Current assets
  

Debtors: amounts falling due within one year
 6 
868,679
670,955

Bank and cash balances
  
506,269
244,294

  
1,374,948
915,249

Creditors: amounts falling due within one year
 7 
(1,536,198)
(540,156)

Net current (liabilities)/assets
  
 
 
(161,250)
 
 
375,093

Total assets less current liabilities
  
181,848
390,965

Provisions for liabilities
  

Deferred tax
 8 
-
(4,109)

  
 
 
-
 
 
(4,109)

Net assets
  
181,848
386,856


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
181,748
386,756

  
181,848
386,856


Page 1

 
MW&L CAPITAL PARTNERS LIMITED
REGISTERED NUMBER: 11379727
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 statement of income and retained earnings 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: 







................................................
M Westerman
Director

Date: 2 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MW&L CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The principal activity of the company is that of investment consultants.
The Company is a private company, limited by shares and is incorporated in England and Wales,
The registered office address of the compnay is 5 Market Yard Mews, 194-204 Bermondsey Street, London, SE1 3TQ.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit and loss. 



 
2.3

Revenue

Turnover comprises of advisory fees recognised in accordance with the terms of the advisory agreements. All customers have an agreement in place and income is recognised on an accrual basis.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
MW&L CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MW&L CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
11%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.9

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the
recognition of financial assets and liabilities like trade and other debtors and creditors and loans to
and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies,
are initially recognised at transaction price, unless the arrangement constitutes a financing
transaction, where the transaction is measured at the present value of the future receipts discounted
at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of
interest.

Page 5

 
MW&L CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 
The following are considered to be key area of judgment and estimates by the directors:
Asset impairment testing
The company reviews its assets for impairment at each balance sheet date. If events or circumstances indicate that the carrying value may not be recoverable, the value is adjusted to the recoverable amount. 
Residual values and estimated remaining lives
The carrying value of tangible assets is depreciated over their expected useful life to an estimated residual value. The remaining useful life and the residual value of those assets are reviewed on the regular basis by management. Any changes in remaining useful life and the residual value would result in an adjustment to the current and future rate of depreciation through profit or loss.


4.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 9).

Page 6

 
MW&L CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
84,146
31,459
115,605


Additions
325,593
53,383
378,976


Disposals
(84,146)
(8,135)
(92,281)



At 31 January 2024

325,593
76,707
402,300



Depreciation


At 1 February 2023
83,865
15,867
99,732


Charge for the year on owned assets
29,726
19,314
49,040


Disposals
(84,146)
(5,423)
(89,569)



At 31 January 2024

29,445
29,758
59,203



Net book value



At 31 January 2024
296,148
46,949
343,097



At 31 January 2023
280
15,592
15,872


6.


Debtors

2024
2023
£
£


Trade debtors
35,866
281,643

Other debtors
369,273
141,914

Prepayments and accrued income
409,121
247,398

Deferred taxation
54,419
-

868,679
670,955


Page 7

 
MW&L CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
794,012
-

Trade creditors
227,331
140,813

Other taxation and social security
397,440
385,050

Other creditors
27,361
9,793

Accruals and deferred income
90,054
4,500

1,536,198
540,156


Other loans is an unsecured loan of $1,000,000 due for repayment in February 2024.  Interest is payable on this loan at a rate of 5%.


8.


Deferred taxation




2024
2023


£

£






At beginning of year
(4,109)
(12,519)


Charged to profit or loss
58,528
8,410



At end of year
54,419
(4,109)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(46,353)
(3,968)

Losses and other deductions
98,213
-

Short term timing differences
2,559
(141)

54,419
(4,109)

 
Page 8