Caseware UK (AP4) 2023.0.135 2023.0.135 false0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue0No description of principal activity2023-01-01true 10522796 2023-01-01 2023-12-31 10522796 2022-01-01 2022-12-31 10522796 2023-12-31 10522796 2022-12-31 10522796 c:Director2 2023-01-01 2023-12-31 10522796 d:CurrentFinancialInstruments 2023-12-31 10522796 d:CurrentFinancialInstruments 2022-12-31 10522796 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10522796 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10522796 d:ShareCapital 2023-12-31 10522796 d:ShareCapital 2022-12-31 10522796 d:RetainedEarningsAccumulatedLosses 2023-12-31 10522796 d:RetainedEarningsAccumulatedLosses 2022-12-31 10522796 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10522796 c:OrdinaryShareClass1 2023-12-31 10522796 c:OrdinaryShareClass1 2022-12-31 10522796 c:FRS102 2023-01-01 2023-12-31 10522796 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10522796 c:FullAccounts 2023-01-01 2023-12-31 10522796 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10522796 2 2023-01-01 2023-12-31 10522796 6 2023-01-01 2023-12-31 10522796 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10522796










MAMJ Holdings Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
MAMJ Holdings Limited
Registered number: 10522796

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
10,148,799
9,173,445

Current assets
  

Debtors: amounts falling due within one year
 5 
1,694,434
1,677,906

Cash at bank and in hand
  
11,835
224,281

Creditors: amounts falling due within one year
 6 
(11,760,867)
(11,762,738)

Net current liabilities
  
 
 
(10,054,598)
 
 
(9,860,551)

  

Net assets/(liabilities)
  
94,201
(687,106)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
94,199
(687,108)

  
94,201
(687,106)


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 on 25 September 2024.




................................................
Mark Angus Jeffery
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MAMJ Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

MAMJ Holdings Limited (formerly known as The Research Partnership Investments Limited) is a private company Limited by shares, incorporated and domiciled in England & Wales. The Company's registered address is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA and principal place of business is 4 Malbrook Road, London, SW15 6UF. Their prinicpal activity is that of an investment company. 

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 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

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 2

 
MAMJ Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

 
2.9

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).


4.


Fixed asset investments





Listed investments
Cash held as investments
Total

£
£
£



Valuation


At 1 January 2023
9,162,448
10,997
9,173,445


Additions
335,378
-
335,378


Revaluations
633,644
-
633,644


Net cash invested/withdrawn
-
6,332
6,332



At 31 December 2023
10,131,470
17,329
10,148,799




Page 3

 
MAMJ Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

5.


Debtors

2023
2022
£
£


Other debtors
1,694,432
1,677,904

Called up share capital not paid
2
2

1,694,434
1,677,906



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
11,755,217
11,755,217

Accruals and deferred income
5,650
7,521

11,760,867
11,762,738



7.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



2 (2021: 2) Ordinary shares of £1.00 each
2
2



8.


Related party transactions

During the year the company received rental income totalling £Nil (2022: £7,000) on behalf of Research Partnership Investments France, a company under common control, and paid expenses totalling £16,528 (2022: £12,800) on behalf of Research Partnership Investments France. At the year end, the company was owed £1,694,432 (2022: £1,677,904) by Research Partnership Investments France. This balance is included in 'Other Debtors' in Note 5.
At the balance sheet date, a balance of £5,877,609 was owed to Mark Jeffery, a director of the company.
At the balance sheet date, a balance of £5,877,608 was owed to Mary Assimakopoulos , a director of the company.


9.


Controlling party

The Company considers its ultimate control relationship to be M Assimakopoulos and M A Jeffery, as directors and ultimate shareholders. Each director holds 50% of the shareholding in the company. 


Page 4