Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31No description of principal activity22023-01-04falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14569623 2023-01-03 14569623 2023-01-04 2024-01-31 14569623 2022-01-04 2023-01-03 14569623 2024-01-31 14569623 c:Director1 2023-01-04 2024-01-31 14569623 d:CurrentFinancialInstruments 2024-01-31 14569623 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14569623 d:ShareCapital 2024-01-31 14569623 d:RetainedEarningsAccumulatedLosses 2024-01-31 14569623 c:OrdinaryShareClass1 2023-01-04 2024-01-31 14569623 c:OrdinaryShareClass1 2024-01-31 14569623 c:FRS102 2023-01-04 2024-01-31 14569623 c:AuditExempt-NoAccountantsReport 2023-01-04 2024-01-31 14569623 c:FullAccounts 2023-01-04 2024-01-31 14569623 c:PrivateLimitedCompanyLtd 2023-01-04 2024-01-31 14569623 e:PoundSterling 2023-01-04 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14569623









MARKIT PRODUCTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
MARKIT PRODUCTIONS LTD
REGISTERED NUMBER: 14569623

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

  

  

Creditors: amounts falling due within one year
 4 
(5,083)

Net current (liabilities)/assets
  
 
 
(5,083)

Total assets less current liabilities
  
(5,083)

  

Net (liabilities)/assets
  
(5,083)


Capital and reserves
  

Called up share capital 
 5 
2

Profit and loss account
  
(5,085)

  
(5,083)


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 period 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 comprehensive income 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 4 October 2024.




J Matthewson
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
MARKIT PRODUCTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Markit Productions Ltd is a private company limited by shares and registered in England. The addresss of its registered office is Unit 3a, 34-35 Hatton Garden, Suite 4369, London, England, EC1N 8DX.
The company was incorporated on 4 January 2023 and began trading on this date.

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 comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Debtors

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

 
2.4

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Page 2

 
MARKIT PRODUCTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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 and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
6

Other creditors
3,877

Accruals
1,200

5,083



5.


Share capital

2024
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


On 4 January 2023 the company issued 2 ordinary shares of £1 each for cash consideration.


6.


Related party transactions

During the year, advances totalling £6,908 were received from a director of the company. At the reporting date, £2,877 was due to the director.


7.


Controlling party

During the period, the company was under the control of J Matthewson and L Mark by virtue of their shareholdings.

 
Page 3