Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-04-0122truetruefalse 08426868 2023-04-01 2024-03-31 08426868 2022-04-01 2023-03-31 08426868 2024-03-31 08426868 2023-03-31 08426868 c:Director1 2023-04-01 2024-03-31 08426868 c:Director2 2023-04-01 2024-03-31 08426868 c:RegisteredOffice 2023-04-01 2024-03-31 08426868 d:PlantMachinery 2023-04-01 2024-03-31 08426868 d:PlantMachinery 2024-03-31 08426868 d:PlantMachinery 2023-03-31 08426868 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08426868 d:CurrentFinancialInstruments 2024-03-31 08426868 d:CurrentFinancialInstruments 2023-03-31 08426868 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08426868 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08426868 d:ShareCapital 2024-03-31 08426868 d:ShareCapital 2023-03-31 08426868 d:RetainedEarningsAccumulatedLosses 2024-03-31 08426868 d:RetainedEarningsAccumulatedLosses 2023-03-31 08426868 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08426868 c:OrdinaryShareClass1 2024-03-31 08426868 c:OrdinaryShareClass1 2023-03-31 08426868 c:FRS102 2023-04-01 2024-03-31 08426868 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08426868 c:FullAccounts 2023-04-01 2024-03-31 08426868 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08426868 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08426868










LADIES MAC NAB CHALLENGE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
LADIES MAC NAB CHALLENGE LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mrs L Boedts 
Y A Janssen 




REGISTERED NUMBER
08426868



REGISTERED OFFICE
55 Cheval Place

London

United Kingdom

SW7 1EW




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
LADIES MAC NAB CHALLENGE LIMITED
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LADIES MAC NAB CHALLENGE LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ladies Mac Nab Challenge Limited for the year ended 31 March 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of directors of Ladies Mac Nab Challenge Limited, as a body, in accordance with the terms of our engagement letter dated 16 May 2018Our work has been undertaken solely to prepare for your approval the financial statements of Ladies Mac Nab Challenge Limited and state those matters that we have agreed to state to the Board of directors of Ladies Mac Nab Challenge Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ladies Mac Nab Challenge Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Ladies Mac Nab Challenge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ladies Mac Nab Challenge Limited. You consider that Ladies Mac Nab Challenge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Ladies Mac Nab Challenge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
11 October 2024
Page 1

 
LADIES MAC NAB CHALLENGE LIMITED
REGISTERED NUMBER: 08426868

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
206
258

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
260
742

Cash at bank and in hand
  
1,180
498

  
1,440
1,240

Creditors: amounts falling due within one year
 6 
(14,711)
(14,611)

NET CURRENT LIABILITIES
  
 
 
(13,271)
 
 
(13,371)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(13,065)
(13,113)

  

NET LIABILITIES
  
(13,065)
(13,113)


CAPITAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
(13,066)
(13,114)

  
(13,065)
(13,113)


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 10 October 2024.




Mrs L Boedts
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LADIES MAC NAB CHALLENGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Ladies Mac Nab Challenge Limited is a private company, limited by shares, incorporated in England with the registration number 08426868. The registered office is Cheval Place, 55, London, England, SW7 1EW.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

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

GOING CONCERN

The accounts have been prepared under the going concern basis. The company has net liabilities and is dependent on the continued support of the director, L Boedts. It is envisaged that this support will continue for the foreseeable future.

 
2.3

TURNOVER

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
LADIES MAC NAB CHALLENGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance

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.

 
2.5

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
LADIES MAC NAB CHALLENGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 April 2023
2,221



At 31 March 2024

2,221



DEPRECIATION


At 1 April 2023
1,963


Charge for the year on owned assets
52



At 31 March 2024

2,015



NET BOOK VALUE



At 31 March 2024
206



At 31 March 2023
258


5.


DEBTORS

2024
2023
£
£


Other debtors
260
742



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other creditors
13,811
13,811

Accruals and deferred income
900
800

14,711
14,611



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1


Page 5

 
LADIES MAC NAB CHALLENGE LIMITED
 

 Page 6