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REGISTERED NUMBER: 00274466 (England and Wales)















MAEDAW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

5 APRIL 2024






MAEDAW LIMITED (REGISTERED NUMBER: 00274466)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


MAEDAW LIMITED (REGISTERED NUMBER: 00274466)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 583 1,772
Investments 5 265,369 466,398
265,952 468,170

CURRENT ASSETS
Debtors 6 318,435 238,024
Cash at bank 24,825 62,688
343,260 300,712
CREDITORS
Amounts falling due within one year 7 18,576 26,121
NET CURRENT ASSETS 324,684 274,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,636

742,761

PROVISIONS FOR LIABILITIES 28,403 50,060
NET ASSETS 562,233 692,701

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Fair value reserve 113,615 200,243
Retained earnings 445,618 489,458
SHAREHOLDERS' FUNDS 562,233 692,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAEDAW LIMITED (REGISTERED NUMBER: 00274466)

BALANCE SHEET - continued
5 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mrs N E Wineberg - Director


MAEDAW LIMITED (REGISTERED NUMBER: 00274466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

Maedaw Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00274466

Registered office: Harborough House
No.1 London Road
Oadby
Leicester
LE2 5DL

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MAEDAW LIMITED (REGISTERED NUMBER: 00274466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 10,707
DEPRECIATION
At 6 April 2023 8,935
Charge for year 1,189
At 5 April 2024 10,124
NET BOOK VALUE
At 5 April 2024 583
At 5 April 2023 1,772

MAEDAW LIMITED (REGISTERED NUMBER: 00274466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2023 466,398
Additions 31,041
Disposals (145,442 )
Revaluations (86,628 )
At 5 April 2024 265,369
NET BOOK VALUE
At 5 April 2024 265,369
At 5 April 2023 466,398

Cost or valuation at 5 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 265,369

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 151,755 266,156

Fixed asset investments were valued on an open market basis on 5 April 2024 by Rathbone Investment Management .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 318,435 238,024

MAEDAW LIMITED (REGISTERED NUMBER: 00274466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 12,501 20,854
Other creditors 6,075 5,267
18,576 26,121

8. RELATED PARTY DISCLOSURES

Included in other debtors at the year end is a loan balance of £318,435 (2023: £238,024) due from DawNew US Corp, a company in which the director has an interest. There is an annual interest charge on the loan of 0.5% above Bank of England base rate.

9. ULTIMATE CONTROLLING PARTY

The controlling party is D A A Wineberg.