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REGISTERED NUMBER: 06063167 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MADS BRUUN BUSINESS DEVELOPMENT LIMITED

MADS BRUUN BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 06063167)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MADS BRUUN BUSINESS DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Bruun





REGISTERED OFFICE: Lower Ground Floor
17 Lowndes Square
London
SW1X 9HB





REGISTERED NUMBER: 06063167 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

MADS BRUUN BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 06063167)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 243 323
Cash at bank 348 328
591 651
CREDITORS
Amounts falling due within one year 7 441,036 205,766
NET CURRENT LIABILITIES (440,445 ) (205,115 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(440,445

)

(205,115

)

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (440,447 ) (205,117 )
SHAREHOLDERS' FUNDS (440,445 ) (205,115 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 18 October 2024 and were signed by:





M Bruun - Director


MADS BRUUN BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 06063167)

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

1. STATUTORY INFORMATION

Mads Bruun Business Development Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company has made a loss after tax for the year of £235,330 and had a net deficiency of assets of £440,445 at the balance sheet date.

The company funds its working capital through a loan from the director who has confirmed that the loan will not be called for until such time as the company has sufficient cash reserves to do so.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair vale of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 April 2023
and 31 March 2024 11,999
Depreciation
At 1 April 2023
and 31 March 2024 11,999
Net book value
At 31 March 2024 -
At 31 March 2023 -

MADS BRUUN BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 06063167)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 243 323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 414,140 -
Director's loan account 25,998 204,866
Accrued expenses 898 900
441,036 205,766

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

9. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £25,998 (2023: £204,866) due to M Bruun, director. No interest has been charged on this balance (2023: £Nil) during the year and there are no set repayment terms.

Included within creditors is an amount of £414,140 (2023: £Nil) due to Mads Bruun Business Dev APS, a company under common control. No interest has been charged on this balance (2023: £Nil) during the year and there are no set repayment terms.