Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01truefalse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07176693 2023-04-01 2024-03-31 07176693 2022-04-01 2023-03-31 07176693 2024-03-31 07176693 2023-03-31 07176693 c:Director1 2023-04-01 2024-03-31 07176693 d:OfficeEquipment 2023-04-01 2024-03-31 07176693 d:OfficeEquipment 2024-03-31 07176693 d:OfficeEquipment 2023-03-31 07176693 d:OtherPropertyPlantEquipment 2024-03-31 07176693 d:OtherPropertyPlantEquipment 2023-03-31 07176693 d:CurrentFinancialInstruments 2024-03-31 07176693 d:CurrentFinancialInstruments 2023-03-31 07176693 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07176693 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07176693 d:ShareCapital 2024-03-31 07176693 d:ShareCapital 2023-03-31 07176693 d:RetainedEarningsAccumulatedLosses 2024-03-31 07176693 d:RetainedEarningsAccumulatedLosses 2023-03-31 07176693 c:FRS102 2023-04-01 2024-03-31 07176693 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07176693 c:FullAccounts 2023-04-01 2024-03-31 07176693 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07176693 2 2023-04-01 2024-03-31 07176693 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07176693









MADKAP HOLDINGS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MADKAP HOLDINGS LIMITED
REGISTERED NUMBER: 07176693

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
523
644

  
523
644

Creditors: amounts falling due within one year
 6 
(19,571)
(21,770)

Net current liabilities
  
 
 
(19,048)
 
 
(21,126)

Total assets less current liabilities
  
(19,048)
(21,126)

  

Net liabilities
  
(19,048)
(21,126)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(19,148)
(21,226)

  
(19,048)
(21,126)


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 October 2024.



A. Kirby
Director

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

Page 1

 
MADKAP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Madkap Holdings Limited is a private company limited by share capital, incorporated in England and Wales, registration number 07176693. The address of the registered office is Calder & Co, 30 Orange Street, London WC2H 7HF.

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 on a going concern basis and the shareholders/director will not demand repayment of the directors loan account and will continue to provide support.

 
2.3

Revenue

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. Revenue represents fees from consultancy services.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% Straight Line

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

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 2

 
MADKAP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

 
2.7

Interest income

Interest income is recognised in the Statement of comprehensive income as received.

 
2.8

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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.



3.


Employees

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


4.


Taxation



Factors affecting tax charge for the year

The company has a tax loss brought forward of £12,248 to offset against the current year profit.


Factors that may affect future tax charges

The company has tax losses of £10,170 to carry forward and offset against future profits.

Page 3

 
MADKAP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Office equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 April 2023
9,374
1,080
10,454



At 31 March 2024

9,374
1,080
10,454



Depreciation


At 1 April 2023
9,374
1,080
10,454



At 31 March 2024

9,374
1,080
10,454



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
-
-
-


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
19,091
21,290

Accruals
480
480

19,571
21,770


 
Page 4