Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrue2023-04-01falseNo description of principal activity23falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07641006 2023-04-01 2024-03-31 07641006 2022-04-01 2023-03-31 07641006 2024-03-31 07641006 2023-03-31 07641006 2022-04-01 07641006 c:Director2 2023-04-01 2024-03-31 07641006 d:Buildings 2023-04-01 2024-03-31 07641006 d:Buildings 2024-03-31 07641006 d:Buildings 2023-03-31 07641006 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07641006 d:PlantMachinery 2023-04-01 2024-03-31 07641006 d:PlantMachinery 2024-03-31 07641006 d:PlantMachinery 2023-03-31 07641006 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07641006 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07641006 d:CurrentFinancialInstruments 2024-03-31 07641006 d:CurrentFinancialInstruments 2023-03-31 07641006 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07641006 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07641006 d:ShareCapital 2023-04-01 2024-03-31 07641006 d:ShareCapital 2024-03-31 07641006 d:ShareCapital 2022-04-01 2023-03-31 07641006 d:ShareCapital 2023-03-31 07641006 d:ShareCapital 2022-04-01 07641006 d:CapitalRedemptionReserve 2023-04-01 2024-03-31 07641006 d:CapitalRedemptionReserve 2024-03-31 07641006 d:CapitalRedemptionReserve 2022-04-01 2023-03-31 07641006 d:CapitalRedemptionReserve 2023-03-31 07641006 d:CapitalRedemptionReserve 2022-04-01 07641006 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07641006 d:RetainedEarningsAccumulatedLosses 2024-03-31 07641006 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07641006 d:RetainedEarningsAccumulatedLosses 2023-03-31 07641006 d:RetainedEarningsAccumulatedLosses 2022-04-01 07641006 c:FRS102 2023-04-01 2024-03-31 07641006 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07641006 c:FullAccounts 2023-04-01 2024-03-31 07641006 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07641006 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07641006 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07641006 2 2023-04-01 2024-03-31 07641006 6 2023-04-01 2024-03-31 07641006 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 07641006














MACRO GLOBAL HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
MACRO GLOBAL HOLDINGS LIMITED
REGISTERED NUMBER: 07641006

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
                                                                     Note

Fixed assets
  

Tangible assets
 4 
1,817,356
1,896,437

Investments
 5 
430
430

  
1,817,786
1,896,867

Current assets
  

Debtors: amounts falling due within one year
 7 
3,326,433
2,097,847

Cash at bank and in hand
  
1,242,153
1,040,891

  
4,568,586
3,138,738

Creditors: amounts falling due within one year
 8 
(247,973)
(88,109)

Net current assets
  
 
 
4,320,613
 
 
3,050,629

Total assets less current liabilities
  
6,138,399
4,947,496

Provisions for liabilities
  

Deferred tax
 9 
(33,882)
(42,992)

  
 
 
(33,882)
 
 
(42,992)

Net assets
  
£6,104,517
£4,904,504


Capital and reserves
  

Called up share capital 
  
332
332

Capital redemption reserve
  
98
98

Profit and loss account
  
6,104,087
4,904,074

  
£6,104,517
£4,904,504


Page 1

 
MACRO GLOBAL HOLDINGS LIMITED
REGISTERED NUMBER: 07641006

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 17 September 2024.




___________________________
Mr J R Knight
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
MACRO GLOBAL HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

At 1 April 2023
332
98
4,904,074
4,904,504


Comprehensive income for the year

Profit for the year
-
-
1,391,439
1,391,439
Total comprehensive income for the year
-
-
1,391,439
1,391,439


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(191,426)
(191,426)


Total transactions with owners
-
-
(191,426)
(191,426)


At 31 March 2024
£332
£98
£6,104,087
£6,104,517


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
MACRO GLOBAL HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

At 1 April 2022
430
-
5,272,837
5,273,267


Comprehensive income for the year

Profit for the year
-
-
1,389,609
1,389,609
Total comprehensive income for the year
-
-
1,389,609
1,389,609


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(210,200)
(210,200)

Purchase of own shares
-
98
(1,548,172)
(1,548,074)

Shares cancelled during the year
(98)
-
-
(98)


Total transactions with owners
(98)
98
(1,758,372)
(1,758,372)


At 31 March 2023
£332
£98
£4,904,074
£4,904,504


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
MACRO GLOBAL HOLDINGS LIMITED
 

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

1.


General information

Macro Global Holdings Limited is a private limited company incorporated in England and Wales. The Company is limited by shares and the address of its registered office is Henwood House, Henwood, Ashford, Kent, TN24 8DH. 
The address of the principal place of business is Ivychurch Business Park, Ashford Road, Romney Marsh, TN29 0AL.
The registered number of the Company is 07641006.

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

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
MACRO GLOBAL HOLDINGS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

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:

Freehold property
-
2-10% straight line basis
Plant and machinery
-
15% straight line basis

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 6

 
MACRO GLOBAL HOLDINGS LIMITED
 

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

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

2024
2023

Wages and salaries
18,192
26,985

£18,192
£26,985


The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 7

 
MACRO GLOBAL HOLDINGS LIMITED
 

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

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total



Cost or valuation


At 1 April 2023
2,087,991
130,192
2,218,183



At 31 March 2024

2,087,991
130,192
2,218,183



Depreciation


At 1 April 2023
316,321
5,425
321,746


Charge for the year on owned assets
46,533
32,548
79,081



At 31 March 2024

362,854
37,973
400,827



Net book value



At 31 March 2024
£1,725,137
£92,219
£1,817,356



At 31 March 2023
£1,771,670
£124,767
£1,896,437


5.


Fixed asset investments





Investments in subsidiary companies



Cost or valuation


At 1 April 2023
430



At 31 March 2024
£430





6.


Investment property




At 31 March 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:



Page 8

 
MACRO GLOBAL HOLDINGS LIMITED
 

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

7.


Debtors

2024
2023


Trade debtors
2,057
-

Amounts owed by group undertakings
3,316,500
2,084,509

Other debtors
-
8,543

Prepayments and accrued income
7,876
4,795

£3,326,433
£2,097,847



8.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
-
13,969

Amounts owed to group undertakings
59,947
-

Corporation tax
120,470
47,280

Other taxation and social security
20,389
-

Other creditors
27,105
23,579

Accruals and deferred income
20,062
3,281

£247,973
£88,109



9.


Deferred taxation




2024





At beginning of year
(42,992)


Charged to profit or loss
9,110



At end of year
£(33,882)

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
(33,882)
(42,992)

£(33,882)
£(42,992)

Page 9