IRIS Accounts Production v24.2.0.383 09461261 director 25.2.23 24.2.24 24.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094612612023-02-24094612612024-02-24094612612023-02-252024-02-24094612612022-02-25094612612022-02-262023-02-24094612612023-02-2409461261ns15:EnglandWales2023-02-252024-02-2409461261ns14:PoundSterling2023-02-252024-02-2409461261ns10:Director12023-02-252024-02-2409461261ns10:PrivateLimitedCompanyLtd2023-02-252024-02-2409461261ns10:SmallEntities2023-02-252024-02-2409461261ns10:AuditExempt-NoAccountantsReport2023-02-252024-02-2409461261ns10:SmallCompaniesRegimeForDirectorsReport2023-02-252024-02-2409461261ns10:SmallCompaniesRegimeForAccounts2023-02-252024-02-2409461261ns10:FullAccounts2023-02-252024-02-2409461261ns10:RegisteredOffice2023-02-252024-02-2409461261ns5:CurrentFinancialInstruments2024-02-2409461261ns5:CurrentFinancialInstruments2023-02-2409461261ns5:Non-currentFinancialInstruments2024-02-2409461261ns5:Non-currentFinancialInstruments2023-02-2409461261ns5:ShareCapital2024-02-2409461261ns5:ShareCapital2023-02-2409461261ns5:RetainedEarningsAccumulatedLosses2024-02-2409461261ns5:RetainedEarningsAccumulatedLosses2023-02-2409461261ns5:PlantMachinery2023-02-252024-02-2409461261ns5:LandBuildings2023-02-2409461261ns5:PlantMachinery2023-02-2409461261ns5:LandBuildings2023-02-252024-02-2409461261ns5:LandBuildings2024-02-2409461261ns5:PlantMachinery2024-02-2409461261ns5:LandBuildings2023-02-2409461261ns5:PlantMachinery2023-02-2409461261ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2409461261ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2409461261ns5:RetainedEarningsAccumulatedLosses2023-02-2409461261ns5:RetainedEarningsAccumulatedLosses2023-02-252024-02-24094612611ns10:Director12023-02-24094612611ns10:Director12022-02-25094612611ns10:Director12023-02-252024-02-24094612611ns10:Director12022-02-262023-02-24094612611ns10:Director12024-02-24094612611ns10:Director12023-02-24
REGISTERED NUMBER: 09461261 (England and Wales)















Financial Statements for the Year Ended 24 February 2024

for

The Madisson Limited

The Madisson Limited (Registered number: 09461261)






Contents of the Financial Statements
for the Year Ended 24 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Madisson Limited

Company Information
for the Year Ended 24 February 2024







DIRECTOR: Mr Rizwan Malik





REGISTERED OFFICE: 46 Houghton Place
Bradford
West Yorkshire
BD1 3RG





REGISTERED NUMBER: 09461261 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

The Madisson Limited (Registered number: 09461261)

Balance Sheet
24 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,534,298 1,514,393

CURRENT ASSETS
Debtors 5 23,546 74,830
Cash at bank and in hand 2,534 18,764
26,080 93,594
CREDITORS
Amounts falling due within one year 6 (1,589,415 ) (1,638,285 )
NET CURRENT LIABILITIES (1,563,335 ) (1,544,691 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,037

)

(30,298

)

CREDITORS
Amounts falling due after more than
one year

7

(34,455

)

(40,168

)
NET LIABILITIES (63,492 ) (70,466 )

The Madisson Limited (Registered number: 09461261)

Balance Sheet - continued
24 February 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (63,592 ) (70,566 )
SHAREHOLDERS' FUNDS (63,492 ) (70,466 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 February 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 22 November 2024 and were signed by:





Mr Rizwan Malik - Director


The Madisson Limited (Registered number: 09461261)

Notes to the Financial Statements
for the Year Ended 24 February 2024

1. STATUTORY INFORMATION

The Madisson 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.

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.

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 - 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.

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.

The Madisson Limited (Registered number: 09461261)

Notes to the Financial Statements - continued
for the Year Ended 24 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 25 February 2023 1,502,348 25,192 1,527,540
Additions - 25,540 25,540
At 24 February 2024 1,502,348 50,732 1,553,080
DEPRECIATION
At 25 February 2023 - 13,147 13,147
Charge for year - 5,635 5,635
At 24 February 2024 - 18,782 18,782
NET BOOK VALUE
At 24 February 2024 1,502,348 31,950 1,534,298
At 24 February 2023 1,502,348 12,045 1,514,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 18,546 19,025
Other debtors 5,000 55,805
23,546 74,830

The Madisson Limited (Registered number: 09461261)

Notes to the Financial Statements - continued
for the Year Ended 24 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Bank loans and overdrafts - 4,343
Trade creditors 24,943 63,163
Taxation and social security 10,829 7,136
Other creditors 1,553,643 1,563,643
1,589,415 1,638,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Other creditors 34,455 40,168

8. RESERVES
Retained
earnings
£   

At 25 February 2023 (70,566 )
Profit for the year 6,974
At 24 February 2024 (63,592 )

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 24 February 2024 and the period ended 24 February 2023:

2024 2023
£    £   
Mr Rizwan Malik
Balance outstanding at start of year 1,553,643 1,553,643
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,553,643 1,553,643

Director's loan is repayable on demand

The Madisson Limited (Registered number: 09461261)

Notes to the Financial Statements - continued
for the Year Ended 24 February 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Rizwan Malik.