Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10429780 Mr Steven Summers Mr John Reynolds Cloud Wing Investment Co LTD false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10429780 2023-03-31 10429780 2024-03-31 10429780 2023-04-01 2024-03-31 10429780 frs-core:CurrentFinancialInstruments 2024-03-31 10429780 frs-core:Non-currentFinancialInstruments 2024-03-31 10429780 frs-core:ShareCapital 2024-03-31 10429780 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10429780 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10429780 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10429780 frs-bus:SmallEntities 2023-04-01 2024-03-31 10429780 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10429780 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10429780 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 10429780 frs-bus:OrdinaryShareClass2 2024-03-31 10429780 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 10429780 frs-bus:OrdinaryShareClass3 2024-03-31 10429780 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 10429780 frs-bus:OrdinaryShareClass4 2024-03-31 10429780 1 2023-04-01 2024-03-31 10429780 frs-bus:Director1 2023-04-01 2024-03-31 10429780 frs-bus:Director2 2023-04-01 2024-03-31 10429780 1 2023-04-01 2024-03-31 10429780 frs-countries:EnglandWales 2023-04-01 2024-03-31 10429780 2022-03-31 10429780 2023-03-31 10429780 2022-04-01 2023-03-31 10429780 frs-core:CurrentFinancialInstruments 2023-03-31 10429780 frs-core:Non-currentFinancialInstruments 2023-03-31 10429780 frs-core:ShareCapital 2023-03-31 10429780 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10429780 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 10429780 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31 10429780 frs-bus:OrdinaryShareClass4 2022-04-01 2023-03-31 10429780 1 2022-04-01 2023-03-31
Registered number: 10429780
MG RANDALLS WAY LIMITED
Financial Statements
For The Year Ended 31 March 2024
Certius Professional Services Limited
Chartered Tax Advisers - Certified Practising Accountants
Bayside Business Centre
48 Willis Way
Poole
Dorset
BH15 3TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10429780
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 21,902 20,524
Cash at bank and in hand 5,587 5,827
27,489 26,351
Creditors: Amounts Falling Due Within One Year 5 (51,173 ) (44,892 )
NET CURRENT ASSETS (LIABILITIES) (23,684 ) (18,541 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,684 ) (18,541 )
Creditors: Amounts Falling Due After More Than One Year 6 (2,886,894 ) (2,886,894 )
NET LIABILITIES (2,910,578 ) (2,905,435 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (2,910,678 ) (2,905,535 )
SHAREHOLDERS' FUNDS (2,910,578) (2,905,435)
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Summers
Director
26th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MG RANDALLS WAY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10429780 . The registered office is C/O Certius, Bayside Business Centre, Sovereign Business Park, Poole, Dorset, BH15 3TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Financial Instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial
instruments.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Directors 2 2
2 2
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4. Debtors
2024 2023
£ £
Due within one year
Other debtors 400 -
VAT 6,502 5,524
6,902 5,524
Due after more than one year
Amounts owed by associates 15,000 15,000
21,902 20,524
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,635 1,754
Other creditors 10,538 -
Accruals and deferred income 33,000 33,000
Amounts owed to parent undertaking - (400 )
Amounts owed to related parties - 10,538
51,173 44,892
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to related parties 2,886,894 2,886,894
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
55 Ordinary A shares of £ 1.00 each 55 55
40 Ordinary B shares of £ 1.00 each 40 40
5 Ordinary C shares of £ 1.00 each 5 5
100 100
8. Controlling Party
The company's controlling party is Cloud Wing Investment Co LTD by virtue of the ownership of 55% of the issued share capital in the company.
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