Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01falseInvestment company33falsetruefalse 10356380 2023-10-01 2024-09-30 10356380 2022-10-01 2023-09-30 10356380 2024-09-30 10356380 2023-09-30 10356380 2022-10-01 10356380 c:Director2 2023-10-01 2024-09-30 10356380 d:CurrentFinancialInstruments 2024-09-30 10356380 d:CurrentFinancialInstruments 2023-09-30 10356380 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10356380 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10356380 d:ShareCapital 2024-09-30 10356380 d:ShareCapital 2023-09-30 10356380 d:ShareCapital 2022-10-01 10356380 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 10356380 d:RetainedEarningsAccumulatedLosses 2024-09-30 10356380 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 10356380 d:RetainedEarningsAccumulatedLosses 2023-09-30 10356380 d:RetainedEarningsAccumulatedLosses 2022-10-01 10356380 c:FRS102 2023-10-01 2024-09-30 10356380 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10356380 c:FullAccounts 2023-10-01 2024-09-30 10356380 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10356380 2 2023-10-01 2024-09-30 10356380 6 2023-10-01 2024-09-30 10356380 d:OtherDeferredTax 2024-09-30 10356380 d:OtherDeferredTax 2023-09-30 10356380 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 10356380






MAXSAMBA LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  30 SEPTEMBER 2024

 
MAXSAMBA LIMITED
REGISTERED NUMBER: 10356380

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
5,577,796
8,695,635

  
5,577,796
8,695,635

Current assets
  

Cash at bank and in hand
  
26,296
4,610,352

  
26,296
4,610,352

Creditors: amounts falling due within one year
 5 
(2,775,735)
(11,242,291)

Net current liabilities
  
 
 
(2,749,439)
 
 
(6,631,939)

Total assets less current liabilities
  
2,828,357
2,063,696

Provisions for liabilities
  

Deferred tax
 6 
(338,296)
(218,432)

  
 
 
(338,296)
 
 
(218,432)

Net assets
  
2,490,061
1,845,264


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
 7 
2,480,061
1,835,264

  
2,490,061
1,845,264


Page 1

 
MAXSAMBA LIMITED
REGISTERED NUMBER: 10356380
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 27 January 2025.




Martin Hall
Director

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

Page 2

 
MAXSAMBA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
10,000
1,835,264
1,845,264


Comprehensive income for the year

Profit for the year
-
644,797
644,797


At 30 September 2024
10,000
2,480,061
2,490,061


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

Page 3

 
MAXSAMBA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2022
10,000
1,390,638
1,400,638


Comprehensive income for the year

Profit for the year
-
444,626
444,626


At 30 September 2023
10,000
1,835,264
1,845,264


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

Page 4

 
MAXSAMBA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Maxsamba Limited is a private company limited by share capital, incorporated in England and Wales, registration number 10356380. The address of the registered office is 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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured.
Turnover comprises investment income relating to dividends and interest received in respect of the investments held by the company.

 
2.4

Interest income

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

Page 5

 
MAXSAMBA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Valuation of investments

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.

 
2.7

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.

 
2.8

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.

Page 6

 
MAXSAMBA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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 comprhensive income including profit and loss account.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. 

Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.


3.


Employees

2024
£

Directors Fees and expenses
9,104

9,104




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

Page 7

 
MAXSAMBA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 October 2023
8,695,635


Additions
182,609


Disposals
(3,960,298)


Revaluations
659,850



At 30 September 2024
5,577,796




The market value of the listed investments at 30 September 2023 was £5,577,796 (2023-  £8,695,635).


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
99,068
62,182

Other creditors
2,670,917
11,174,959

Accruals and deferred income
5,750
5,150

2,775,735
11,242,291



6.


Deferred taxation




2024


£






At beginning of year
(218,432)


Increase on unrealised profit on investments
(119,864)



At end of year
(338,296)

Page 8

 
MAXSAMBA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
6.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On investment revaluation
(338,296)
(218,432)

(338,296)
(218,432)


7.


Reserves

Profit and loss account

This includes unrealised gains on investments of £1,353,184 (2023 - £873,726) which are not distributable reserves.

 
Page 9