REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024 |
FOR |
MARDON HILL CAPITAL LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024 |
FOR |
MARDON HILL CAPITAL LIMITED |
MARDON HILL CAPITAL LIMITED (REGISTERED NUMBER: 14848761) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MARDON HILL CAPITAL LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
55 Loudoun Road |
London |
NW8 0DL |
MARDON HILL CAPITAL LIMITED (REGISTERED NUMBER: 14848761) |
BALANCE SHEET |
31 MAY 2024 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 | ( |
) |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their 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. |
MARDON HILL CAPITAL LIMITED (REGISTERED NUMBER: 14848761) |
BALANCE SHEET - continued |
31 MAY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
MARDON HILL CAPITAL LIMITED (REGISTERED NUMBER: 14848761) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024 |
1. | STATUTORY INFORMATION |
Mardon Hill Capital Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
Reporting Period |
The financial statements report the first accounting period for the company from its incorporation on 05 May 2023 to 31 May 2024. Therefore, there are no comparatives presented in the financial statements. |
Going Concern |
The accounts have been prepared on the going concern basis. The company is reliant on support from related companies and the director has confirmed that the funds will be made available to enable the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Financial instruments |
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
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. |
Taxation |
Taxation for the period 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. |
MARDON HILL CAPITAL LIMITED (REGISTERED NUMBER: 14848761) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Cash and cash equivalents |
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. |
3. | EMPLOYEES |
The average number of employees during the period was NIL. |
4. | DEBTORS |
£ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
Other Debtors includes loan notes held of £405,000. The capital amount is due 24 months after issuance. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
MARDON HILL CAPITAL LIMITED (REGISTERED NUMBER: 14848761) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary A | £1 | 300 |