Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-052024-04-051The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-04-06No description of principal activity1truefalse 10538196 2023-04-06 2024-04-05 10538196 2022-04-06 2023-04-05 10538196 2024-04-05 10538196 2023-04-05 10538196 c:Director1 2023-04-06 2024-04-05 10538196 c:RegisteredOffice 2023-04-06 2024-04-05 10538196 d:CurrentFinancialInstruments 2024-04-05 10538196 d:CurrentFinancialInstruments 2023-04-05 10538196 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 10538196 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 10538196 d:ShareCapital 2024-04-05 10538196 d:ShareCapital 2023-04-05 10538196 d:RetainedEarningsAccumulatedLosses 2024-04-05 10538196 d:RetainedEarningsAccumulatedLosses 2023-04-05 10538196 c:FRS102 2023-04-06 2024-04-05 10538196 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 10538196 c:FullAccounts 2023-04-06 2024-04-05 10538196 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 10538196 2 2023-04-06 2024-04-05 10538196 6 2023-04-06 2024-04-05 10538196 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure
Registered number: 10538196










MELVYN BRAGG LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

 
MELVYN BRAGG LIMITED
 

COMPANY INFORMATION


DIRECTOR
M. Bragg 




REGISTERED NUMBER
10538196



REGISTERED OFFICE
12 Hampstead Hill Gardens

London

United Kingdom

NW3 2PL





 
MELVYN BRAGG LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
MELVYN BRAGG LIMITED
REGISTERED NUMBER: 10538196

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors
 4 
11,060
105,234

Current asset investments
 5 
2,189,084
1,744,626

Bank and cash balances
  
466,254
367,727

  
2,666,398
2,217,587

Creditors: amounts falling due within one year
 6 
(143,156)
(101,040)

NET ASSETS
  
 
 
2,523,242
 
 
2,116,547


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
101
101

Profit and loss account
  
2,523,141
2,116,446

EQUITY SHAREHOLDER'S FUNDS
  
2,523,242
2,116,547


The director considers 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 director acknowledges his 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 income and retained earnings 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
 26 February 2025.




M. Bragg
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
MELVYN BRAGG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


GENERAL INFORMATION

Melvyn Bragg Limited (Company number: 10538196), having its registered office and trading address at 12 Hampstead Hill Gardens, London, NW3 2PL, is a private limited company incorporated in England and Wales.

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

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a cash flow statement on the grounds that it is a small company.

 
2.3

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 the Statement of Income and Retained Earnings.

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

Page 2

 
MELVYN BRAGG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.ACCOUNTING POLICIES (continued)

 
2.4

Turnover

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 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
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 the Statement of Income and Retained Earnings for the period.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

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 and loans to related parties.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Page 3

 
MELVYN BRAGG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.ACCOUNTING POLICIES (continued)

 
2.11

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation 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 United Kingdom where the Company operates and generates income.


3.


EMPLOYEES



The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


DEBTORS

2024
2023
£
£

Due within one year

Trade debtors
3,052
102,064

Other debtors
6,700
-

Prepayments and accrued income
1,308
3,170

11,060
105,234



5.


CURRENT ASSET INVESTMENTS

2024
2023
£
£

Listed investments
2,189,084
1,744,626



6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,152
1,332

Corporation tax
93,634
35,346

Other taxation and social security
-
10,158

Other creditors
42,370
46,755

Accruals and deferred income
-
7,449

143,156
101,040


Page 4

 
MELVYN BRAGG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

7.RELATED PARTY TRANSACTIONS

Included within other creditors is an amount due to the director of the Company of £42,370 (2023: £46,755). No interest is accruing on the loan and the loan is repayable on demand.


Page 5