REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
Madripoor Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
Madripoor Ltd |
Madripoor Ltd (Registered number: 13463154) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Madripoor Ltd |
Company Information |
for the Year Ended 30 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
First Floor |
Millennium House |
Victoria Road |
Douglas |
Isle of Man |
IM2 4RW |
Madripoor Ltd (Registered number: 13463154) |
Balance Sheet |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Madripoor Ltd (Registered number: 13463154) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
Madripoor Ltd is a |
The company has a Certificate of Registration under the Isle of Man Foreign Companies Act 2014. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the provision of family office services. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Prepayments |
VAT |
Accrued income |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Shareholder loan | 7,516 | 7,516 |
Trade creditors |
Corporation tax payable |
VAT | - | 4,262 |
Pensions payable | 188 | 373 |
Tax & NI payable | 604 | 1,374 |
Payments in advance |
Accruals |
The shareholder loan is unsecured, interest free and repayable on demand. |
Madripoor Ltd (Registered number: 13463154) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
7. | RESERVES |
Retained |
earnings |
£ |
At 1 July 2023 |
Profit for the year |
At 30 June 2024 |
8. | RELATED PARTY DISCLOSURES |
Shareholder |
Shareholder loan |
2024 | 2023 |
£ | £ |
Amount due to related party at the balance sheet date | 7,516 | 7,516 |
Shareholder |
Payments in advance |
Sales invoices totalling £165,675 (2023: £203,372) were issued to the shareholder during the year and payments on account totalling £150,000 (2023: £150,000) were received. |
2024 | 2023 |
£ | £ |
Amount due to related party at the balance sheet date | 24,601 | 40,276 |
9. | POST BALANCE SHEET EVENTS |
The effect of events relating to the year ended 30 June 2024, which occurred before the date of approval of the financial statements by the directors, have been included to the extent required to show a true and fair view of the state of affairs at 30 June 2024 and of the results of the year ended on that date. |
10. | PENSION COMMITMENTS |
The company paid pension contributions to NEST, a defined occupational pension scheme backed by the UK Government, for the UK based employees. |
During the year the total pension costs to the company were £1,213 (2023: £1,470). |