Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13236023 2023-04-01 2024-03-31 13236023 2022-04-01 2023-03-31 13236023 2024-03-31 13236023 2023-03-31 13236023 c:Director1 2023-04-01 2024-03-31 13236023 d:MotorVehicles 2023-04-01 2024-03-31 13236023 d:MotorVehicles 2024-03-31 13236023 d:MotorVehicles 2023-03-31 13236023 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13236023 d:CurrentFinancialInstruments 2024-03-31 13236023 d:CurrentFinancialInstruments 2023-03-31 13236023 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13236023 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13236023 d:ShareCapital 2024-03-31 13236023 d:ShareCapital 2023-03-31 13236023 d:RetainedEarningsAccumulatedLosses 2024-03-31 13236023 d:RetainedEarningsAccumulatedLosses 2023-03-31 13236023 c:FRS102 2023-04-01 2024-03-31 13236023 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13236023 c:FullAccounts 2023-04-01 2024-03-31 13236023 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13236023 2 2023-04-01 2024-03-31 13236023 6 2023-04-01 2024-03-31 13236023 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13236023









MSG 1 INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MSG 1 INVESTMENTS LIMITED
REGISTERED NUMBER: 13236023

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,381
9,841

Investments
 5 
72,500
72,500

  
79,881
82,341

Current assets
  

Debtors: amounts falling due within one year
 6 
511
512

Cash at bank and in hand
 7 
1,692
35,600

  
2,203
36,112

Creditors: amounts falling due within one year
 8 
(90,948)
(122,528)

Net current liabilities
  
 
 
(88,745)
 
 
(86,416)

Total assets less current liabilities
  
(8,864)
(4,075)

  

Net liabilities
  
(8,864)
(4,075)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(8,964)
(4,175)

  
(8,864)
(4,075)


Page 1

 
MSG 1 INVESTMENTS LIMITED
REGISTERED NUMBER: 13236023
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 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 by: 




M Genis
Director

Date: 24 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MSG 1 INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

MSG 1 Investments Limited (formerly Glennbrook Limited) is a private company limited by shares incorporated in England & Wales (registered number 13236023). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. 
The financial statements are presented in Sterling, which is the functional currency of the company.

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

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the director and shareholder for financial support, which the directors is confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 31 March 2024, the company had net liabilities of £8,864. The director and shareholder have indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the director and shareholder.

 
2.3

Interest income

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

 
2.4

Taxation

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 reporting date in the countries where the Company operates and generates income.


Page 3

 
MSG 1 INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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.

 
2.9

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 4

 
MSG 1 INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




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


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 April 2023
10,985



At 31 March 2024

10,985



Depreciation


At 1 April 2023
1,144


Charge for the year on owned assets
2,460



At 31 March 2024

3,604



Net book value



At 31 March 2024
7,381



At 31 March 2023
9,841


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
72,500



At 31 March 2024
72,500




Page 5

 
MSG 1 INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
511
512

511
512



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,692
35,600

1,692
35,600



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
900
-

Other creditors
89,148
121,628

Accruals and deferred income
900
900

90,948
122,528


 
Page 6