Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseThe principal activity of the company was that of providing ad hoc business support services to related companies.11truetruefalse 04098435 2023-04-01 2024-03-31 04098435 2022-04-01 2023-03-31 04098435 2024-03-31 04098435 2023-03-31 04098435 c:Director1 2023-04-01 2024-03-31 04098435 d:MotorVehicles 2023-04-01 2024-03-31 04098435 d:MotorVehicles 2024-03-31 04098435 d:MotorVehicles 2023-03-31 04098435 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04098435 d:CurrentFinancialInstruments 2024-03-31 04098435 d:CurrentFinancialInstruments 2023-03-31 04098435 d:Non-currentFinancialInstruments 2024-03-31 04098435 d:Non-currentFinancialInstruments 2023-03-31 04098435 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04098435 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04098435 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04098435 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04098435 d:ShareCapital 2024-03-31 04098435 d:ShareCapital 2023-03-31 04098435 d:RetainedEarningsAccumulatedLosses 2024-03-31 04098435 d:RetainedEarningsAccumulatedLosses 2023-03-31 04098435 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 04098435 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 04098435 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04098435 c:OrdinaryShareClass1 2024-03-31 04098435 c:OrdinaryShareClass1 2023-03-31 04098435 c:FRS102 2023-04-01 2024-03-31 04098435 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04098435 c:FullAccounts 2023-04-01 2024-03-31 04098435 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04098435 d:WithinOneYear 2024-03-31 04098435 d:WithinOneYear 2023-03-31 04098435 d:BetweenOneFiveYears 2024-03-31 04098435 d:BetweenOneFiveYears 2023-03-31 04098435 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 04098435 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 04098435 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 04098435 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 04098435 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04098435









MEINL CAPITAL MARKETS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MEINL CAPITAL MARKETS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
MEINL CAPITAL MARKETS LIMITED
REGISTERED NUMBER: 04098435

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,958
60,106

  
12,958
60,106

Current assets
  

Debtors: amounts falling due within one year
 5 
22,804
24,154

Cash at bank and in hand
 6 
689,514
3,377,830

  
712,318
3,401,984

Creditors: amounts falling due within one year
 7 
(742,384)
(3,335,241)

Net current (liabilities)/assets
  
 
 
(30,066)
 
 
66,743

Total assets less current liabilities
  
(17,108)
126,849

Creditors: amounts falling due after more than one year
 8 
(27,602)
(80,039)

  

Net (liabilities)/assets
  
(44,710)
46,810


Capital and reserves
  

Called up share capital 
 11 
940,001
940,001

Profit and loss account
  
(984,711)
(893,191)

  
(44,710)
46,810


Page 1

 
MEINL CAPITAL MARKETS LIMITED
REGISTERED NUMBER: 04098435
    
BALANCE SHEET (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 profit and loss account 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: 

................................................
N Hill
Director

Date: 27 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MEINL CAPITAL MARKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Meinl Capital Markets Limited is a private limited company, limited by shares, incorporated in England and Wales with a registration number of 04098435. The registered office address is 35 Dover Street, London, W1S 4NQ. 

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 a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued support from its shareholder, who has confirmed that they will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing these financial statements.

 
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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
MEINL CAPITAL MARKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.7

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 balance sheet date in the countries where the company operates and generates income.

 
2.8

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.

Page 4

 
MEINL CAPITAL MARKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
over the lease term

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.
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.


Page 5

 
MEINL CAPITAL MARKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees



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


4.


Tangible fixed assets





Motor vehicles

£



Cost 


At 1 April 2023
155,577



At 31 March 2024

155,577



Depreciation


At 1 April 2023
95,471


Charge for the year on financed assets
47,148



At 31 March 2024

142,619



Net book value



At 31 March 2024
12,958



At 31 March 2023
60,106

Finance leases

The net book value of assets on finance leases was £12,958 as at 31 March 2024 (2023- £60,106).

Page 6

 
MEINL CAPITAL MARKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
1,006

Other debtors
15,209
10,445

Prepayments and accrued income
-
12,703

Tax recoverable
7,595
-

22,804
24,154



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
689,514
3,377,830


The cash at bank in hand includes a balance of £589,066 (2023 - £3,349,946) which is held on behalf of another entity.


7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
7,349
3,512

Amounts owed to group company
249,367
112,968

Corporation tax
5,133
-

Obligations under finance lease and hire purchase contracts
2,539
12,091

Other creditors
471,397
3,200,071

Accruals and deferred income
6,599
6,599

742,384
3,335,241



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
27,602
80,039


Page 7

 
MEINL CAPITAL MARKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,539
12,091

Between 1-5 years
27,602
80,039

30,141
92,130


10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
689,514
3,377,830




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



940,001 (2023 - 940,001) Ordinary shares of £1 each
940,001
940,001



12.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
9,588
9,588

Later than 1 year and not later than 5 years
15,980
25,568

25,568
35,156

Page 8

 
MEINL CAPITAL MARKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Controlling party

The parent company is House of Julius Meinl Limited, a company incorporated in England and Wales. Its registered office address is 35 Dover Street, London, W1S 4NQ.

 
Page 9