Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2false2falseNo description of principal activitytruefalse 07938753 2023-07-01 2024-06-30 07938753 2022-07-01 2023-06-30 07938753 2024-06-30 07938753 2023-06-30 07938753 c:Director1 2023-07-01 2024-06-30 07938753 d:CurrentFinancialInstruments 2024-06-30 07938753 d:CurrentFinancialInstruments 2023-06-30 07938753 d:Non-currentFinancialInstruments 2024-06-30 07938753 d:Non-currentFinancialInstruments 2023-06-30 07938753 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07938753 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07938753 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07938753 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07938753 d:ShareCapital 2024-06-30 07938753 d:ShareCapital 2023-06-30 07938753 d:RetainedEarningsAccumulatedLosses 2024-06-30 07938753 d:RetainedEarningsAccumulatedLosses 2023-06-30 07938753 c:FRS102 2023-07-01 2024-06-30 07938753 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07938753 c:FullAccounts 2023-07-01 2024-06-30 07938753 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07938753 6 2023-07-01 2024-06-30 07938753 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 07938753










MAYBE INDUSTRIAL UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MAYBE INDUSTRIAL UK LIMITED
REGISTERED NUMBER: 07938753

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
4,551,047
4,551,047

  
4,551,047
4,551,047

  

Creditors: amounts falling due within one year
 5 
(520,879)
(239,792)

Net current liabilities
  
 
 
(520,879)
 
 
(239,792)

Total assets less current liabilities
  
4,030,168
4,311,255

Creditors: amounts falling due after more than one year
 6 
(2,754,510)
(2,922,104)

  

Net assets
  
1,275,658
1,389,151


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,274,658
1,388,151

  
1,275,658
1,389,151


Page 1

 
MAYBE INDUSTRIAL UK LIMITED
REGISTERED NUMBER: 07938753
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 directors acknowledge their 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 income statement 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: 




................................................
S D Beck
Director

Date: 26 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MAYBE INDUSTRIAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Maybe Industrial UK Limited is a private company limited by shares and incorporated in England and Wales, registration number 07938753. The registered office is 1st Floor Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE. 

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 financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company is dependent upon the performance of its subsidiary company Benchmark Wireline Products Limited.
The subsidiary's forecasts and projections, taking account of reasonably possible changes in trading performance, show that they should be able to continue to operate within the level of its current facilities.
The Company's ultimate parent company, MayBe Holdings Inc, have agreed to continue to support  Benchmark Wireline Products Limited if required.
On this basis the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

Page 3

 
MAYBE INDUSTRIAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
MAYBE INDUSTRIAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
4,551,047



At 30 June 2024
4,551,047





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
520,879
239,792

520,879
239,792



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
2,754,510
2,922,104

2,754,510
2,922,104



7.


Controlling party

The ultimate parent undertaking is MayBe Holdings Inc, a Company registered in the United States of America. 

 
Page 5