REGISTERED NUMBER: 08268912 (England and Wales)

Mcdade Investments Limited

Financial Statements

for the Year Ended 31 October 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

M J Crader

G S Alexson

C L Turner

Registered office:

1 Gracechurch Street

London

EC3V 0DD

Registered number:

08268912 (England and Wales)

Fixed assets

Investments

4

1,000

1,000

Current assets

Debtors

5

103,250

1,000

Investments

6

13,262

429,600

Cash at bank

28,393

38,823

144,905

469,423

Creditors

Amounts falling due within one year

7

93,362

17,438

Net current assets

51,543

451,985

Total assets less current liabilities

52,543

452,985

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

9

51,543

451,985

Shareholders' funds

52,543

452,985

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

M J Crader - Director

1.	Statutory information

McDade Investments Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational currency of the financial statements is the Pound Sterling (£).

Amounts in these financial statements are rounded to the nearest £.

Investments in subsidiaries

Investments in subsidiary undertaken are recognised at cost less provision for impairment.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

(i) Financial assets

Basic financial assets, including other debtors and amounts due from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated future cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, accruals and loans from related parties, are initially recognised at transaction price, unless that arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Going concern

These financial statements have been prepared on a going concern basis.

The current economic conditions and the impact of unprecedented levels of uncertainty of outcomes on business and consumer confidence present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 November 2023

and 31 October 2024

1,000

Net book value

At 31 October 2024

1,000

At 31 October 2023

1,000

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

100,000

-

VAT

2,250

-

Called up share capital not paid

1,000

1,000

103,250

1,000

6.	Current asset investments

2024

2023

£

£

Listed investments

13,262

429,600

Market value of listed investments at 31 October 2024 - £ 13,262 (2023 - £ 429,600 ).

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Tax

90,612

14,138

Accruals and deferred income

2,750

3,300

93,362

17,438

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

Reserves

Retained

earnings

£

At 1 November 2023

451,985

Profit for the year

509,558

Dividends

(910,000

)

At 31 October 2024

51,543

10.	Related party disclosures

During the year, the Company received dividends of £441,000 (2023: £113,000) from a company in which the Company has subscribed to shares.

During the year, the Company loaned £100,000 (2023: £Nil) to a company in which one of the directors is the controlling party.

11.	Ultimate controlling party

The ultimate controlling party is M J Crader.