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COMPANY REGISTRATION NUMBER: 12759717
MABCAB LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
31 March 2025
MABCAB LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Investments
4
467,801
447,156
CURRENT ASSETS
Debtors
69,348
87,468
Cash at bank and in hand
479
38,006
---------
----------
69,827
125,474
CREDITORS: amounts falling due within one year
218,439
176,529
----------
----------
NET CURRENT LIABILITIES
148,612
51,055
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
319,189
396,101
----------
----------
CAPITAL AND RESERVES
Called up share capital
110
110
Profit and loss account
319,079
395,991
----------
----------
SHAREHOLDERS FUNDS
319,189
396,101
----------
----------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
MABCAB LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 4 June 2025 , and are signed on behalf of the board by:
M Burnell
Director
Company registration number: 12759717
MABCAB LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 19 Nottingham Road, Hucknall, Nottingham, NG15 7QN.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .
4. Investments
£
Cost
At 1 April 2024
447,156
Additions
20,645
----------
At 31 March 2025
467,801
----------
Impairment
At 1 April 2024 and 31 March 2025
----------
Carrying amount
At 31 March 2025
467,801
----------
At 31 March 2024
447,156
----------
5. Directors' advances, credits and guarantees
There is a loan from the Directors of £213,529 (2024: £176,529). The loan is unsecured, interest free and repayable on demand.