Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-3022023-07-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02860472 2023-07-01 2024-06-30 02860472 2022-07-01 2023-06-30 02860472 2024-06-30 02860472 2023-06-30 02860472 c:Director2 2023-07-01 2024-06-30 02860472 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 02860472 d:FreeholdInvestmentProperty 2024-06-30 02860472 d:FreeholdInvestmentProperty 2023-06-30 02860472 d:FreeholdInvestmentProperty 2 2023-07-01 2024-06-30 02860472 d:CurrentFinancialInstruments 2024-06-30 02860472 d:CurrentFinancialInstruments 2023-06-30 02860472 d:Non-currentFinancialInstruments 2024-06-30 02860472 d:Non-currentFinancialInstruments 2023-06-30 02860472 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02860472 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02860472 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02860472 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02860472 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 02860472 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 02860472 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 02860472 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 02860472 d:ShareCapital 2024-06-30 02860472 d:ShareCapital 2023-06-30 02860472 d:RetainedEarningsAccumulatedLosses 2024-06-30 02860472 d:RetainedEarningsAccumulatedLosses 2023-06-30 02860472 c:OrdinaryShareClass1 2023-07-01 2024-06-30 02860472 c:OrdinaryShareClass1 2024-06-30 02860472 c:OrdinaryShareClass1 2023-06-30 02860472 c:FRS102 2023-07-01 2024-06-30 02860472 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02860472 c:FullAccounts 2023-07-01 2024-06-30 02860472 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02860472 6 2023-07-01 2024-06-30 02860472 d:OtherDeferredTax 2024-06-30 02860472 d:OtherDeferredTax 2023-06-30 02860472 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02860472









MARKET DRIVEN SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MARKET DRIVEN SOLUTIONS LIMITED
REGISTERED NUMBER: 02860472

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
4

Investment property
 5 
3,405,384
2,927,700

  
3,405,384
2,927,704

Current assets
  

Debtors: amounts falling due within one year
 6 
131,648
-

Cash at bank and in hand
  
17,572
24,749

  
149,220
24,749

Creditors: amounts falling due within one year
 7 
(812,836)
(539,574)

Net current liabilities
  
 
 
(663,616)
 
 
(514,825)

Total assets less current liabilities
  
2,741,768
2,412,879

Creditors: amounts falling due after more than one year
 8 
(497,009)
(437,201)

Provisions for liabilities
  

Deferred tax
 10 
(80,431)
(40,858)

  
 
 
(80,431)
 
 
(40,858)

Net assets
  
2,164,328
1,934,820


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
2,164,228
1,934,720

  
2,164,328
1,934,820


Page 1

 
MARKET DRIVEN SOLUTIONS LIMITED
REGISTERED NUMBER: 02860472
    
BALANCE SHEET (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 statement of income and retained earnings 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 on 14 March 2025.




Sarbjit Singh Johal
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MARKET DRIVEN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Company is a private company, limited by shares, registered in England and Wales, registration number 02860472. The registered office is 25 Carisbrooke Road, Edgbaston, Birmingham, West Midlands, B17 8NN.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash Flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

The directors have prepared the financial statement on a going concern basis.

 
2.3

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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MARKET DRIVEN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

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 balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 4

 
MARKET DRIVEN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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. 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.

 
2.11

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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
15,600
15,600

15,600
15,600


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

Page 5

 
MARKET DRIVEN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Investments in subsidiary companies

£





At 1 July 2023
4


Disposals
(4)



At 30 June 2024
-





5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
2,927,700


Additions at cost
272,745


Surplus on revaluation
204,939



At 30 June 2024
3,405,384

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
MARKET DRIVEN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
131,648
-

131,648
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
103,112
103,112

Trade creditors
24,440
23,915

Amounts owed to group undertakings
150,000
-

Corporation tax
20,576
15,061

Other taxation and social security
100
-

Other creditors
513,372
396,250

Accruals and deferred income
1,236
1,236

812,836
539,574


The following liabilities were secured:

2024
2023
£
£



Bank Loan
95,257
430,404

95,257
430,404

Details of security provided:

Bank loans are secured by fixed and floating charges over the assets of the company in favour of Barclays Bank PLC.

Page 7

 
MARKET DRIVEN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
497,009
437,201

497,009
437,201


The following liabilities were secured:

2024
2023
£
£



Bank loans
362,451
430,404

362,451
430,404

Details of security provided:

Bank loans are secured by fixed and floating charges over the assets of the company in favour of Barclays Bank PLC.

Page 8

 
MARKET DRIVEN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
103,112
103,112


103,112
103,112

Amounts falling due 1-2 years

Bank loans
103,512
104,014


103,512
104,014

Amounts falling due 2-5 years

Bank loans
393,497
333,189


393,497
333,189


600,121
540,315



10.


Deferred taxation




2024


£






At beginning of year
(40,858)


Charged to profit or loss
(39,573)



At end of year
(80,431)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair Value Movement
(80,431)
(40,858)

(80,431)
(40,858)

Page 9

 
MARKET DRIVEN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



12.


Related party transactions

As at the balance sheet date £191,409 (2023: £174,284) was due to the directors. This loan is interest free and repayable on demand.

 
Page 10