Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-3003falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-10No description of principal activityfalsetrue 14789343 2023-04-09 14789343 2023-04-10 2024-04-30 14789343 2022-05-01 2023-04-09 14789343 2024-04-30 14789343 c:Director1 2023-04-10 2024-04-30 14789343 c:Director2 2023-04-10 2024-04-30 14789343 c:Director3 2023-04-10 2024-04-30 14789343 c:RegisteredOffice 2023-04-10 2024-04-30 14789343 d:CurrentFinancialInstruments 2024-04-30 14789343 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14789343 d:ShareCapital 2024-04-30 14789343 d:RetainedEarningsAccumulatedLosses 2024-04-30 14789343 c:FRS102 2023-04-10 2024-04-30 14789343 c:AuditExempt-NoAccountantsReport 2023-04-10 2024-04-30 14789343 c:FullAccounts 2023-04-10 2024-04-30 14789343 c:CompanyLimitedByGuarantee 2023-04-10 2024-04-30 14789343 6 2023-04-10 2024-04-30 14789343 e:USDollar 2023-04-10 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 14789343







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 APRIL 2024


MIGALOO VENTURES LIMITED
(FORMERLY INVESTDEFY TECHNOLOGIES UK LTD)






































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MIGALOO VENTURES LIMITED
 


 
COMPANY INFORMATION


Directors
R A Johnson 
T A Maciver 
J Niosi 




Registered number
14789343



Registered office
Salisbury House
London Wall

London

England

EC2M 5PS




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


MIGALOO VENTURES LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 4


 


MIGALOO VENTURES LIMITED
REGISTERED NUMBER:14789343



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
Note
$

  

Current assets
  

Debtors: amounts falling due within one year
 5 
124

  
124

Creditors: amounts falling due within one year
 6 
(15,705)

Net current liabilities
  
 
 
(15,581)

Total assets less current liabilities
  
(15,581)

  

Net liabilities
  
(15,581)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
124

Profit and loss account
  
(15,705)

  
(15,581)


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 Period 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 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: 




T A Maciver
Director

Date: 17 June 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


MIGALOO VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Migaloo Ventures Limited, formerly known as Investdefy Technologies UK Ltd, is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Salisbury House, London Wall, London, England, England, EC2M 5PS.
The entity was incorporated on 10 April 2023, with a reporting date of 30 April 2024. These financial statements therefore present a period of more than one year. 

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

As at 30 April 2024 the statement of financial position reports net liabilities of $15,581. The company is reliant upon the continued support of its directors, who have confirmed there continued financial support of the company. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

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 Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Valuation of investments

Investments where market value can be reliably determined, are remeasured to market value at each reporting 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.

Page 2

 


MIGALOO VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Fixed asset investments





Other fixed asset investments

$





Additions
4,149,513


Disposals
(4,263,974)


Revaluations
114,461



At 30 April 2024
-




The cost of the other fixed asset investments as at 30 April 2024 was $Nil. 

Page 3

 


MIGALOO VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Debtors

2024
$


Other debtors
124

124


Included within other debtors due within one year is a loan to the directors amounting to $124. Amounts advanced during the year was $124, and amounts repaid during the period totalled $NIL. 
No interest has been charged on this loan, and it is repayable on demand. 




6.


Creditors: Amounts falling due within one year

2024
$

Accruals and deferred income
15,705

15,705



7.


Other information

During the period, an unconnected party advanced the company the equivalent of $5,668,291, and received repayments to the equivalent of $5,782,752 with the movement of $114,461, representing a loss on foreign exchange.
The balance repayable as at 30 April 2024 was $Nil. 

 
Page 4