Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31Holding companyThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2false2023-06-012truetrue 10691344 2023-06-01 2024-05-31 10691344 2022-06-01 2023-05-31 10691344 2024-05-31 10691344 2023-05-31 10691344 c:Director1 2023-06-01 2024-05-31 10691344 d:CurrentFinancialInstruments 2024-05-31 10691344 d:CurrentFinancialInstruments 2023-05-31 10691344 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10691344 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10691344 d:ShareCapital 2024-05-31 10691344 d:ShareCapital 2023-05-31 10691344 d:SharePremium 2024-05-31 10691344 d:SharePremium 2023-05-31 10691344 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-05-31 10691344 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 10691344 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2024-05-31 10691344 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2023-05-31 10691344 c:FRS102 2023-06-01 2024-05-31 10691344 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10691344 c:FullAccounts 2023-06-01 2024-05-31 10691344 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10691344 6 2023-06-01 2024-05-31 10691344 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number:  10691344














MCVM HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


 
MCVM HOLDINGS LIMITED
REGISTERED NUMBER: 10691344

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
124,500
124,500

  
124,500
124,500

Current assets
  

Debtors: amounts falling due within one year
 5 
319,077
319,077

  
319,077
319,077

Creditors: amounts falling due within one year
 6 
(360,575)
(360,575)

Net current liabilities
  
 
 
(41,498)
 
 
(41,498)

Total assets less current liabilities
  
83,002
83,002

  

Net assets
  
83,002
83,002


Capital and reserves
  

Called up share capital 
  
102
102

Share premium account
  
82,900
82,900

  
83,002
83,002


Page 1

 
MCVM HOLDINGS LIMITED
REGISTERED NUMBER: 10691344
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 director acknowledges his 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 by: 




A Jones
Director

Date: 26 June 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MCVM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.10691344). The address of the registered office is Unit B, Reigan Industrial Estate, Factory Road, Sandycroft, Deeside, Clwyd, CH5 2QJ.
These financial statements present information about the company as an individual undertaking. The principal activity is that of a holding company. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

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.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 3

 
MCVM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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

 
2.6

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

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
124,500



At 31 May 2024
124,500




Page 4

 
MCVM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Other debtors
319,077
319,077

319,077
319,077



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
360,575
360,575

360,575
360,575



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at amortised cost
319,075
319,075


Financial liabilities


Financial liabilities measured at amortised cost
360,575
360,575


Financial assets measured at amortised cost comprise of other debtors.


Financial liabilities measured at amortised cost comprise of other creditors.

Page 5

 
MCVM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Related party transactions

IIncluded in debtors and creditors are the following amounts due (to) / from related parties:


2024
2023
£
£

Man Coed VM Limited
(360,575)
(360,575)
Happy Horse Bedding Limited
169,075
169,075
J Reid
150,000
150,000

Man Coed VM Limited and Happy Horse Bedding Limited are subsidiary companies.
J Reid is a director.
The loans are repayable on demand.


9.


Controlling party

The company is under the control of A Jones and J Reid.

 
Page 6