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REGISTERED NUMBER: 10732869 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MC (CHARLOTTE STREET) LTD

MC (CHARLOTTE STREET) LTD (REGISTERED NUMBER: 10732869)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MC (CHARLOTTE STREET) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: C N Maltby





REGISTERED OFFICE: Ground Floor
85 Charlotte Street
London
W1T 4PS





REGISTERED NUMBER: 10732869 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

MC (CHARLOTTE STREET) LTD (REGISTERED NUMBER: 10732869)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,505 5,605
Investments 5 21,000 5,000
25,505 10,605

CURRENT ASSETS
Debtors 6 235,296 309,179
Cash at bank 19,568 7,799
254,864 316,978
CREDITORS
Amounts falling due within one year 7 198,545 192,167
NET CURRENT ASSETS 56,319 124,811
TOTAL ASSETS LESS CURRENT LIABILITIES 81,824 135,416

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 81,822 135,414
SHAREHOLDERS' FUNDS 81,824 135,416

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

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

The director acknowledges his 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 director and authorised for issue on 14 July 2025 and were signed by:





C N Maltby - Director


MC (CHARLOTTE STREET) LTD (REGISTERED NUMBER: 10732869)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

MC (Charlotte Street) Ltd 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.

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


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.

Going Concern
The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from advisory services provided to small to mid-cap companies, from advice, through to funding and listing.

Turnover from the rendering of services is recognised by reference to the period over which the services are performed.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery 3 years straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Current and deferred tax assets and liabilities are not discounted.

MC (CHARLOTTE STREET) LTD (REGISTERED NUMBER: 10732869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Foreign currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets
Basic financial assets, including trade and other receivables and cash or bank balances, excluding any financing transactions, are initially recognised at transaction price and are subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

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 the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, 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.

Financial liabilities
Basic financial liabilities, including trade and other payables, excluding any financing transactions, are initially recognised at transaction price and are subsequently measured at amortised cost determined using the effective interest method.

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

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

MC (CHARLOTTE STREET) LTD (REGISTERED NUMBER: 10732869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 16,325 2,919 19,244
Additions 881 5,298 6,179
At 31 December 2024 17,206 8,217 25,423
DEPRECIATION
At 1 January 2024 11,333 2,306 13,639
Charge for year 5,178 2,101 7,279
At 31 December 2024 16,511 4,407 20,918
NET BOOK VALUE
At 31 December 2024 695 3,810 4,505
At 31 December 2023 4,992 613 5,605

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 5,000
Additions 16,000
At 31 December 2024 21,000
NET BOOK VALUE
At 31 December 2024 21,000
At 31 December 2023 5,000

These are capitalised legal fees covered by Stabilitech Biopharma Limited, which has since changed its name to iosBio Ltd and were settled through equity payment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,323 249,516
Amounts owed by group undertakings 450 86
Other debtors 27,500 27,500
Director's current account 103,509 -
Prepayments and accrued income 45,514 32,077
235,296 309,179

MC (CHARLOTTE STREET) LTD (REGISTERED NUMBER: 10732869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,818 10,769
Trade creditors 93,888 94,553
Amounts owed to group undertakings 1,254 -
Corporation Tax payable (4,227 ) 20,505
Social security and other taxes 3,435 9,162
Pension Payable 514 1,028
VAT 45,085 23,063
Other creditors 40,607 27,500
Net Wages Payable 5,587 5,587
Accruals and deferred income 1,584 -
198,545 192,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary 0.01 2 2

9. RESERVES
Retained
earnings
£   

At 1 January 2024 135,414
Deficit for the year (53,592 )
At 31 December 2024 81,822

10. RELATED PARTY DISCLOSURES

At the year end, the company owed £103,509 (2023 : £ Nil ) from the directors of the company, the amount will be repaid by 30th Sep 2025.

During the year, total dividends of £Nil (2023: £107,468) were paid to the director.

As at year end an amount owed from ArtUbicua CIC is £450, a company where Mr Colin is also the director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

11. ULTIMATE CONTROLLING PARTY

The director Colin Neil Maltby, control the company by virtue of the majority share of the voting rights.