Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07067489 2024-01-01 2024-12-31 07067489 2023-01-01 2023-12-31 07067489 2024-12-31 07067489 2023-12-31 07067489 c:Director1 2024-01-01 2024-12-31 07067489 c:Director2 2024-01-01 2024-12-31 07067489 c:RegisteredOffice 2024-01-01 2024-12-31 07067489 d:MotorVehicles 2024-01-01 2024-12-31 07067489 d:MotorVehicles 2024-12-31 07067489 d:MotorVehicles 2023-12-31 07067489 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07067489 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 07067489 d:FreeholdInvestmentProperty 2024-12-31 07067489 d:FreeholdInvestmentProperty 2023-12-31 07067489 d:CurrentFinancialInstruments 2024-12-31 07067489 d:CurrentFinancialInstruments 2023-12-31 07067489 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07067489 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07067489 d:ShareCapital 2024-12-31 07067489 d:ShareCapital 2023-12-31 07067489 d:RetainedEarningsAccumulatedLosses 2024-12-31 07067489 d:RetainedEarningsAccumulatedLosses 2023-12-31 07067489 c:FRS102 2024-01-01 2024-12-31 07067489 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07067489 c:FullAccounts 2024-01-01 2024-12-31 07067489 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07067489 6 2024-01-01 2024-12-31 07067489 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 07067489







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


MAK INDUSTRIES LIMITED






































img58b3.png                        

 


MAK INDUSTRIES LIMITED
 


 
COMPANY INFORMATION


Directors
M A Kempster 
N Kempster 




Registered number
07067489



Registered office
London (W1w 5pf) Office 167-169 Great Portland Street
5th Floor

London

W1W 5PF




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


MAK INDUSTRIES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


MAK INDUSTRIES LIMITED
REGISTERED NUMBER:07067489



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
53,963
-

Investments
 5 
1,101,923
934,211

Investment property
 6 
1,807,965
1,338,973

  
2,963,851
2,273,184

Current assets
  

Debtors due within 1 year
 7 
8,461
24,230

Bank and cash balances
  
57,611
202,629

  
66,072
226,859

Creditors: amounts falling due within one year
 8 
(663,322)
(265,328)

Net current liabilities
  
 
 
(597,250)
 
 
(38,469)

Total assets less current liabilities
  
2,366,601
2,234,715

Provisions for liabilities
  

Deferred tax
  
(13,498)
(2,724)

  
 
 
(13,498)
 
 
(2,724)

Net assets
  
2,353,103
2,231,991


Capital and reserves
  

Called up share capital 
  
2,000,000
2,000,000

Profit and loss account
  
353,103
231,991

  
2,353,103
2,231,991


Page 1

 


MAK INDUSTRIES LIMITED
REGISTERED NUMBER:07067489


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 by: 




................................................
M A Kempster
Director

Date: 15 July 2025

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

Page 2

 


MAK INDUSTRIES LIMITED
 


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

1.


General information

Mak Industries Limited 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

 
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

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:

Revenue is recognised once the company has entitlement to the income, it is probable that the revenue will be received and the amount can be measured reliably.

 
2.3

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 reporting 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 reporting 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 reporting date.

  
2.4

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value are recognised in the income statement.

Page 3

 


MAK INDUSTRIES LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

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

Page 4

 


MAK INDUSTRIES LIMITED
 


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

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
61,090



At 31 December 2024

61,090



Depreciation


Charge for the year on owned assets
7,127



At 31 December 2024

7,127



Net book value



At 31 December 2024
53,963



At 31 December 2023
-


5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 January 2024
-
934,211
934,211


Additions
300
534,737
535,037


Disposals
-
(434,281)
(434,281)


Revaluations
-
66,956
66,956



At 31 December 2024
300
1,101,623
1,101,923




Page 5

 


MAK INDUSTRIES LIMITED
 


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

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
1,338,973


Additions at cost
468,992



At 31 December 2024
1,807,965

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





7.


Debtors

2024
2023
£
£


Trade debtors
4,520
2,520

Amounts owed by joint ventures and associated undertakings
1,582
-

Other debtors
360
19,907

Prepayments and accrued income
1,999
1,803

8,461
24,230



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
120,000

Corporation tax
-
9,361

Other taxation and social security
663
-

Other creditors
646,878
121,851

Accruals and deferred income
15,781
14,116

663,322
265,328



9.


Related party transactions

At the reporting date the company owed £634,614 (2022: £111,587) to related parties. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 6