Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 1 2024-01-01 1 Security dealing on own account false true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12365182 2024-01-01 2024-12-31 12365182 2023-01-01 2023-12-31 12365182 2024-12-31 12365182 2023-12-31 12365182 c:Director1 2024-01-01 2024-12-31 12365182 d:CurrentFinancialInstruments 2024-12-31 12365182 d:CurrentFinancialInstruments 2023-12-31 12365182 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12365182 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12365182 d:ShareCapital 2024-12-31 12365182 d:ShareCapital 2023-12-31 12365182 d:RevaluationReserve 2024-12-31 12365182 d:RevaluationReserve 2023-12-31 12365182 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 12365182 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12365182 d:RetainedEarningsAccumulatedLosses 2024-12-31 12365182 d:RetainedEarningsAccumulatedLosses 2023-12-31 12365182 d:OtherDeferredTax 2024-12-31 12365182 d:OtherDeferredTax 2023-12-31 12365182 c:FRS102 2024-01-01 2024-12-31 12365182 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12365182 c:FullAccounts 2024-01-01 2024-12-31 12365182 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12365182 6 2024-01-01 2024-12-31 12365182 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 12365182 ML CAPITAL LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
ML CAPITAL LIMITED REGISTERED NUMBER: 12365182 BALANCE SHEET AS AT 31 DECEMBER 2024
|  |  |  | As restated
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 5 |  | 1,639,941 |  | 1,667,080
|  |  | 1,639,941 |  | 1,667,080
Current assets |  |  |  |  |
Debtors |  | 32,945 |  | 31,684 |
Cash at bank and in hand | 6 | 100 |  | 100 |
|  | 33,045 |  | 31,784 |
Creditors: amounts falling due within one year | 7 | (1,712,888) |  | (1,807,558) |
Net current liabilities |  |  | (1,679,843) |  | (1,775,774)
Total assets less current liabilities |  |  | (39,902) |  | (108,694)
Net liabilities |  |  | (39,902) |  | (108,694)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Fair value reserve | 9 |  | (64,039) |  | (95,054)
Profit and loss account | 9 |  | 24,037 |  | (13,740)
|  |  | (39,902) |  | (108,694)
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ML CAPITAL LIMITED REGISTERED NUMBER: 12365182 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 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 her 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:
M L Cook
Director
Date: 16 September 2025
The notes on pages 3 to 6 form part of these financial statements. Page 2
ML CAPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
ML Capital Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Director's report. 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
At the time of approving the financial statements, the director will continue to provide financial support to the company and has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. 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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
ML CAPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Valuation of investments
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 Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.6 | 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.
| 2.7 | 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. Page 4
ML CAPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.8 | 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.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.
4. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
5. | Fixed asset investments
|  | Listed investments
|  | £
| Cost or valuation |
| At 1 January 2024 | 1,667,080
| Additions | 24,115
| Disposals | (131,163)
| Revaluations | 79,909
| At 31 December 2024 | 1,639,941
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 100 | 100
|  | 100 | 100
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ML CAPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other creditors | 1,710,403 | 1,805,073
| Accruals and deferred income | 2,485 | 2,485
|  | 1,712,888 | 1,807,558
8. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | 31,684
| Charged to profit or loss | 1,261
| At end of year | 32,945
| The deferred tax asset is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Deferred tax on fair value movement | 32,945 | 31,684
|  | 32,945 | 31,684
9. | Reserves
Other reserves The balance in the fair value reserve arises from the restatement of fixed asset investments to market value at the balance sheet date. Profit and loss account The profit and loss account represents the distributable reserves of the Company
10. | Related party transactions
| Included in other creditors is a loan balance of £1,710,403 (2023: £1,805,073) due to the Director. No interest is charged on this balance and it is repayable on demand.
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