Company Registration No. 08801121 (England and Wales)
Madrigal Investments Ltd
Unaudited accounts
for the year ended 31 December 2024
Madrigal Investments Ltd
Unaudited accounts
Contents
Madrigal Investments Ltd
Company Information
for the year ended 31 December 2024
Directors
Dominic John Tyler
Ella Louise Tyler
Company Number
08801121 (England and Wales)
Registered Office
Orchard House
Clyst St. Mary
Exeter
EX5 1BR
England
Accountants
The Fresh Accountancy Company Limited
Orchard House
Clyst St. Mary
Exeter
DEvon
EX5 1BR
Madrigal Investments Ltd
Statement of financial position
as at 31 December 2024
Investment property
870,000
870,000
Cash at bank and in hand
51,053
39,102
Creditors: amounts falling due within one year
(321,086)
(313,957)
Net current liabilities
(269,673)
(274,524)
Total assets less current liabilities
600,327
595,476
Creditors: amounts falling due after more than one year
(388,798)
(388,748)
Provisions for liabilities
Deferred tax
(33,958)
(33,958)
Net assets
177,571
172,770
Called up share capital
2
2
Profit and loss account
177,569
172,768
Shareholders' funds
177,571
172,770
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by
Dominic John Tyler
Director
Company Registration No. 08801121
Madrigal Investments Ltd
Notes to the Accounts
for the year ended 31 December 2024
Madrigal Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 08801121. The registered office is Orchard House, Clyst St. Mary, Exeter, EX5 1BR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
No depreciation is charged on the investment property. Revaluations are undertaken annually by the directors and on an irregular basis by a professional valuer
Fair value at 1 January 2024
870,000
At 31 December 2024
870,000
The original investment property was revalued under normal valuation methods for the purposes of remortgaging in 2017. The directors consider that this property has not increased in value in the current year.
The properties were valued by the directors
Madrigal Investments Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
360
331
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
274,754
268,109
Taxes and social security
2,671
2,501
Other creditors
4,155
4,155
Loans from directors
38,901
38,277
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
388,798
388,748
The mortgages are secured on the companys investment properties
The mortgage is also secured by personal guarantees from the directors
8
Deferred taxation
2024
2023
Accelerated capital allowances
33,958
33,958
Provision at start of year
33,958
33,958
Provision at end of year
33,958
33,958
9
Transactions with related parties
Summary of transactions with other related parties
The company benefits from loans from the directors. The directors have lent the company £38,901 (2023: £38,277). No interest is payable on these loans and they are repayable on demand.
The company also benefits from a loan from Space Architects Limited, a company controlled by one of the directors. The loan from Space Architects amounts to £274,754 (2023: £268,109). It is repayable on demand and is charged at the rate of 3% per annum.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).