MC Squared Capital Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12376469

MC Squared Capital Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

MC Squared Capital Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Accounting policies	4

Notes to the financial statements	6

MC Squared Capital Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of MC Squared Capital Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MC Squared Capital Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

PORTER GARLAND Chartered accountants

Communication House Victoria Avenue Camberley Surrey GU15 3HX

24 September 2025

MC Squared Capital Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	3	2,888,439	1,680,654
Investments	4	600,652	495,000
		------------	------------
		3,489,091	2,175,654

Current assets

Debtors	5	2,746,257	2,226,275
Cash at bank and in hand		1,578,127	1,379,681
		------------	------------
		4,324,384	3,605,956

Creditors: amounts falling due within one year	6	720,211		818,731
		------------		------------
Net current assets			3,604,173		2,787,225
			------------		------------
Total assets less current liabilities			7,093,264		4,962,879

Creditors: amounts falling due after more than one year	7		8,052		4,532

Provisions	144,434	–
	------------	------------
Net assets	6,940,778	4,958,347
	------------	------------

Capital and reserves

Called up share capital	86	90
Fair value reserve	433,302	–
Capital redemption reserve	4	–
Profit and loss account	6,507,386	4,958,257
	------------	------------
Shareholder funds	6,940,778	4,958,347
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MC Squared Capital Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr C J Ball

Director

Company registration number: 12376469

MC Squared Capital Limited

Accounting Policies

Year ended 31 December 2024

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date .

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss account.

MC Squared Capital Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Communication House, Victoria Avenue, Camberley, Surrey, GU15 3HX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Tangible assets

	Investment property
	£
Cost or valuation
At 1 January 2024	1,680,654
Additions	630,049
Revaluations	577,736
	------------
At 31 December 2024	2,888,439
	------------
Depreciation
At 1 January 2024 and 31 December 2024	–
	------------
Carrying amount
At 31 December 2024	2,888,439
	------------
At 31 December 2023	1,680,654
	------------

The investment properties have been valued by the director's at their respective open market values.

4. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 January 2024	60	495,000	495,060
Disposals	( 60)	–	( 60)
Revaluations	–	105,652	105,652
	----	---------	---------
At 31 December 2024	–	600,652	600,652
	----	---------	---------
Impairment
At 1 January 2024	60	–	60
Disposals	( 60)	–	( 60)
	----	---------	---------
At 31 December 2024	–	–	–
	----	---------	---------

Carrying amount
At 31 December 2024	–	600,652	600,652
	----	---------	---------
At 31 December 2023	–	495,000	495,000
	----	---------	---------

5. Debtors

	2024	2023
	£	£
Trade debtors	2,783	908
Other debtors	2,743,474	2,225,367
	------------	------------
	2,746,257	2,226,275
	------------	------------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	6,063	1,868
Social security and other taxes	694,880	812,445
Other creditors	19,268	4,418
	---------	---------
	720,211	818,731
	---------	---------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	8,052	4,532
	-------	-------

8. Directors' advances, credits and guarantees

At the balance sheet date the company was owed £700,090 (2023: £450,000 ) by the directors of the company. The amount of £550,000 was repaid on 23 May 2025.

9. Related party transactions

As at the balance sheet date the company was owed the sum of £ 1,095,028 (2023 : £ 1,741,445 ) by Meter Corp 4 Limited. The directors of Meter Corp 4 Limited are Mr C J Ball , Mr I Moreno and Mr J R Steiner. The loan is non interest bearing and is repayable on demand. As at the balance sheet date the company was owed the sum of £15,857 (2023 : £14,502) by Meter Corp 3 Limited. The directors of Meter Corp 3 Limited are Mr C J Ball , Mr I Moreno and Mr J R Steiner. The loan is non interest bearing and is repayable on demand. As at the balance sheet date the company was owed the sum of £20,505 (2023 : £13,214) by Global Remote Consulting Limited. The directors of Global Remote Consulting Limited are Mr C J Ball , Mr I Moreno and Mr J R Steiner. The loan is non interest bearing and is repayable on demand. As at the balance sheet date the company owed the sum of £ 418 (2023 : £ 418 ) to Meter Corp Limited. The directors of Meter Corp Limited are Mr C J Ball , and Mr J R Steiner. The loan is non interest bearing and is repayable on demand.