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Registered number: 04203858
M&A ADVISORY LIMITED
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 March 2025
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M&A ADVISORY LIMITED
Registered number: 04203858
Balance Sheet
As at 31 March 2025
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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 his 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 on 30 December 2025.
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M&A ADVISORY LIMITED
Registered number: 04203858
Balance Sheet (continued)
As at 31 March 2025
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A Pacciana
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The notes on pages 3 to 9 form part of these financial statements.
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M&A ADVISORY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
253 Gray's Inn Road
London
WC1X 8QT
2.Accounting policies
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Basis of preparation of financial statements
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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:
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Exemption from preparing consolidated financial statements
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The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
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Foreign currency translation
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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'.
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M&A ADVISORY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
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:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Interest income is recognised in profit or loss using the effective interest method.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
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M&A ADVISORY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
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.
Both current and deferred tax are determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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:
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.
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M&A ADVISORY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
Investments in subsidiaries are measured at cost less accumulated 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.
Investments in company shares and open-ended investment funds, 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.
Alternative investments, mainly collectible items such as classic cars and vintage watches, are measured at cost less accumulated impairment.
No depreciation has been charged on the alternative investments as they are maintained to a high standard and the residual value is considered to be at least the carrying value within the financial statements
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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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.
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including directors, during the year was 9 (2024 - 10).
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M&A ADVISORY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
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Charge for the year on owned assets
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Investments in subsidiary companies
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M&A ADVISORY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
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Due after more than one year
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Amounts owed by group undertakings
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Prepayments and accrued income
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Current asset investments
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The company has invested in a corporate investment fund registered in Luxembourg.
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Cash and cash equivalents
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M&A ADVISORY LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Related party transactions
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During the year, the company provided a further loan for the sum of £25,032 to M&A Real Estate Ltd, a
company in which the director, A Pacciana has an interest. There are no fixed repayment terms and interest is receivable at the rate of 1.20% per annum. Interest for the sum of £11,552 (2024 - £10,877) was receivable in respect of the year. At the balance sheet date, the total sum of £1,073,720 (2024 - £1,037,136) was due from M&A Real Estate Ltd.
During the year , the company advanced the sum of £10,455 to OTID Srl, a subsidiary company. The balance was receivable at the year end.
During the year, the company entered into transactions with the director A Pacciana in the form of loan advances.
The opening balance at 1 April 2024 was £(5,075); advances during the year - £7,450; repayments during the year - £(646); closing balance at 31 March 2025 - £1,729.
During the year, the company advanced the sum of £13,700 to M Pacciana,, brother of A Pacciana. At the balance sheet, the sum of £14,370 (2024 - £1,259) was due from M Pacciana.
All advances are unsecured, carry no interest and are repayable on demand.
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