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Company No: 03781875 (England and Wales)

# MADAKET LIMITED

### Unaudited Financial Statements
For the financial year ended 05 April 2026
Pages for filing with the registrar

MADAKET LIMITED

## Unaudited Financial Statements

For the financial year ended 05 April 2026

Contents

MADAKET LIMITED

## COMPANY INFORMATION

For the financial year ended 05 April 2026
MADAKET LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 05 April 2026

DIRECTOR | Sir Euan A-G-Calthorpe, Bt

REGISTERED OFFICE | 76 Hagley Road
| Birmingham
| West Midlands
| B16 8LU
| United Kingdom

COMPANY NUMBER | 03781875 (England and Wales)

BANKERS | Lloyds TSB plc
| St James' Branch
| Pall Mall
| 8-10 Waterloo Place
| London
| SW1Y 4BE

MADAKET LIMITED

## BALANCE SHEET

As at 05 April 2026
MADAKET LIMITED

## BALANCE SHEET (continued)

As at 05 April 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,045,303 |  | 941,743
|  | 1,045,303 |  | 941,743
Current assets |  |  |  |
Debtors | 4 | 18,031 |  | 1,161
Cash at bank and in hand |  | 403 |  | 7,301
|  | 18,434 |  | 8,462
Creditors: amounts falling due within one year | 5 | ( 605,191) |  | ( 504,992)
Net current liabilities |  | (586,757) |  | (496,530)
Total assets less current liabilities |  | 458,546 |  | 445,213
Provision for liabilities | 6, 7 | ( 80,393) |  | ( 80,393)
Net assets |  | 378,153 |  | 364,820
Capital and reserves |  |  |  |
Called-up share capital |  | 124,000 |  | 124,000
Other reserves |  | 358,784 |  | 358,784
Profit and loss account |  | ( 104,631 ) |  | ( 117,964 )
Total shareholders' funds |  | 378,153 |  | 364,820

For the financial year ending 05 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Madaket Limited (registered number: 03781875) were approved and authorised for issue by the Director on 22 July 2026. They were signed on its behalf by:

Sir Euan A-G-Calthorpe, Bt Director |

MADAKET LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2026
MADAKET LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Madaket Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 76 Hagley Road, Birmingham, West Midlands, B16 8LU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Going concern

The financial statements have been prepared on a going concern basis. New Canaan Investments Limited, the parent company, has confirmed that it will continue to support the company for a period of not less than one year from the date of approval of the financial statments.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the rent of property in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Revenue is recognised on the accruals basis.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amounts of deferred tax assets are reviewed at each reporting date, and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are initially recognised in profit or loss before being transferred to the non-distributable reserve net of deferred tax.

##### Trade and other debtors

Trade debtors are amounts due from tenants in respect of rent.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

##### Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year | 0 |  | 0

#### 3. Investment property

| Investment property
| £
Valuation |
As at 06 April 2025 | 941,743
Additions | 103,560
As at 05 April 2026 | 1,045,303

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 1,800 |  | 0
Amounts owed by group undertakings (note 8) | 778 |  | 778
Other debtors | 15,453 |  | 383
| 18,031 |  | 1,161

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 14,820 |  | 4,066
Amounts owed to group undertakings (note 8) | 274,381 |  | 274,381
Taxation and social security | 3,128 |  | 1,197
Other creditors | 312,862 |  | 225,348
| 605,191 |  | 504,992

#### 6. Provision for liabilities

| 2026 |  | 2025
| £ |  | £
Deferred tax | 80,393 |  | 80,393

#### 7. Deferred tax

| 2026 |  | 2025
| £ |  | £
At the beginning of financial year | ( 80,393) |  | ( 80,393)
At the end of financial year | ( 80,393) |  | ( 80,393)

#### 8. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2026 |  | 2025
| £ |  | £
New Canaan Investments Limited | 274,381 |  | 274,381

Amounts owed to group undertakings include a loan from New Canaan Investments Limited to the company. During the year, New Canaan Investments Limited loaned £nil (2025 - £nil) to the company. The loan is interest free and repayable on demand.

Transactions with the entity's director

| 2026 |  | 2025
| £ |  | £
Sir Euan A-G-Calthorpe, Bt | 311,032 |  | 223,602

Other creditors include a loan from Sir Euan A-G-Calthorpe, Bt to the company. During the year, Sir Euan A-G-Calthorpe, Bt loaned £87,430 (2025 - £16,605) to the company. The loan is interest free and repayable on demand.

Other related party transactions

| 2026 |  | 2025
| £ |  | £
Group relief debtor | 778 |  | 778

Amounts owed by group undertakings includes group relief provided by the company to New Canaan Investments Limited. During the year, the company provided group relief of £nil (2025 - £563) to that company