MACL Holdings Limited - Accounts to registrar (filleted) - small 18.2
MACL Holdings Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 10 MARCH 2020 TO 31 OCTOBER 2020 |
FOR |
MACL HOLDINGS LIMITED |
MACL HOLDINGS LIMITED (REGISTERED NUMBER: 12508086) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 10 March 2020 to 31 October 2020 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MACL HOLDINGS LIMITED |
COMPANY INFORMATION |
for the period 10 March 2020 to 31 October 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
MACL HOLDINGS LIMITED (REGISTERED NUMBER: 12508086) |
ABRIDGED BALANCE SHEET |
31 October 2020 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
MACL HOLDINGS LIMITED (REGISTERED NUMBER: 12508086) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 10 March 2020 to 31 October 2020 |
1. | STATUTORY INFORMATION |
MACL Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due. |
Going concern |
The director has also considered the effects of Covid-19 on its operations for the foreseeable future. After making appropriate enquiries and assessing the support available, the director has formed a judgement that the entity will have sufficient resources available to neutralise the effect of the pandemic. |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially the risks and rewards of ownership |
are transferred to another party, or in the case of liabilities, when the company's obligations |
are discharged, expire or cancelled. |
The company holds the following financial instruments, all of which meet the conditions to be classified as basic instruments: |
- Cash, short term trade debtors and creditors |
Such instruments are initially measured at transaction price, transaction costs, and are subsequently carried at the undiscounted amount of cash or other consideration expected to be paid or recieved, after taking account of impairment adjustment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | FIXED ASSET INVESTMENTS |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
5. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Included in other creditors, there is a loan account balance of £3,152,500 (2019: £nil) due to HBS Electronics (Holdings) Limited, a company under common control. The balance remains outstanding at the year end. |
MACL HOLDINGS LIMITED (REGISTERED NUMBER: 12508086) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 10 March 2020 to 31 October 2020 |
6. | ULTIMATE CONTROLLING PARTY |
Mr N G Harvey, the sole director, controls the company by virtue of holding 100% of the issued share capital. |