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MUCAN INVESTMENTS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-052022-04-05Mucan Investments Limited is a private company (limited by shares) and incorporated in England and Wales. Company number 00819219. The registered office address is c/o Mazars LLP, 30 Old Bailey, London, United Kingdom, EC4M 7AU. The principal activity of the company during the year continued to be the holding of investments including agricultural land. The functional currency of the company is Pounds Sterling as this is the current of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest £. The principal acivity of the company is holding of investments including agricultural land.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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 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.2021-04-06false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00819219 2021-04-06 2022-04-05 00819219 2020-04-06 2021-04-05 00819219 2022-04-05 00819219 2021-04-05 00819219 c:Director1 2021-04-06 2022-04-05 00819219 d:Buildings d:ShortLeaseholdAssets 2021-04-06 2022-04-05 00819219 d:LandBuildings 2022-04-05 00819219 d:LandBuildings 2021-04-05 00819219 d:CurrentFinancialInstruments 2022-04-05 00819219 d:CurrentFinancialInstruments 2021-04-05 00819219 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 00819219 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-05 00819219 d:ShareCapital 2022-04-05 00819219 d:ShareCapital 2021-04-05 00819219 d:SharePremium 2021-04-06 2022-04-05 00819219 d:SharePremium 2022-04-05 00819219 d:SharePremium 2021-04-05 00819219 d:RetainedEarningsAccumulatedLosses 2021-04-06 2022-04-05 00819219 d:RetainedEarningsAccumulatedLosses 2022-04-05 00819219 d:RetainedEarningsAccumulatedLosses 2021-04-05 00819219 c:OrdinaryShareClass1 2021-04-06 2022-04-05 00819219 c:OrdinaryShareClass1 2020-04-06 2021-04-05 00819219 c:OrdinaryShareClass2 2021-04-06 2022-04-05 00819219 c:OrdinaryShareClass2 2022-04-05 00819219 c:OrdinaryShareClass3 2021-04-06 2022-04-05 00819219 c:OrdinaryShareClass3 2022-04-05 00819219 c:OrdinaryShareClass4 2021-04-06 2022-04-05 00819219 c:OrdinaryShareClass4 2022-04-05 00819219 c:OrdinaryShareClass5 2021-04-06 2022-04-05 00819219 c:FRS102 2021-04-06 2022-04-05 00819219 c:AuditExempt-NoAccountantsReport 2021-04-06 2022-04-05 00819219 c:FullAccounts 2021-04-06 2022-04-05 00819219 c:PrivateLimitedCompanyLtd 2021-04-06 2022-04-05 00819219 2 2021-04-06 2022-04-05 00819219 6 2021-04-06 2022-04-05 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00819219

MUCAN INVESTMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2022

MUCAN INVESTMENTS LIMITED

REGISTERED NUMBER: 00819219

BALANCE SHEET

AS AT 5 APRIL 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		5,800		5,800
Investments	5		304,730		287,364
			310,530		293,164
Current assets
Debtors: amounts falling due within one year	6	-		91
Cash at bank and in hand		191,277		340,896
		191,277		340,987
Creditors: amounts falling due within one year	7	(2,880)		(2,340)
Net current assets			188,397		338,647
Total assets less current liabilities			498,927		631,811

Net assets			498,927		631,811

Capital and reserves
Called up share capital	8	100	100
Share premium account	9	49,980	49,980
Profit and loss account	9	448,847	581,731
		498,927	631,811

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MUCAN INVESTMENTS LIMITED

REGISTERED NUMBER: 00819219

BALANCE SHEET (CONTINUED)

AS AT 5 APRIL 2022

The directors consider 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 directors acknowledge their 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 statement of comprehensive income 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 by:

R A Woollard

Director

Date: 4 November 2022

The notes on pages 3 to 7 form part of these financial statements.

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MUCAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

1.	General information

Mucan Investments Limited is a private company (limited by shares) and incorporated in England and Wales. Company number 00819219. The registered office address is c/o Mazars LLP, 30 Old Bailey, London, United Kingdom, EC4M 7AU.
The principal activity of the company during the year continued to be the holding of investments including agricultural land.
The functional currency of the company is Pounds Sterling as this is the current of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Taxation

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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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MUCAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

2.Accounting policies (continued)

2.4

Tangible fixed assets

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.

Depreciation is provided on the following basis:

Land

Not depreciated

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.

2.5

Valuation of investments

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.

2.6

Debtors

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.

2.7

Cash and cash equivalents

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.

2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash

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MUCAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

2.Accounting policies (continued)

2.9

Financial instruments (continued)

flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 4).

4.	Tangible fixed assets

		Land
		£
	Cost
	At 6 April 2021	5,800
	At 5 April 2022	5,800

	Net book value
	At 5 April 2022	5,800
	At 5 April 2021	5,800

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MUCAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

5.	Fixed asset investments

		Listed investments
		£
	Valuation
	At 6 April 2021	287,364
	Revaluations	17,366
	At 5 April 2022	304,730

Debtors

					2022	2021
					£	£


Prepayments and accrued income	-	91
	-	91

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Accruals and deferred income	2,880	2,340
	2,880	2,340

Allotted, called up and fully paid

15 Ordinary A shares of £1 each	15	15
15 Ordinary B shares of 11 each	15	15
15 Ordinary C shares of 11 each	15	15
15 Ordinary D shares of 11 each	15	15
40 Ordinary E shares of 11 each	40	40

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MUCAN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

8.Share capital (continued)

100

All share classes with the exception of the Ordinary D shares can only be transmitted to as descendant of the shareholder named in the Articles. The Ordinary D shares can only be transmitted to a descendant of Richard Nigel Lever.

Reserves

Share premium account

This reserve represents the amount above the nominal value received for issued share capital, less transaction costs.

Profit and loss account

The profit and loss account represents cumulative profits and losses less dividends paid.

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