Maddox Advisors (UK) Ltd - Accounts to registrar (filleted) - small 23.1.2

Maddox Advisors (UK) Ltd - Accounts to registrar (filleted) - small 23.1.2

MADDOX ADVISORS (UK) LTD - Company Information

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REGISTERED NUMBER: 08785241 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

MADDOX ADVISORS (UK) LTD
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MADDOX ADVISORS (UK) LTD

COMPANY INFORMATION
for the year ended 31 December 2022







DIRECTORS: Mr K L Hunter
Mr C W G Goldsmith





REGISTERED OFFICE: Office 109
180 Piccadilly
London
London
W1J 9HF





REGISTERED NUMBER: 08785241 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)

ABRIDGED BALANCE SHEET
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 335 434
Investments 5 29,000 29,000
29,335 29,434

CURRENT ASSETS
Debtors 47,530 74,685
Cash at bank and in hand 12,830 2,360
60,360 77,045
CREDITORS
Amounts falling due within one year 27,442 47,006
NET CURRENT ASSETS 32,918 30,039
TOTAL ASSETS LESS CURRENT
LIABILITIES
62,253
59,473

CREDITORS
Amounts falling due after more than one
year
25,833
35,833
NET ASSETS 36,420 23,640

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,320 23,540
SHAREHOLDERS' FUNDS 36,420 23,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The notes form part of these financial statements

Page 2 continued...
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)

ABRIDGED BALANCE SHEET - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2023 and were signed on its behalf by:





Mr K L Hunter - Director


The notes form part of these financial statements

Page 3
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Maddox Advisors (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Investment in the accounts is shown at cost less accumulated impairment losses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Page 4 continued...
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 31 December 2022 2,249
DEPRECIATION
At 1 January 2022 1,815
Charge for year 99
At 31 December 2022 1,914
NET BOOK VALUE
At 31 December 2022 335
At 31 December 2021 434

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2022
and 31 December 2022 29,000
NET BOOK VALUE
At 31 December 2022 29,000
At 31 December 2021 29,000

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
Mr K L Hunter
Balance outstanding at start of year - 47,136
Amounts repaid - (47,136 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Page 5