ACCOUNTS - Final Accounts

MA REALISATIONS LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31No description of principal activity2022-01-01false22truetrue 06021174 2022-01-01 2022-12-31 06021174 2021-01-01 2021-12-31 06021174 2022-12-31 06021174 2021-12-31 06021174 c:Director1 2022-01-01 2022-12-31 06021174 d:CurrentFinancialInstruments 2022-12-31 06021174 d:CurrentFinancialInstruments 2021-12-31 06021174 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06021174 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06021174 d:ShareCapital 2022-12-31 06021174 d:ShareCapital 2021-12-31 06021174 c:FRS102 2022-01-01 2022-12-31 06021174 c:Audited 2022-01-01 2022-12-31 06021174 c:FullAccounts 2022-01-01 2022-12-31 06021174 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06021174 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 06021174 e:PoundSterling 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 06021174

MA REALISATIONS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022


MA REALISATIONS LIMITED REGISTERED NUMBER:06021174

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£


Current assets
Stocks		17,731		17,204
Debtors: amounts falling due within one year	4	25,850		25,850
		43,581		43,054
Creditors: amounts falling due within one year	5	(43,481)		(42,954)
Net current assets			100		100
Total assets less current liabilities			100		100

Capital and reserves
Called up share capital	100	100
	100	100

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 by:

Gwilym Jones on behalf of H&J Director Services 2 Limited

Director

Date: 22 December 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1


MA REALISATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

The Company is a private limited company, incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Stocks

Work in progress is stated at the lower of cost and net realisable value, being the estimated settlement value less costs to complete. Cost is made up of purchase price, legal fees and other costs directly attributable to a case.
At each balance sheet date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its estimated settlement value less costs to complete. The impairment loss is recognised immediately in profit or loss.

2.3

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.

2.4

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.

2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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MA REALISATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.5

Financial instruments (continued)

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

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MA REALISATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Debtors

					2022	2021
					£	£


Other debtors	25,750	25,750
Called up share capital not paid	100	100
	25,850	25,850

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

	Amounts owed to group undertakings	43,481	42,954

6.	Controlling party

In both the current and prior year the immediate parent undertaking is Henderson & Jones Limited, incorporated in England & Wales, there is no ultimate controlling party.

7.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 22 December 2023 by Daryush Farshchi-Heidari (FCA) (Senior statutory auditor) on behalf of Sumer Auditco Limited.

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