| Multithread Holdings Limited |
| Registered number: |
13496165 |
| Balance Sheet |
| as at 30 June 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
4,099,534 |
|
|
4,099,534 |
|
| Current assets |
| Debtors |
4 |
|
100 |
|
|
100 |
|
| Creditors: amounts falling due within one year |
5 |
|
(472,403) |
|
|
(577,890) |
|
| Net current liabilities |
|
|
|
(472,303) |
|
|
(577,790) |
|
| Total assets less current liabilities |
|
|
|
3,627,231 |
|
|
3,521,744 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(734,975) |
|
|
(1,485,714) |
|
|
|
| Net assets |
|
|
|
2,892,256 |
|
|
2,036,030 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
2,892,156 |
|
|
2,035,930 |
|
| Shareholders' funds |
|
|
|
2,892,256 |
|
|
2,036,030 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J Kinnersley |
| Director |
| Approved by the board on 21 December 2023 |
|
| Multithread Holdings Limited |
| Notes to the Accounts |
| for the year ended 30 June 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments in subsidiary undertakings |
|
Investments in subsidiaries are shown at cost less provision for impairment. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 July 2022 |
4,099,534 |
|
|
At 30 June 2023 |
4,099,534 |
|
|
| 4 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Other debtors |
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Other creditors |
472,403 |
|
577,890 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Other creditors |
734,975 |
|
1,485,714 |
|
|
|
|
|
|
|
|
|
|
Included in other creditors are loans of £1,202,955 (2022: £2,057,143) which are secured by a charge over the share capital of Multithread Consultants Limited, a wholly owned subsidiary of the company. |
|
|
| 7 |
Other information |
|
|
Multithread Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Milestone House |
|
Millbrook |
|
Guildford |
|
GU1 3YA |
