MCD M&A Consulting Ltd - Period Ending 2014-12-31

Registration number: 05658801

MCD M&A Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Charter Tax Consulting Ltd
11 St. James's Place
London
SW1A 1NP

MCD M&A Consulting Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
MCD M&A Consulting Ltd
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MCD M&A Consulting Ltd for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of MCD M&A Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MCD M&A Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MCD M&A Consulting Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MCD M&A Consulting Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MCD M&A Consulting Ltd. You consider that MCD M&A Consulting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of MCD M&A Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

 
 
  ........................................
  Charter Tax Consulting Ltd
  11 St. James's Place
  London
  SW1A 1NP

29 January 2016

Page 1

MCD M&A Consulting Ltd
(Registration number: 05658801)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 $			2013 $
Fixed assets
Tangible fixed assets					4,884			1,273
Investments					67,720			67,720
					72,604			68,993
Current assets
Debtors					41,580			267,028
Cash at bank and in hand					3,487,285			1,592,239
					3,528,865			1,859,267
Creditors: Amounts falling due within one year					(1,962,405)			(2,047,130)
Net current assets/(liabilities)					1,566,460			(187,863)
Total assets less current liabilities					1,639,064			(118,870)
Debtors: Amounts falling due after more than one year		2			3,501,684			3,278,826
Creditors: Amounts falling due after more than one year					(2,564,002)			(938,365)
Net assets					2,576,746			2,221,591
Capital and reserves
Called up share capital		4			163			163
Profit and loss account					2,576,583			2,221,428
Shareholders' funds					2,576,746			2,221,591

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 29 January 2016

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

MCD M&A Consulting Ltd
(Registration number: 05658801)
Abbreviated Balance Sheet at 31 December 2014
......... continued

.................................................
 Mr Joseph Claude Kalifa
 Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

MCD M&A Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% straight line

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

MCD M&A Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Debtors: Amounts falling due after more than one year

					2014 $			2013 $
Other debtors over 1 yr					3,501,684			3,278,826
					3,501,684			3,278,826

3	Fixed assets

		Tangible assets $			Investments $			Total $
Cost
At 1 January 2014		18,503			67,720			86,223
Additions		6,679			-			6,679
At 31 December 2014		25,182			67,720			92,902
Depreciation
At 1 January 2014		17,230			-			17,230
Charge for the year		3,068			-			3,068
At 31 December 2014		20,298			-			20,298
Net book value
At 31 December 2014		4,884			67,720			72,604
At 31 December 2013		1,273			67,720			68,993

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
MCD Belgium BVBA Incorporated in Belgium		Ordinary	66%	providing consultancy services

Page 5

MCD M&A Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

The loss for the financial period of MCD Belgium BVBA was $129,961 and the aggregate amount of capital and reserves at the end of the period was $489,495.

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			$			No.			$
Ordinary of £1 each		100			163			100			163

Page 6