MML Inc. Limited - Accounts to registrar (filleted) - small 18.2

MML Inc. Limited - Accounts to registrar (filleted) - small 18.2

MML INC. LIMITED - Company Information

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REGISTERED NUMBER: 05304042 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

MML Inc. Limited
MML Inc. Limited (Registered number: 05304042)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MML Inc. Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: W Lebbe
D Lebbe





SECRETARY: W Lebbe





REGISTERED OFFICE: 231 Brompton Road
London
SW3 2BP





REGISTERED NUMBER: 05304042 (England and Wales)





ACCOUNTANTS: Hiland Consulting Limited
Hiland House
282 The Ridgeway
Botany Bay
Enfield
Middlesex
EN2 8AP
Page 1
MML Inc. Limited (Registered number: 05304042)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,711,260 1,711,260

CURRENT ASSETS
Debtors 5 17,688 7,055
Cash at bank 59,814 67,447
77,502 74,502
CREDITORS
Amounts falling due within one year 6 1,665,115 1,660,444
NET CURRENT LIABILITIES (1,587,613 ) (1,585,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
123,647
125,318

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 123,644 125,315
SHAREHOLDERS' FUNDS 123,647 125,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 23 March 2019 and were signed on its behalf by:





D Lebbe - Director


The notes form part of these financial statements

Page 2
MML Inc. Limited (Registered number: 05304042)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

MML Inc. Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 not provided on land and buildings.

Going concern
MML Inc. Limited holds the long leasehold on a commercial property. Until June 2018 this was sublet to
Knightsbridge Dry Cleaners Limited, a company controlled by the directors of MML Inc. Limited. During the
period under review, Knightsbridge Dry Cleaners Limited entered into voluntary liquidation.

At the date of this report the company is seeking to sublet the commercial property and to sell the long leasehold.
Following a sale of the long leasehold the company will repay the shareholder loans and then enter into voluntary
liquidation.

The main company asset is the long leasehold, shown at cost. In the opinion of the directors there is no
requirement to revalue this asset in light of the circumstances set out above. The main creditors are loans owed to
the shareholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2018
and 31 December 2018 1,711,260
NET BOOK VALUE
At 31 December 2018 1,711,260
At 31 December 2017 1,711,260

Land and buildings consist of the costs of acquiring a 999 year lease on a commercial property, which
commenced on 10 December 2004 and expires on 9 December 3003. The Directors are of the opinion that a fair
value cannot be measured reliably and so the property is included under tangible fixed assets. The Directors are
of the opinion that there has been no impairment in value.

Page 3 continued...
MML Inc. Limited (Registered number: 05304042)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 17,688 7,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 15,345 -
Taxation and social security - 10,826
Other creditors 1,649,770 1,649,618
1,665,115 1,660,444

7. RELATED PARTY DISCLOSURES

At the year end £964,398 (2017: £964,398) was owed by the company to Mr W Lebbe, and £352,359 (2017:
£352,359) was owed to Mr D Lebbe, as directors, in connection with the acquisition of the long leasehold
property. These amounts are included in Other creditors in Note 7.

During the year Mr W Lebbe and Mrs M Lebbe, shareholders of the company, provided a loan of £332,060
(2017: £Nil), payable on demand. No interest arises on the loan. This amount is included in Other creditors in
Note 7.


71 Egerton Gardens Limited

Mr W Lebbe is a director and shareholder of 71 Egerton Gardens Limited, Mrs M Lebbe is a shareholder and Mr
D Lebbe is a director.

At the year end 71 Egerton Gardens Limited owed the Company £6,346 (2017: £6,346) from transactions arising
in previous periods. This amount is included in Other debtors in Note 6.


Knightsbridge Dry Cleaners Limited

Knightsbridge Dry Cleaners Limited, a company of which Mr D Lebbe and Mr W Lebbe were directors and
shareholders and Mrs M Lebbe was a shareholder. During the period under review Knightsbridge Dry Cleaners
Limited ceased trading and entered voluntary liquidation.

During the year the company charged Knightsbridge Dry Cleaners Limited £26,000 (2017: £60,000) for rent. At
the year end £Nil (2017: £Nil) was outstanding.

During the year the company repaid a loan owing to Knightsbridge Dry Cleaners Limited of £332,060 relating to
the acquisition of the long leasehold property in a previous period.. At the year end £Nil (2017: £332,060) was
outstanding. In 2017 this amount was included in Other creditors in Note 7.

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