Model Technik & Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08915130 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Model Technik & Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K L Jones FCIS

Mrs K L Finan

SECRETARY:

ILS Secretaries Ltd

REGISTERED OFFICE:

4th Floor

1 Knightrider Court

London

EC4V 5BJ

REGISTERED NUMBER:

08915130 (England and Wales)

ACCOUNTANTS:

ILS Fiduciaries (IOM) Limited

First Floor

Millennium House

Victoria Road

Douglas

Isle of Man

IM2 4RW

CURRENT ASSETS

Debtors

3

151,437

105,674

Cash at bank

213,496

293,258

364,933

398,932

CREDITORS

Amounts falling due within one year

4

340,534

90,524

NET CURRENT ASSETS

24,399

308,408

TOTAL ASSETS LESS CURRENT LIABILITIES

24,399

308,408

CREDITORS

Amounts falling due after more than one year

5

-

294,124

NET ASSETS

24,399

14,284

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

24,397

14,282

SHAREHOLDERS' FUNDS

24,399

14,284

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 June 2019 and were signed on its behalf by:

Mrs K L Finan - Director

1.	STATUTORY INFORMATION

Model Technik & Management 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 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 represents net invoiced sales of services, excluding value added tax.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

€

€

Trade debtors

113,953

22,992

Prepayments

11,572

10,422

VAT

12,590

12,902

Called up share capital not paid

2

2

Accrued income

13,320

59,356

151,437

105,674

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

€

€

Beneficial owner loan

294,124

-

Trade creditors

44,195

88,383

Accruals

2,215

2,141

340,534

90,524

The loan from the beneficial owners is unsecured, interest free and has no fixed date of repayment.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

€

€

Beneficial owner loan

-

294,124

During the year, the loan from the beneficial owners was changed from a non-current liability to a current

liability in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102.

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

€

€

2

Ordinary

1

2

2

7.

RESERVES

Retained

earnings

€

At 1 January 2018

14,282

Profit for the year

10,115

At 31 December 2018

24,397

8.	RELATED PARTY DISCLOSURES

Beneficial owner loan

Amount due to the beneficial owners at the balance sheet date was €294,124 (2017: €294,124).

9.	POST BALANCE SHEET EVENTS

The effect of events relating to the year ended 31 December 2018, which occurred before the date of approval of

the financial statements by the directors, have been included to the extent required to show a true and fair view

of the state of affairs at 31 December 2018 and of the results of the year ended on that date.