Mullan Construction Limited - Accounts to registrar (filleted) - small 18.2

Mullan Construction Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01797049 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 OCTOBER 2016 TO 29 OCTOBER 2017

FOR

MULLAN CONSTRUCTION LIMITED

MULLAN CONSTRUCTION LIMITED (REGISTERED NUMBER: 01797049)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 OCTOBER 2016 TO 29 OCTOBER 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MULLAN CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 OCTOBER 2016 TO 29 OCTOBER 2017







DIRECTOR: Mr P Mullan





SECRETARY: Mr P Mullan





REGISTERED OFFICE: Michael Filiou Plc
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 01797049 (England and Wales)





ACCOUNTANTS: Michael Filiou Plc
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

MULLAN CONSTRUCTION LIMITED (REGISTERED NUMBER: 01797049)

ABRIDGED BALANCE SHEET
29 OCTOBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 626,803 626,803

CURRENT ASSETS
Cash at bank 1,352 1,352

CREDITORS
Amounts falling due within one year 106,212 116,234
NET CURRENT LIABILITIES (104,860 ) (114,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,943

511,921

CREDITORS
Amounts falling due after more than one
year

4

254,888

238,346
NET ASSETS 267,055 273,575

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 11,099 11,099
Retained earnings 255,856 262,376
SHAREHOLDERS' FUNDS 267,055 273,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 October 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MULLAN CONSTRUCTION LIMITED (REGISTERED NUMBER: 01797049)

ABRIDGED BALANCE SHEET - continued
29 OCTOBER 2017


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 29 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 7 September 2019 and were signed by:





Mr P Mullan - Director


MULLAN CONSTRUCTION LIMITED (REGISTERED NUMBER: 01797049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 OCTOBER 2016 TO 29 OCTOBER 2017


1. STATUTORY INFORMATION

Mullan Construction 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 as modified by the revaluation of certain assets.

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 provided at the following annual rates in order to write off each asset over its estimated useful life.

The company's properties are held for long term investment and are included in the Balance Sheet at their open
market values. The surplus or deficit on annual revaluation of such properties are transferred to the revaluation
reserve. Depreciation is not provided in respect of land and buildings.

The policy represents a departure from statutory accounting principles, which require depreciation to be
provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may
give a true and fair view because current values and changes in current values are prime importance rather than
the calculation of systematic annual depreciation. Depreciation or amortisation is only one of many factors
reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately
identified or quantified.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MULLAN CONSTRUCTION LIMITED (REGISTERED NUMBER: 01797049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 OCTOBER 2016 TO 29 OCTOBER 2017


3. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 31 October 2016
and 29 October 2017 626,803
NET BOOK VALUE
At 29 October 2017 626,803
At 30 October 2016 626,803

The freehold investment properties were valued by directors at market value on 30 April 2014. The Historical
cost of the freehold property is £615,704.


4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2017 2016
£    £   
Repayable by instalments
Bank loans more than 5 years 174,888 158,346

5. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 274,888 258,346

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Revaluation
reserve
£   
At 31 October 2016
and 29 October 2017 11,099

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Mullan.