M & M Assets Ltd - Accounts to registrar (filleted) - small 18.2
M & M Assets Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
FOR |
M & M ASSETS LTD |
M & M ASSETS LTD (REGISTERED NUMBER: 06755442) |
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 |
M & M ASSETS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Kingfisher House |
11 Hoffmanns Way |
Chelmsford |
Essex |
CM1 1GU |
M & M ASSETS LTD (REGISTERED NUMBER: 06755442) |
BALANCE SHEET |
31 DECEMBER 2018 |
31.12.18 | 31.12.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 its behalf by: |
M & M ASSETS LTD (REGISTERED NUMBER: 06755442) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
1. | STATUTORY INFORMATION |
M & M Assets Ltd is a |
company's registered number and registered office address can be found on the Company Information |
page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income received in the period net of value added tax. Turnover is |
recognised on an accruals basis. |
Tangible fixed assets |
Long leasehold | - |
Taxation |
Taxation for the year 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
M & M ASSETS LTD (REGISTERED NUMBER: 06755442) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
5. | TANGIBLE FIXED ASSETS |
Long |
leasehold |
£ |
COST |
At 1 January 2018 |
and 31 December 2018 |
DEPRECIATION |
At 1 January 2018 |
Charge for year |
At 31 December 2018 |
NET BOOK VALUE |
At 31 December 2018 |
At 31 December 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to participating interests | 95,997 | 107,984 |
Tax |
Accrued expenses |
M & M ASSETS LTD (REGISTERED NUMBER: 06755442) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.18 | 31.12.17 |
£ | £ |
Bank loans |
The bank loan provided by National Westminster Bank Plc is secured by the following: |
Security type | Granted by | Security address/description |
1st legal charge | M&M Assets Ltd | 4 Barons Court Southend-on-sea, and associated assets |
Unlimited guarantee | Cunis Ltd |
Supported by |
1st legal charge | Cunis Ltd | Unit 3 Guildprime Billericay, and associated assets |
Debenture | M&M Assets Ltd | All assets |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.18 | 31.12.17 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Included in other debtors is an amount of £50 due from M Fix and £50 due from M Johnson. No |
interest is charged on these amounts. |
11. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company owed Cunis Limited £95,997 (2017 : £107,984). |
12. | ULTIMATE CONTROLLING PARTY |
There is no individual ultimate controlling party. |