MJM DAMOLLY LIMITED

MJM DAMOLLY LIMITED

MJM DAMOLLY LIMITED - Company Information

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MJM DAMOLLY LIMITED

Company Registration Number:
07284827 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

MJM DAMOLLY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

MJM DAMOLLY LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 30,776,000 30,750,000
Total fixed assets: 30,776,000 30,750,000
Current assets
Debtors: 3 21,864,208 20,678,782
Cash at bank and in hand: 203,281 14,547
Total current assets: 22,067,489 20,693,329
Creditors: amounts falling due within one year: 4 (1,486,843) (1,503,416)
Net current assets (liabilities): 20,580,646 19,189,913
Total assets less current liabilities: 51,356,646 49,939,913
Creditors: amounts falling due after more than one year: 5 (16,012,500) (16,762,500)
Total net assets (liabilities): 35,344,146 33,177,413
Capital and reserves
Called up share capital: 23,000,001 23,000,001
Other reserves: 10,000,000 10,000,000
Profit and loss account: 2,344,145 177,412
Shareholders funds: 35,344,146 33,177,413

The notes form part of these financial statements

MJM DAMOLLY LIMITED

Balance sheet statements

For the year ending 31 December 2018 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 September 2019
and signed on behalf of the board by:

Name: Brian McConville
Status: Director

The notes form part of these financial statements

MJM DAMOLLY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Investment property whose fair value can be measured reliably without undue cost or effort is measured at fair value with changes in fair value recognised in the Profit and Loss Account. Revalued investment properties are not depreciated or amortised, unless the fair value cannot be measured reliably or without undue cost or effort.Not depreciating or amortising property is a departure from the requirement of Company Law to provide depreciation on all fixed assets which have a limited useful life. However, these investment properties are not held for consumption but for investm

MJM DAMOLLY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Tangible Assets

Total
Cost £
At 01 January 2018 30,750,000
Additions 26,000
At 31 December 2018 30,776,000
Net book value
At 31 December 2018 30,776,000
At 31 December 2017 30,750,000

MJM DAMOLLY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Debtors

2018 2017
££
Debtors due after more than one year: 21,864,208 20,678,782

MJM DAMOLLY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Creditors: amounts falling due within one year note

Bank loan 750000 Trade creditors 4663Taxation 519961Accruals and deferred income 212219

MJM DAMOLLY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Creditors: amounts falling due after more than one year note

Bank loan 16012500