Monkey Puzzle Developments Project 2 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10643311 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

Monkey Puzzle Developments Project 2 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A Jarvis-Doyle

REGISTERED OFFICE:

10 Ecclesbourne Meadows

Duffield

Belper

Derbyshire

DE56 4HH

REGISTERED NUMBER:

10643311 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

3 Derby Road

Ripley

Derbyshire

DE5 3EA

FIXED ASSETS

Investment property

4

89,127

CURRENT ASSETS

Cash at bank

309

CREDITORS

Amounts falling due within one year

5

7,995

NET CURRENT LIABILITIES

(7,686

)

TOTAL ASSETS LESS CURRENT LIABILITIES

81,441

CREDITORS

Amounts falling due after more than one year

6

61,685

NET ASSETS

19,756

CAPITAL AND RESERVES

Called up share capital

8

100

Fair value reserve

9

20,815

Retained earnings

9

(1,159

)

SHAREHOLDERS' FUNDS

19,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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 17th December 2019 and were signed by:

Mrs A Jarvis-Doyle - Director

1.	STATUTORY INFORMATION

Monkey Puzzle Developments Project 2 Ltd 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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.

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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

68,312

Revaluations

20,815

At 31st March 2019

89,127

NET BOOK VALUE

At 31st March 2019

89,127

Fair value at 31st March 2019 is represented by:

£

Valuation in 2019

20,815

Cost

68,312

89,127

If 34 High Street had not been revalued it would have been included at the following historical cost:

£

Cost

68,312

34 High Street was valued on an open market basis basis on by the Director .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

7,387

Directors' loan accounts

230

Accrued expenses

378

7,995

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Mortgage

61,685

Amounts falling due in more than five years:

Repayable by instalments

Mortgage

61,685

7.	SECURED DEBTS

The following secured debts are included within creditors:

£

Mortgage

61,685

Mortgage provides by Precise Mortgages, secured on 34 High Street.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

Profit for the year

19,656

19,656

Revaluation

(20,815

)

20,815

-

At 31st March 2019

(1,159

)

20,815

19,656