MLWMF_LIMITED - Accounts

On 31 March 2017, the company purchased an investment portfolio from the director for £16,395,276 (US $21,012,050) which was paid by way of a loan from the director. In the year the company repaid £480,000 to the director.

As at 31 March 2019, the company had an outstanding loan balance of £15,435,276 (2018: £15,915,276) due to the director.

The company has granted a first charge on its assets to secure the bank facilities of £5,060,298 (2018: £4,799,962).

The company is committed to repay the director's loan at £40,000 per month.

The average number of persons (including directors) employed by the company during the year was 2 (2018 - 2).

MLWMF Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 City Road, London, EC1Y 2AB.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

For the year ended 5 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.