Mike Pons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10142143 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2019

for

Mike Pons Limited

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

5

248,000

242,446

CURRENT ASSETS

Cash at bank and in hand

96,803

1,377

CREDITORS

Amounts falling due within one year

263,456

249,296

NET CURRENT LIABILITIES

(166,653

)

(247,919

)

TOTAL ASSETS LESS CURRENT LIABILITIES

81,347

(5,473

)

CREDITORS

Amounts falling due after more than one year

93,885

-

NET LIABILITIES

(12,538

)

(5,473

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(12,540

)

(5,475

)

SHAREHOLDERS' FUNDS

(12,538

)

(5,473

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2019 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.

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 year ended 30th April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 27th January 2020 and were signed by:

Mr. M N Pons - Director

1.	STATUTORY INFORMATION

Mike Pons Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

10142143

Registered office:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Sales comprise the fair value of the consideration received or receivable for the rendering of services in the

ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that

future economic benefits will flow to the entity and when specific criteria have been met for each of the

company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the

customer. Where payments are received from customers in advance of services provided, the amounts are

recorded as deferred income and included as part of creditors due within one year.

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 Statement of Income and

Retained Earnings, 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 1 (2018 - 1 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2018

242,446

Revaluations

5,554

At 30th April 2019

248,000

NET BOOK VALUE

At 30th April 2019

248,000

At 30th April 2018

242,446

Investment property has been revalued to fair value at the balance sheet date by the director based on their own

research and experience.