Massive Investments Limited

Massive Investments Limited

LINDEN LEA PROPERTIES (UK) LTD - Company Information

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1 October 2018 false Taxfiler 2020.6 07008452business:PrivateLimitedCompanyLtd2018-10-012019-09-30 070084522018-09-30 070084522018-10-012019-09-30 07008452business:AuditExemptWithAccountantsReport2018-10-012019-09-30 07008452business:FullAccounts2018-10-012019-09-30 070084522019-09-30 07008452business:Director12018-10-012019-09-30 07008452business:Director22018-10-012019-09-30 07008452business:RegisteredOffice2018-10-012019-09-30 070084522018-09-30 07008452core:WithinOneYear2019-09-30 07008452core:WithinOneYear2018-09-30 07008452core:AfterOneYear2019-09-30 07008452core:AfterOneYear2018-09-30 07008452core:ShareCapital2019-09-30 07008452core:ShareCapital2018-09-30 07008452core:RetainedEarningsAccumulatedLosses2019-09-30 07008452core:RetainedEarningsAccumulatedLosses2018-09-30 07008452business:SmallEntities2018-10-012019-09-30 07008452countries:EnglandWales2018-10-012019-09-30 07008452core:PlantMachinery2018-10-012019-09-30 07008452core:FurnitureFittings2018-10-012019-09-30 07008452core:ComputerEquipment2018-10-012019-09-30 07008452core:PlantMachinery2018-09-30 07008452core:FurnitureFittings2018-09-30 07008452core:ComputerEquipment2018-09-30 07008452core:PlantMachinery2019-09-30 07008452core:FurnitureFittings2019-09-30 07008452core:ComputerEquipment2019-09-30 07008452core:LandBuildings2018-10-012019-09-30 070084522017-10-012018-09-30 iso4217:GBP xbrli:pure
Company Registration No. 07008452 (England and Wales)
Massive Investments Limited Unaudited accounts for the year ended 30 September 2019
Massive Investments Limited Unaudited accounts Contents
Page
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Massive Investments Limited Company Information for the year ended 30 September 2019
Directors
Stephen Russell Dobson Stephanie Kate Dobson
Company Number
07008452 (England and Wales)
Registered Office
First Floor 85 Great Portland St London W1W 7LT England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Massive Investments Limited Accountants' report
Accountants' report to the board of directors of Massive Investments Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Massive Investments Limited for the year ended 30 September 2019 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Massive Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Massive Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Massive Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Massive Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Massive Investments Limited. You consider that Massive Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Massive Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 13 May 2020
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Massive Investments Limited Statement of financial position as at 30 September 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
10,112 
3,354 
Investment property
5
466,406 
168,000 
476,518 
171,354 
Current assets
Debtors
6
3,683 
574 
Cash at bank and in hand
25,711 
29,291 
29,394 
29,865 
Creditors: amounts falling due within one year
7
(471,562)
(20,828)
Net current (liabilities)/assets
(442,168)
9,037 
Total assets less current liabilities
34,350 
180,391 
Creditors: amounts falling due after more than one year
8
- 
(157,000)
Provisions for liabilities
Deferred tax
(4,787)
(4,787)
Net assets
29,563 
18,604 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,463 
18,504 
Shareholders' funds
29,563 
18,604 
For the year ending 30 September 2019 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 May 2020.
Stephen Russell Dobson Director Company Registration No. 07008452
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Massive Investments Limited Notes to the Accounts for the year ended 30 September 2019
1
Statutory information
Massive Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07008452. The registered office is First Floor, 85 Great Portland St, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Massive Investments Limited Notes to the Accounts for the year ended 30 September 2019
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2018
65 
4,765 
674 
5,504 
Additions
- 
8,130 
- 
8,130 
At 30 September 2019
65 
12,895 
674 
13,634 
Depreciation
At 1 October 2018
26 
1,906 
218 
2,150 
Charge for the year
13 
1,191 
168 
1,372 
At 30 September 2019
39 
3,097 
386 
3,522 
Net book value
At 30 September 2019
26 
9,798 
288 
10,112 
At 30 September 2018
39 
2,859 
456 
3,354 
The freehold building was valued by the Directors on an open market basis, at the year end.
5
Investment property
2019 
£ 
Fair value at 1 October 2018
168,000 
Additions
266,406 
Net gain from fair value adjustments
32,000 
At 30 September 2019
466,406 
The investment properties were valued by the Directors at the year end.
6
Debtors
2019 
2018 
£ 
£ 
Trade debtors
1,391 
- 
Accrued income and prepayments
- 
381 
Other debtors
2,292 
193 
3,683 
574 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Taxes and social security
1,006 
12,043 
Other creditors
605 
- 
Loans from directors
468,679 
7,585 
Accruals
1,272 
1,200 
471,562 
20,828 
8
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Other creditors
- 
157,000 
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Massive Investments Limited Notes to the Accounts for the year ended 30 September 2019
9
Average number of employees
During the year the average number of employees was 1 (2018: 2).
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