Company Registration No. 9646026 (England and Wales)
Mode Holdings Ltd
Unaudited accounts
for the period from 1 July 2018 to 31 December 2019
Mode Holdings Ltd
Unaudited accounts
Contents
Mode Holdings Ltd
Company Information
for the period from 1 July 2018 to 31 December 2019
Company Number
9646026 (England and Wales)
Registered Office
OFFICE 6, TOWN HALL
86 WATLING STREET EAST
TOWCESTER
NORTHANTS
NN12 6BS
UNITED KINGDOM
Accountants
Tove Accountancy Limited
Office 6, Town Hall
86 Watling Street East
Towcester
Northants
NN12 6BS
Mode Holdings Ltd
Statement of financial position
as at 31 December 2019
Tangible assets
260,955
263,731
Cash at bank and in hand
56
1,322
Creditors: amounts falling due within one year
(125,251)
(125,446)
Net current liabilities
(109,094)
(109,109)
Total assets less current liabilities
151,965
154,722
Creditors: amounts falling due after more than one year
(139,061)
(151,161)
Called up share capital
100
100
Profit and loss account
12,804
3,461
Shareholders' funds
12,904
3,561
For the period ending 31 December 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 31 May 2020 and were signed on its behalf by
Ian Edwards
Director
Company Registration No. 9646026
Mode Holdings Ltd
Notes to the Accounts
for the period from 1 July 2018 to 31 December 2019
Mode Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 9646026. The registered office is OFFICE 6, TOWN HALL, 86 WATLING STREET EAST, TOWCESTER, NORTHANTS, NN12 6BS, UNITED KINGDOM.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
1% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2018
268,697
446
269,143
At 31 December 2019
268,697
446
269,143
At 1 July 2018
5,234
178
5,412
Charge for the period
2,687
89
2,776
At 31 December 2019
7,921
267
8,188
At 31 December 2019
260,776
179
260,955
At 30 June 2018
263,463
268
263,731
Mode Holdings Ltd
Notes to the Accounts
for the period from 1 July 2018 to 31 December 2019
5
Investments
Subsidiary undertakings
Valuation at 1 July 2018
100
Valuation at 31 December 2019
104
Amounts due from group undertakings etc.
10,268
10,780
Accrued income and prepayments
1,112
3,505
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
8,225
4,492
Amounts owed to group undertakings and other participating interests
95,183
93,406
Taxes and social security
2,307
2,173
Loans from directors
18,912
18,912
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
139,061
151,161
9
Average number of employees
During the period the average number of employees was 0 (2018: 0).
