MOHSTART LTD Accounts filed on 31-07-2014

MOHSTART LTD Accounts filed on 31-07-2014

MOHSTART LTD - Company Information

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MOHSTART LTD




Company Registration Number:
06954012 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st August 2013

End date: 31st July 2014

SUBMITTED

MOHSTART LTD

Company Information
for the Period Ended 31st July 2014




Director: Mohsin Ahmed
Ayaz Ahmed
Registered office: 3 Basing Road
Banstead
Surrey
SM7 2BL
Company Registration Number: 06954012 (England and Wales)

MOHSTART LTD

Directors' Report Period Ended 31st July 2014

The directors present their report with the financial statements of the company for the period ended 31st July 2014

Principal activities
The principal activity of the company in the period under review was:
Letting of own property

Directors
The directors shown below have held office during the whole of the period from
01st August 2013 to 31st July 2014
Mohsin Ahmed

The director(s) shown below resigned during the period
Ayaz Ahmed on 03 July 2014

Political and charitable donations
None

Company policy on the employment of disabled persons
None

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 15 April 2015
And Signed On Behalf Of The Board By:

Name: Mohsin Ahmed
Status: Director

MOHSTART LTD

Profit and Loss Account

for the Period Ended 31st July 2014

Notes 2014
£		 2013
£
Turnover: 15,300 16,923
Gross profit or (loss): 15,300 16,923
Administrative expenses: , 700 1,243
Operating profit or (loss): 14,600 15,680
Interest payable and similar charges: 12,581 13,725
Profit or (loss) on ordinary activities before taxation: 2,019 1,955
Profit or (loss) for the financial year: 1,615 1,902

The notes form part of these financial statements

MOHSTART LTD

Statement of total recognised gains and losses
31st July 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

MOHSTART LTD

Balance sheet
As at 31st July 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 2 0 455,800
Total fixed assets: 0 455,800
Current assets
Cash at bank and in hand: 7,333 -
Total current assets: 7,333 -
Creditors: amounts falling due within one year - 450,082
Net current assets (liabilities): 7,333 ( 450,082 )
Total assets less current liabilities: 7,333 5,718
Total net assets (liabilities): 7,333 5,718

The notes form part of these financial statements

MOHSTART LTD

Balance sheet
As at 31st July 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 3 100 100
Profit and Loss account: 4 7,233 5,618
Total shareholders funds: 7,333 5,718

For the year ending 31 July 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 15 April 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mohsin Ahmed
Status: Director

The notes form part of these financial statements

MOHSTART LTD

Notes to the Financial Statements
for the Period Ended 31st July 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and the provisions applicable to the small companies regime

    Turnover policy

    Turnover is net rent received after VAT

    Tangible fixed assets depreciation policy

    Depreciation is not charged on freehold long leasehold properties

    Valuation information and policy

    The net realisable value of the properties is computed and difference, where materially different from the carrying value is recorded in the notes.

MOHSTART LTD

Notes to the Financial Statements
for the Period Ended 31st July 2014

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st August 2013: 455,800 - - - - 455,800
    Disposals: 455,800 - - - - 455,800
    At 31st July 2014: 0 - - - - 0
    Net book value
    At 31st July 2014: 0 - - - - 0
    At 31st July 2013: 455,800 - - - - 455,800

    The Company has secured borrowing as part of a poolled borrowing arrangements and pays its share of bank interest and costs and given a charge over its assets to the Bankers

MOHSTART LTD

Notes to the Financial Statements
for the Period Ended 31st July 2014

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

MOHSTART LTD

Notes to the Financial Statements
for the Period Ended 31st July 2014

  • 4. Profit and loss account

    2014 2013
    £ £
    Opening balance: 5,618 3,716
    Profit or (loss) for the period: 1,615 1,902
    Equity dividends paid: 0 0
    Retained profit: 7,233 5,618

MOHSTART LTD

Notes to the Financial Statements
for the Period Ended 31st July 2014

  • 5. Related party disclosures

    Name of the ultimate controlling party during the period: Mohsin Ahmed
    Name of related party: Ayaz Ahmed
    Relationship: Financial guarantor
    Description of the transaction: Financial guarantee
    Balance at 01st August 2013 515,000
    Balance at 31st July 2014 0

    All assets purchased by the company are financed by or guaranteed by the ultimate controlling party in exchange for capital gains, if any