MDOTM Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09854332 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

MDOTM LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Federico Mazzorin

Mr Tommaso Migliore

REGISTERED OFFICE:

13 Austin Friars

London

EC2N 2HE

REGISTERED NUMBER:

09854332 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

CURRENT ASSETS

Debtors

89,147

1,460

Cash at bank and in hand

88,273

42,011

177,420

43,471

CREDITORS

Amounts falling due within one year

192,325

55,735

NET CURRENT LIABILITIES

(14,905

)

(12,264

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,905

)

(12,264

)

CREDITORS

Amounts falling due after more than one year

50,000

-

NET LIABILITIES

(64,905

)

(12,264

)

CAPITAL AND RESERVES

Called up share capital

4

14

14

Retained earnings

5

(64,919

)

(12,278

)

SHAREHOLDERS' FUNDS

(64,905

)

(12,264

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2020 and were signed on its behalf by:

Mr Federico Mazzorin - Director

Mr Tommaso Migliore - Director

1.	STATUTORY INFORMATION

MDOTM Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

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

value added tax and other sales taxes.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - NIL ) .

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

€

€

2

Ordinary

£5

14

14

5.

RESERVES

Retained

earnings

€

At 1 January 2019

(12,278

)

Deficit for the year

(52,641

)

At 31 December 2019

(64,919

)

6.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed €2,000 (2018: €2,000) to the parent company MDOTM Srl. MDOTM

Srl is a company incorporated in Italy,,

7.	ULTIMATE CONTROLLING PARTY

The controlling party is MDOTM Srl, a company incorporated in Italy, by virtue of the fact that it holds all the

issued share capital of the company.

8.	POST YEAR END EVENTS

After the year-end the loan due to the parent company MDOTM Srl from MDOTM Ltd was fully waived and written

off in the books of both companies.

Furthermore, the company issued a further 3,000 shares of £5 each after the year-end, which were fully subscribed,

paid and lodged with Companies House prior to the accounts being signed by the directors.