M J Dudley Limited - Accounts to registrar (filleted) - small 18.2
M J Dudley Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
M J DUDLEY LIMITED |
Unaudited Financial Statements for the Year Ended 30 June 2020 |
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358) |
Contents of the Financial Statements |
for the Year Ended 30 June 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 7 |
M J DUDLEY LIMITED |
Company Information |
for the Year Ended 30 June 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Granville House |
2 Tettenhall Road |
Wolverhampton |
West Midlands |
WV1 4SB |
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358) |
Balance Sheet |
30 June 2020 |
30.6.20 | 30.6.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital reserve |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358) |
Balance Sheet - continued |
30 June 2020 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358) |
Notes to the Financial Statements |
for the Year Ended 30 June 2020 |
1. | STATUTORY INFORMATION |
M J Dudley Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Going concern |
The directors have considered the period ending 12 months after approving these financial statements and are prepared to fully support the company financially, the director's loan account balance will not be withdrawn to the detriment of other creditor's. For these reasons the directors continue to adopt the going concern basis of accounting in preparing these financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2019 |
and 30 June 2020 |
NET BOOK VALUE |
At 30 June 2020 |
At 30 June 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 226,222 | 226,222 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.6.20 | 30.6.19 |
£ | £ |
Other loans |
The loans are secured against the properties to which they relate. |
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.20 | 30.6.19 |
value: | £ | £ |
Ordinary | £1 | 6 | 6 |
10. | RELATED PARTY DISCLOSURES |
During the year, the director made net advances to the company of £162 and was repaid £254. At the year end the director was owed £82,004 (2019 - £82,096). |
As stated in the Report of the Director, the company is supported by the director who will not call in the monies owed to him to the detriment of the company. |
11. | POST BALANCE SHEET EVENTS |
Since 23 March 2020 the company has operated in compliance with UK Government regulations and guidance with respect to the Covid 19 pandemic, which has caused major uncertainty to the UK and global economy. The company has continued to operate in accordance with these regulations into the 2021 financial year. |
12. | ULTIMATE CONTROLLING PARTY |
The company is under the control of the director. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
M J Dudley Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M J Dudley Limited for the year ended 30 June 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of M J Dudley Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M J Dudley Limited and state those matters that we have agreed to state to the director of M J Dudley Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M J Dudley Limited and its director for our work or for this report. |
It is your duty to ensure that M J Dudley Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M J Dudley Limited. You consider that M J Dudley 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 financial statements of M J Dudley 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 financial statements. |
Granville House |
2 Tettenhall Road |
Wolverhampton |
West Midlands |
WV1 4SB |