Medina Stapleford Ltd - Accounts

Medina Stapleford Ltd - Accounts

MEDINA STAPLEFORD LTD - Company Information

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Registered Number: 11851409
England

 

 

 

MEDINA STAPLEFORD LTD


Abridged Accounts
 


Period of accounts

Start date: 28 February 2019

End date: 31 March 2020

Medina Stapleford Ltd
Contents Page
For the period ended 31 March 2020
Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................
Akhter's Limited Accountants and Business Advisors
Akhter House
163 Castle Boulevard
Nottingham
NG7 1FJ
27 February 2021
1
 
 		 Notes
 		 2020
£
Fixed assets    
Tangible fixed assets 2 563,244 
563,244 
Current assets    
Debtors 96,811 
Cash at bank and in hand 252 
97,063 
Creditors: amount falling due within one year (4,522)
Net current assets 92,541 
 
Total assets less current liabilities 655,785 
Creditors: amount falling due after more than one year (657,315)
Net liabilities (1,530)
 

Capital and reserves 		   
Called up share capital 3 100 
Profit and loss account (1,630)
Shareholders funds (1,530)
 


For the period ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with Section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 February 2021 and were signed on its behalf by:


--------------------------------
Mr Sagheer Akhter
Director
2
General Information
Medina Stapleford Ltd is a private company, limited by shares , registered in England , registration number 11851409 , registration address 163 Castle Boulevard, Nottingham, Nottinghamshire, NG7 1FJ.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 28 February 2019 0    - 
Additions 563,244    563,244 
Disposals 0    - 
At 31 March 2020 563,244    563,244 
Depreciation
At 28 February 2019 0    - 
Charge for period 0    - 
On disposals 0    - 
At 31 March 2020 0    - 
Net book values
Closing balance as at 31 March 2020 563,244    563,244 
Opening balance as at 28 February 2019 0    - 


3.

Share Capital

Allotted, called up and fully paid
2020
£
100 Ordinary shares of £1.00 each 100 
100 

4.

Average number of employees

Average number of employees during the period was 4
5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2020
£		2020
£
Wollaton View Ltd(4,837)(4,837)
Clifton View Ltd96,811 96,811 


Wollaton View Ltd
The directors and shareholders are also directors and shareholders in Wollaton View Ltd. During the year the company received interest free loans totalling £4,837 from Wollaton View Ltd, repayable on demand.

Clifton View Ltd
The directors and shareholders are also directors and shareholders in Clifton View Ltd. During the year, the company made an interest free loan of £96,811 to Clifton View Ltd, included in debtors due after more than one year.
3