Modbox Spaces (The Point) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11613870 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2020

for

Modbox Spaces (The Point) Limited

Page

Balance Sheet

1

CURRENT ASSETS

2,716,915

1,746,254

CREDITORS

Amounts falling due within one year

(1,515,357

)

(791,487

)

NET CURRENT ASSETS

1,201,558

954,767

TOTAL ASSETS LESS CURRENT LIABILITIES

1,201,558

954,767

CREDITORS

Amounts falling due after more than one year

1,231,612

969,279

NET LIABILITIES

(30,054

)

(14,512

)

CAPITAL AND RESERVES

(30,054

)

(14,512

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Modbox Spaces (The Point) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11613870

Registered office:

40 Normandy Way

Walker Lines Industrial Estate

Bodmin

Cornwall

PL31 1EX

2.	GOING CONCERN

Due to the nature of the development being undertaken and the timing of sales at the year end the company had negative reserves. In the following period sales have been achieved that the directors feel will reverse this position.

3.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2019 - 4 ) .

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2020 and the period ended 31 December 2019:

31.12.20

31.12.19

£

£

R J Constant

Balance outstanding at start of year

-

-

Amounts advanced

14,741

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,741

-

P P Donoghue

Balance outstanding at start of year

-

-

Amounts advanced

15,298

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,298

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2021 and were signed on its behalf by:

P P Donoghue - Director