MN340 Limited - Period Ending 2021-09-30
MN340 Limited - Period Ending 2021-09-30
Registration number:
Prepared for the registrar
for the
Year Ended
MN340 Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
MN340 Limited
Company Information
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Directors |
Dr N C Trilk M P Urquhart |
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Registered office |
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Bankers |
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Auditors |
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MN340 Limited
(Registration number: 12410779)
Balance Sheet as at 30 September 2021
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Note |
30 September 2021 |
30 September 2020 |
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Current assets |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Director
MN340 Limited
Notes to the Financial Statements for the Year Ended 30 September 2021
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' effective January 2016 and has taken advantage of the small company exemptions available in section 1A of FRS 102 to produce reduced disclosure accounts.
Basis of preparation
These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.
The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.
Related party transactions
The company has taken advantage of the exemption from disclosing transactions with other members of the group..
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
MN340 Limited
Notes to the Financial Statements for the Year Ended 30 September 2021
Financial Instruments
Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Auditors' remuneration |
During the year the company's parent, Brightborough Capital Limited, paid auditors' remuneration of £500 (2020: £500) on behalf of the company.
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Creditors |
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Note |
30 September 2021 |
30 September 2020 |
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Due within one year |
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Loans and borrowings |
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- |
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Amounts due to related parties |
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Loans and borrowings |
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2021 |
2020 |
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Current loans and borrowings |
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Bank overdrafts |
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- |
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Share capital |
Allotted, called up and fully paid shares
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30 September 2021 |
30 September 2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Parent and ultimate parent undertaking |
The ultimate parent company is Brightborough Group Limited, a company registered in England and Wales. The immediate parent is Brightborough Capital Limited a company which is also registered in England and Wales.
Brightborough Group Limited prepares consolidated financial statements, copies of which are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF143UZ.
MN340 Limited
Notes to the Financial Statements for the Year Ended 30 September 2021
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Audit report |