M M Mansions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04309900 (England and Wales)

M M Mansions Limited

Unaudited Financial Statements for the Year Ended 31 October 2021

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C N Hall-Tomkin

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

04309900 (England and Wales)

BANKERS:

Barclays Bank plc

Dursley Branch

35b Parsonage Street

Dursley

Gloucestershire

GL11 4BP

FIXED ASSETS

Tangible assets

5

56,802

56,802

CURRENT ASSETS

Cash at bank

12,314

3,018

CREDITORS

Amounts falling due within one year

34,738

19,742

NET CURRENT LIABILITIES

(22,424

)

(16,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

34,378

40,078

CREDITORS

Amounts falling due after more than one year

6

9,350

10,823

NET ASSETS

25,028

29,255

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

25,027

29,254

SHAREHOLDERS' FUNDS

25,028

29,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Financial Position for the year ended 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 26 July 2022 and were signed by:

C N Hall-Tomkin - Director

1.	STATUTORY INFORMATION

M M Mansions Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

In accordance with Statement of Standard Accounting Practice Number 19, no depreciation is provided on investment properties. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated is, in the opinion of the directors, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as investment properties are included at their open market value.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2020

and 31 October 2021

56,802

NET BOOK VALUE

At 31 October 2021

56,802

At 31 October 2020

56,802

The director considers that the open market value of the property at 31 October 2012 is not materially different from the original cost of the property.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.10.21

31.10.20

£

£

Repayable by instalments

Other loans

3,750

5,223

7.

LOANS

An analysis of the maturity of loans is given below:

31.10.21

31.10.20

£

£

Amounts falling due within one year or on demand:

Other loans

1,400

1,400

Amounts falling due between one and two years:

Other loans

1,400

1,400

Amounts falling due between two and five years:

Other loans

4,200

4,200

Amounts falling due in more than five years:

Repayable by instalments

Other loans

3,750

5,223

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.21

31.10.20

£

£

Other loans

10,750

12,223

The loan is secured by a first legal charge over 11 St Mary's Court, Bridgwater, Somerset, TA6 3YF and is dated 3 May 2002. It also includes a fixed charge over all rental income, present or future, and whether payable now or in the future, and any proceeds of sale of any lease of the property. There is a floating charge over the undertaking and all other property assets and rights of the company not effectively charged above present and future.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.21

31.10.20

value:

£

£

1

Ordinary

£1

1

1

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C N Hall-Tomkin.

The above director controlled the company throughout the current and previous periods, by virtue of the fact that he owns all of the issued share capital.