Multinational_Resources_Corporation_ltd_21_Nov_2021_companies_house_set_of_accounts.html
Multinational_Resources_Corporation_ltd_21_Nov_2021_companies_house_set_of_accounts.html
Company registration number:
aaia
100B, Prince of wales Road, London, London, NW5 3NE, United KingdomReport to the board of directors on the preparation of the unaudited statutory financial statements of Multinational Resources Corporation Limited
Year ended 21 November 2021
As described on the abridged statement of financial position, the Board of Directors of Multinational Resources Corporation Limited are responsible for the preparation of the abridged financial statements for the year ended 21 November 2021 , which comprise the abridged income statement, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
aaia
100BPrince of wales RoadLondonLondonNW5 3NEUnited Kingdom
Date:
15 August 2022
Abridged Statement of Financial Position
2021 | 2020 | |||
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£ | £ | |||
Current assets | ||||
Cash at bank and in hand |
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Net current assets |
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Total assets less current liabilities | 726 | 406 | ||
Creditors: amounts falling due after more than one year |
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Net liabilities |
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(
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Capital and reserves | ||||
Called up share capital |
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Profit and loss account |
(
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Shareholders deficit |
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For the year ending 21 November 2021 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended 21 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These abridged financial statements were approved by the board of directors and authorised for issue on 15 August 2022 , and are signed on behalf of the board by:
Director |
Company registration number:
02612788
Notes to the Abridged Financial Statements
Year ended 21 November 2021
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 49a Martins Road , Bromley , Kent , BR2 0EE , United Kingdom.
2 Statement of compliance
These abridged financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The abridged financial statements are prepared in sterling, which is the functional currency of the company.
Going concern
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4 Average number of employees
The average number of persons employed by the company during the year was Nil (2020: Nil).
5 Director's advances, credit and guarantees
N Keshvari Director inputted capital over years and expects to take it when available balanc balance 2020 12714 2021 13034