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: 01 April 2020

End date: 31 March 2021

Medina Stapleford Ltd
Contents Page
For the year ended 31 March 2021

Accountants' report	1
Balance sheet	2
Notes to the financial statements	3

Medina Stapleford Ltd Accountants' Report For the year ended 31 March 2021
Accountants report You consider that the company is exempt from an audit for the year ended 31 March 2021 . 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 31 March 2022 1

Medina Stapleford Ltd
Accountants' Report
For the year ended 31 March 2021

Accountants report You consider that the company is exempt from an audit for the year ended 31 March 2021 . 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
31 March 2022

Medina Stapleford Ltd
Balance Sheet
As at 31 March 2021

	2021 £	2020 £
Fixed assets
Tangible fixed assets	563,244	563,244
	563,244	563,244
Current assets
Debtors	96,811	96,811
Cash at bank and in hand	0	252
	96,811	97,063
Creditors: amount falling due within one year	(4,873)	(4,522)
Net current assets	91,938	92,541

Total assets less current liabilities	655,182	655,785
Creditors: amount falling due after more than one year	(666,929)	(657,315)
Net liabilities	(11,747)	(1,530)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(11,847)	(1,630)
Shareholder's funds	(11,747)	(1,530)

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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 31 March 2022 and were signed on its behalf by:

--------------------------------
Mr Sagheer Akhter
Director

Medina Stapleford Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2021

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.

The presentation currency is £ sterling.

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)

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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.	Average number of employees Average number of employees during the year was 4 (2020 : 4).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2020	563,244	563,244
Additions	-	-
Disposals	-	-
At 31 March 2021	563,244	563,244
Depreciation
At 01 April 2020	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2021	-	-
Net book values
Closing balance as at 31 March 2021	563,244	563,244
Opening balance as at 01 April 2020	563,244	563,244

Share Capital

Allotted, called up and fully paid	2021 £		2020 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2021 £	2020 £	2021 £	2020 £
Wollaton View Ltd	0	0	(14,451)	(4,837)
Clifton View Ltd	0	0	96,811	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 £9,614. The year end balance is included within creditors due after more than one year.

Clifton View Ltd
The directors and shareholders are also directors and shareholders in Clifton View Ltd. The company is owed an interest free loan of £96,811 from Clifton View Ltd. The year end balance is included within debtors due after more than one year.