MAKEOVER ESTATES LIMITED Filleted accounts for Companies House (small and micro)
MAKEOVER ESTATES LIMITED Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06198741
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Investments |
4 |
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Current assets
Debtors |
5 |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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Total assets less current 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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(
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---- |
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
30 July 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06198741
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Notes to the Financial Statements |
Year ended 30 April 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is .
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 May 2019 and 30 April 2020 |
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Impairment |
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At 1 May 2019 and 30 April 2020 |
– |
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Carrying amount |
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At 30 April 2020 |
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At 30 April 2019 |
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Details of fixed asset investment
The company's fixed assets investment and shareholder therein is as follows:-
Country
Class of
Proportion of
Name
of incorporation
shares held
shares held direct
Terza Properties
British Virgin
Ordinary
100%
Ltd
Islands
5.
Debtors
2020 |
2019 |
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£ |
£ |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Sundry creditors and accruals |
3,985 |
4,015
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7.
Related party transactions
The company was under the control of Mrs L Feldman throughout the current and previous year.