M & T Developments Limited - Accounts to registrar (filleted) - small 18.2

M & T Developments Limited - Accounts to registrar (filleted) - small 18.2

M & T DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 05517814 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

M & T DEVELOPMENTS LIMITED
M & T DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05517814)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & T DEVELOPMENTS LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTORS: Mr S T Bromham
Dr S O'Curry



REGISTERED OFFICE: Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH



REGISTERED NUMBER: 05517814 (England and Wales)



ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH



BANKERS: Natwest Bank plc
7 Cornhill
Bury St Edmunds
Suffolk
IP33 1BQ



SOLICITORS: Woodfines
Botanic House
98-100 Hills Road
CAMBRIDGE
CB2 1JZ
Page 1
M & T DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05517814)


BALANCE SHEET
30 SEPTEMBER 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Stocks 650,000 650,000
Cash at bank 2,520 1,738
652,520 651,738
CREDITORS
Amounts falling due within one year 4 311,659 367,342
NET CURRENT ASSETS 340,861 284,396
TOTAL ASSETS LESS CURRENT
LIABILITIES
340,861
284,396

CREDITORS
Amounts falling due after more than one
year
5
323,921
267,343
NET ASSETS 16,940 17,053

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 16,939 17,052
SHAREHOLDERS' FUNDS 16,940 17,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
M & T DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05517814)


BALANCE SHEET - continued
30 SEPTEMBER 2020


The 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2021 and were signed on its behalf by:





Mr S T Bromham - Director


The notes form part of these financial statements

Page 3
M & T DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05517814)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

M & T Developments 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 225,802 281,682
Taxation and social security 167 -
Other creditors 85,690 85,660
311,659 367,342

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Other creditors 323,921 267,343

Page 4 continued...
M & T DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05517814)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


6. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
National Westminster Bank plc - 267,343
Aldermore Bank PLC 323,920 -
323,920 267,343

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

There are no material related party transactions which were not concluded under normal market conditions.

Page 5