M & M Assets Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06755442 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

M & M ASSETS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M D Fix

M P Johnson

REGISTERED OFFICE:

Unit 3

Guildprime Business Centre

Southend Road

Billericay

Essex

CM11 2PY

REGISTERED NUMBER:

06755442 (England and Wales)

ACCOUNTANTS:

Lucentum Ltd

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

FIXED ASSETS

Tangible assets

2

340,608

350,642

CURRENT ASSETS

Debtors

100

3,538

Cash at bank

72

11

172

3,549

CREDITORS

Amounts falling due within one year

3

332,598

350,557

NET CURRENT LIABILITIES

(332,426

)

(347,008

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,182

3,634

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

8,082

3,534

SHAREHOLDERS' FUNDS

8,182

3,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 September 2015 and were signed on its behalf by:

M P Johnson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents rental income received in the period net of value added tax.

Tangible fixed assets

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

Long leasehold

-

2.5% on cost of buildings and Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

398,248

DEPRECIATION

At 1 January 2014

47,606

Charge for year

10,034

At 31 December 2014

57,640

NET BOOK VALUE

At 31 December 2014

340,608

At 31 December 2013

350,642

3.

CREDITORS

Creditors include an amount of £ 180,590 (31.12.13 - £ 192,573 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

1

100

100

5.	ULTIMATE CONTROLLING PARTY

There is no individual ultimate controlling party.