MNC Property Management Limited Filleted accounts for Companies House (small and micro)
MNC Property Management Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
12489417
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Abridged Financial Statements |
Period from 28 February 2020 to 30 June 2021
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
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Abridged Statement of Financial Position |
30 Jun 21 |
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Note |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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--------- |
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Net current liabilities |
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--------- |
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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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Shareholders funds |
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--------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
21 September 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
12489417
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Notes to the Abridged Financial Statements |
Period from 28 February 2020 to 30 June 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Bridge Street, Newport, NP20 4SF.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Tangible assets
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
4.
Tangible assets
£ |
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Cost |
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At 28 February 2020 |
– |
Additions |
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--------- |
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At 30 June 2021 |
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--------- |
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Depreciation |
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At 28 February 2020 and 30 June 2021 |
– |
--------- |
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Carrying amount |
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At 30 June 2021 |
530,000 |
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5.
Related party transactions
The company was under the control of the directors throughout the period. On 30 June 2021, the following assets were transferred from CV Properties Limited, the parent undertaking, incorporated in England and Wales:
2021 | ||
£ | ||
Freehold investment property | 530,000 | |
Director loan account | (170,126) | |
Cash at bank and in hand | 3,590 | |
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363,464 | ||
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No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.
6.
Controlling party
The company is a wholly owned subsidiary undertaking of CV Properties Limited, a company incorporated in England and Wales.