MMQ Property Ltd

MMQ Property Ltd

MMQ PROPERTY LTD - Company Information

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15 May 2021 false No description of principal activity Taxfiler 2022.12 NI679282business:PrivateLimitedCompanyLtd2021-05-152022-05-31 NI6792822021-05-14 NI6792822021-05-152022-05-31 NI679282business:AuditExemptWithAccountantsReport2021-05-152022-05-31 NI679282business:FullAccounts2021-05-152022-05-31 NI6792822022-05-31 NI679282core:WithinOneYear2022-05-31 NI679282core:ShareCapital2022-05-31 NI679282core:RetainedEarningsAccumulatedLosses2022-05-31 NI679282business:SmallEntities2021-05-152022-05-31 NI679282business:Director12021-05-152022-05-31 NI679282countries:NorthernIreland2021-05-152022-05-31 NI679282business:RegisteredOffice2021-05-152022-05-31 iso4217:GBP xbrli:pure
Company Registration No. NI679282 (Northern Ireland)
MMQ Property Ltd Unaudited accounts for the period from 15 May 2021 to 31 May 2022
MMQ Property Ltd Unaudited accounts Contents
Page
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MMQ Property Ltd Statement of financial position as at 31 May 2022
2022 
Notes
£ 
Fixed assets
Investment property
4
245,000 
Current assets
Debtors
5
1 
Cash at bank and in hand
3,000 
3,001 
Creditors: amounts falling due within one year
6
(246,178)
Net current liabilities
(243,177)
Net assets
1,823 
Capital and reserves
Called up share capital
1 
Profit and loss account
1,822 
Shareholders' funds
1,823 
For the period ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2023 and were signed on its behalf by
Martin McQuillan Director Company Registration No. NI679282
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MMQ Property Ltd Notes to the Accounts for the period from 15 May 2021 to 31 May 2022
1
Statutory information
MMQ Property Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI679282. The registered office is 25 Tuftarney Road, Ballymena, BT43 6RZ, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2022 
£ 
Additions
245,000 
At 31 May 2022
245,000 
5
Debtors
2022 
£ 
Amounts falling due within one year
Other debtors
1 
6
Creditors: amounts falling due within one year
2022 
£ 
Taxes and social security
428 
Loans from directors
245,000 
Accruals
750 
246,178 
7
Average number of employees
During the period the average number of employees was 0.
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