Medina Nottingham Ltd - Accounts

MEDINA NOTTINGHAM LTD - Company Information

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Registered Number: 11356951

England & Northern Ireland

MEDINA NOTTINGHAM LTD

Abridged Accounts

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Medina Nottingham Ltd
Contents Page
For the year ended 31 March 2022

Accountants' report	1
Balance sheet	2
Notes to the financial statements	3

Medina Nottingham Ltd Accountants' Report For the year ended 31 March 2022
Accountants report You consider that the company is exempt from an audit for the year ended 31 March 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. .................................................... Akhter's Limited Accountants and Business Advisors Akhter House 163 Castle Boulevard Nottingham NG7 1FJ 30 March 2023 1

Medina Nottingham Ltd
Accountants' Report
For the year ended 31 March 2022

Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

....................................................
Akhter's Limited Accountants and Business Advisors
Akhter House
163 Castle Boulevard
Nottingham
NG7 1FJ
30 March 2023

Medina Nottingham Ltd
Balance Sheet
As at 31 March 2022

	2022 £	2021 £
Fixed assets
Tangible fixed assets	2,701,915	2,220,962
	2,701,915	2,220,962
Current assets
Debtors	23,260	0
Cash at bank and in hand	24,595	0
	47,855	0
Creditors: amount falling due within one year	(21,547)	(650)
Net current assets	26,308	(650)

Total assets less current liabilities	2,728,223	2,220,312
Creditors: amount falling due after more than one year	(2,641,381)	(2,223,943)
Net assets	86,842	(3,631)

Capital and reserves
Called up share capital	100	100
Profit and loss account	86,742	(3,731)
Shareholder's funds	86,842	(3,631)

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 30 March 2023 and were signed on its behalf by:

--------------------------------
Mr Sagheer Akhter
Director

Medina Nottingham Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2022

General Information

Medina Nottingham Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 11356951, registration address 163 Castle Boulevard, Nottingham, NG7 1FJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees The average number of employees during the year was 2 Average number of employees during the year was 2 (2021 : 2).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2021	2,220,962	2,220,962
Additions	480,953	480,953
Disposals	-	-
At 31 March 2022	2,701,915	2,701,915
Depreciation
At 01 April 2021	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2022	-	-
Net book values
Closing balance as at 31 March 2022	2,701,915	2,701,915
Opening balance as at 01 April 2021	2,220,962	2,220,962

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2022 £	2021 £	2022 £	2021 £
Wollaton View Ltd	0	0	(636,290)	(634,859)
Medina Green Limited	0	0	(1,106,913)	(1,106,913)
Wollaton Development Ltd	0	0	(213,151)	(213,151)
Dimplex Developments Ltd	0	0	(80,000)	(80,000)
Wilford View Ltd	0	0	(89,120)	(89,120)

The company has directors in common with Wollaton View Limited. At the balance sheet date, the company owed an interest free loan to Wollaton View Ltd, included within creditors due after more than one year.
The company has directors in common with Medina Green Limited. At the balance sheet date, the company owed an interest free loan to Medina Green Limited, included within creditors due after more than one year.
The company has directors in common with Wollaton Development Ltd. At the balance sheet date, the company owed an interest free loan to Wollaton Development Ltd, included within creditors due after more than one year.
The company has directors in common with Dimplex Developments Ltd. At the balance sheet date, the company owed an interest free loan to Dimplex Developments Ltd, included within creditors due after more than one year.
The company has directors in common with Wilford View Ltd. At the balance sheet date, the company owed an interest free loan to Wilford View Ltd, included within creditors due after more than one year.