M & M (Bournemouth) Limited - Accounts to registrar (filleted) - small 23.1.2

M & M (Bournemouth) Limited - Accounts to registrar (filleted) - small 23.1.2

M & M (BOURNEMOUTH) LIMITED - Company Information

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REGISTERED NUMBER: 08709419 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

M & M (BOURNEMOUTH) LIMITED
M & M (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 08709419)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022










Page

Balance sheet 1

Notes to the financial statements 2


M & M (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 08709419)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Investments 4 121,988 162,651

Current assets
Debtors 5 3,247,665 3,090,268
Cash at bank 40,274 16,213
3,287,939 3,106,481
Creditors
Amounts falling due within one year 6 - 74,344
Net current assets 3,287,939 3,032,137
Total assets less current liabilities 3,409,927 3,194,788

Capital and reserves
Called up share capital 7 51 51
Retained earnings 3,409,876 3,194,737
Shareholders' funds 3,409,927 3,194,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 May 2023 and were signed by:





Mr D Webb - Director


The notes form part of these financial statements

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M & M (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 08709419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022


1. Statutory information

M & M (Bournemouth) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08709419. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 90 Richmond Park Avenue, Bournemouth, Dorset, BH8 9DR.

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.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Fixed asset investments
Fixed asset investments are valued at cost unless there is a permanent diminution in value.

3. Employees and directors

The average number of employees during the year was 1 (2021 - 1 ) .

4. Fixed asset investments
Shares in
associate
£   
Cost
At 1 October 2021 162,651
Disposals (40,663 )
At 30 September 2022 121,988
Net book value
At 30 September 2022 121,988
At 30 September 2021 162,651

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M & M (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 08709419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


5. Debtors: amounts falling due within one year
2022 2021
£    £   
Amounts owed by associates 43,352 38,210
Other debtors 3,110,530 3,052,022
Directors' current accounts 93,747 -
Tax 36 36
3,247,665 3,090,268

6. Creditors: amounts falling due within one year
2022 2021
£    £   
Directors' current accounts - 74,344

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
51 Ordinary £1 51 51

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

2022 2021
£    £   
Mr D Webb
Balance outstanding at start of year - -
Amounts advanced 93,747 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,747 -

At the year end, the director, Mr D Webb, owed the company £93,747 (2021: Nil) which is shown within Debtors. This balance was fully repaid by the director within 9 months of the year end.

9. Ultimate controlling party

The company is controlled by the director, Mr D Webb, by virtue of his 100% ownership of the issued share capital.

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