Medina Long Eaton Ltd - Accounts

MEDINA LONG EATON LTD - Company Information

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Registered Number: 11641339

England and Wales

MEDINA LONG EATON LTD

Abridged Accounts

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

Medina Long Eaton Ltd
Contents Page
For the year ended 31 March 2023

Balance sheet	1
Notes to the financial statements	2

Medina Long Eaton Ltd
Balance Sheet
As at 31 March 2023

	Notes	2023 £	2022 £
Fixed assets
Tangible fixed assets	3	3,223,060	3,177,635
		3,223,060	3,177,635
Current assets
Debtors		209,182	124,123
Cash at bank and in hand		467	1
		209,649	124,124
Creditors: amount falling due within one year		(54,293)	(29,174)
Net current assets		155,356	94,950

Total assets less current liabilities		3,378,416	3,272,585
Creditors: amount falling due after more than one year		(3,152,422)	(3,152,354)
Net assets		225,994	120,231

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		225,894	120,131
Shareholder's funds		225,994	120,231

For the year ended 31 March 2023 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. 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 29 March 2024 and were signed on its behalf by:

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

Medina Long Eaton Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2023

General Information

Medina Long Eaton Ltd is a private company, limited by shares, registered in England and Wales, registration number 11641339, registration address 64 Castle Boulevard, Nottingham, Nottinghamshire, NG7 1FN.

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 Value Added Tax and 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 Average number of employees during the year was 5 (2022 : 5).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2022	3,177,635	3,177,635
Additions	45,425	45,425
Disposals	-	-
At 31 March 2023	3,223,060	3,223,060
Depreciation
At 01 April 2022	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2023	-	-
Net book values
Closing balance as at 31 March 2023	3,223,060	3,223,060
Opening balance as at 01 April 2022	3,177,635	3,177,635

Share Capital

Allotted, called up and fully paid	2023 £		2022 £
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)
	2023 £	2022 £	2023 £	2022 £
Wilford View Ltd	0	0	(706,769)	(706,769)
Wollaton View Limited	0	0	(731,928)	(731,928)
Medina Connect Ltd	0	0	(921,190)	(921,190)
SK Nottingham Ltd	0	0	(337,072)	(337,072)
Medina Green Limited	0	0	(30,068)	(31,000)
SN Nottingham Ltd	0	0	(10,000)	(10,000)
Medina Ltd	0	0	(149,283)	(149,283)
ZKS Nottingham Ltd	0	0	(137,000)	(137,000)
Long Eaton View Ltd	(150,000)	(150,000)	209,182	124,123

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.
The company has directors in common with Wollaton 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.
The company has directors in common with Medina Connect Ltd. At the balance sheet date, the company owed an interest free loan to Medina Connect Ltd, included within creditors due after more than one year.
The director Mr M Khalid is the son of the directors of SK Nottingham Ltd. At the balance sheet date, the company owed an interest free loan to SK Nottingham Ltd, included within creditors due after more than one year.
The director Mrs S Akhtar is also a director in 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 director Mr M Khalid is the son of the directors of SN Nottingham Ltd. At the balance sheet date, the company owed an interest free loan to SN Nottingham Ltd, included within creditors due after more than one year.
The company has directors in common with Medina Ltd. At the balance sheet date, the company owed an interest free loan to Medina Ltd, included within creditors due after more than one year.
The director Mr M Khalid is the son of the directors of ZKS Nottingham Ltd. At the balance sheet date, the company owed an interest free loan to ZKS Nottingham Ltd, included within creditors due after more than one year.
The company has directors in common with Long Eaton View Ltd. During the year the company was charged rent of £150,000 (2022: £150,000) by Long Eaton View Ltd, included within debtors due after more than one year.