M.M. Enterprises Limited - Abbreviated accounts 16.3

M.M. Enterprises Limited - Abbreviated accounts 16.3

M.M. ENTERPRISES LIMITED - Company Information

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REGISTERED NUMBER: 00404158 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

M.M. ENTERPRISES LIMITED

M.M. ENTERPRISES LIMITED (REGISTERED NUMBER: 00404158)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

M.M. ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: M G Miles





SECRETARY: H A Miles





REGISTERED OFFICE: The Knollgate
School Hill
Boxford
Suffolk
CO10 5JT





REGISTERED NUMBER: 00404158 (England and Wales)





ACCOUNTANT: M P Dorling BA(Hons.) ACA ATII
The Firs
Levens Green
Old Hall Green
Ware
Hertfordshire
SG11 1HD
Page 1
M.M. ENTERPRISES LIMITED (REGISTERED NUMBER: 00404158)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 29,093 26,159
Investments 3 500,000 500,000
Investment property 4 1,267,500 1,267,500
1,796,593 1,793,659

CURRENT ASSETS
Debtors 5,480 326,002
Cash at bank 364,137 22,996
369,617 348,998
CREDITORS
Amounts falling due within one year 32,428 37,820
NET CURRENT ASSETS 337,189 311,178
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,133,782
2,104,837

CAPITAL AND RESERVES
Called up share capital 5 144,000 144,000
Revaluation reserve 1,351,264 1,351,264
Profit and loss account 638,518 609,573
SHAREHOLDERS' FUNDS 2,133,782 2,104,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 5 December 2016 and were signed by:




M G Miles - Director


The notes form part of these abbreviated accounts

Page 2
M.M. ENTERPRISES LIMITED (REGISTERED NUMBER: 00404158)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Preparation of consolidated financial statements
The financial statements contain information about M.M. Enterprises Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents net rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 72,668
Additions 14,722
At 31 March 2016 87,390
DEPRECIATION
At 1 April 2015 46,509
Charge for year 11,788
At 31 March 2016 58,297
NET BOOK VALUE
At 31 March 2016 29,093
At 31 March 2015 26,159

Page 3 continued...
M.M. ENTERPRISES LIMITED (REGISTERED NUMBER: 00404158)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015
and 31 March 2016 500,000
NET BOOK VALUE
At 31 March 2016 500,000
At 31 March 2015 500,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

M M Industries Limited
Nature of business: Inactive
%
Class of shares: holding
Ordinary 100.00
2016 2015
£    £   
Aggregate capital and reserves 469,665 473,607
Loss for the year (3,742 ) (2,460 )

As at 31 March 1992, the directors revalued the company's investment in its subsidiary company at £500,000 and
this was incorporated into the financial statements. The surplus arising of £490,000 was transferred to
revaluation reserve.

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2015
and 31 March 2016 1,267,500
NET BOOK VALUE
At 31 March 2016 1,267,500
At 31 March 2015 1,267,500

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
48,000 Ordinary £1 48,000 48,000
96,000 'A' Ordinary £1 96,000 96,000
144,000 144,000

The 'A' ordinary shares carry no voting rights and their rights as to capital on a winding up are restricted to par
value.

Page 4