ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

MEGA PROPERTY INVESTMENTS LIMITED - Company Information

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09521229 2015-04-01 false true 2016-03-312016-03-31 09521229 2015-03-31 09521229 2015-04-01 2016-03-31 09521229 2016-03-31 09521229 d:OrdinaryShareClass1 2016-03-31 09521229 d:OrdinaryShareClass1 2015-04-01 2016-03-31 09521229 d:Director1 2015-04-01 2016-03-31 iso4217:GBP xbrli:shares

Registered number: 09521229









MEGA PROPERTY INVESTMENTS LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016
 
MEGA PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 09521229

ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2016

2016
Note
£
£
 
CURRENT ASSETS



 
Debtors
4
 
Cash at bank
19,319




 
19,323
 
CREDITORS: amounts falling due within one year
(11,264)
 
NET CURRENT ASSETS

8,059
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 8,059
  
CAPITAL AND RESERVES

 
Called up share capital
2
4
 
Profit and loss account
8,055
 
SHAREHOLDERS' FUNDS
 

 8,059


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by: 





G Essex
Director

Date: 9 March 2017

The notes on page 2 form part of these financial statements.

Page 1
 
MEGA PROPERTY INVESTMENTS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1.ACCOUNTING POLICIES

1.1
BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
TURNOVER

Turnover comprises revenue recognised by the company in respect of the sale of property at the point of unconditional completion.


2.SHARE CAPITAL
        2016
        £

ALLOTTED, CALLED UP AND FULLY PAID


4 Ordinary shares of £1 each
 4

On incorporation, 4 Ordinary £1 shares were issued and allotted at par.


3.
RELATED PARTY TRANSACTIONS

A Musikant, a director, received interest of £8,160 from the company during the year. 
 
All the dividends paid in the year were paid to the directors.
Page 2