MML Inc. Limited - Limited company accounts 16.3

REGISTERED NUMBER: 05304042 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

MML Inc. Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Other Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Financial Statements

7

Reconciliation of Equity

8

Reconciliation of Profit

10

DIRECTORS:

W Lebbe

D Lebbe

SECRETARY:

W Lebbe

REGISTERED OFFICE:

231 Brompton Road

London

SW3 2BP

REGISTERED NUMBER:

05304042 (England and Wales)

ACCOUNTANTS:

Hiland Consulting Limited

Hiland House

282 The Ridgeway

Botany Bay

Enfield

Middlesex

EN2 8AP

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this

report.

W Lebbe

D Lebbe

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

D Lebbe - Director

19 March 2017

TURNOVER

60,000

60,000

Administrative expenses

4,471

4,383

OPERATING PROFIT

55,529

55,617

Interest receivable and similar income

26

21

PROFIT BEFORE TAXATION

55,555

55,638

Tax on profit

11,106

11,123

PROFIT FOR THE FINANCIAL YEAR

44,449

44,515

PROFIT FOR THE YEAR

44,449

44,515

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

44,449

44,515

CURRENT ASSETS

Debtors

4

71,937

74,089

Cash at bank

69,217

282,634

141,154

356,723

CREDITORS

Amounts falling due within one year

5

17,258

17,276

NET CURRENT ASSETS

123,896

339,447

TOTAL ASSETS LESS CURRENT LIABILITIES

123,896

339,447

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

123,893

339,444

SHAREHOLDERS' FUNDS

123,896

339,447

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 March 2017 and were signed on its behalf by:

D Lebbe - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2015

3

294,929

294,932

Changes in equity

Total comprehensive income

-

44,515

44,515

Balance at 31 December 2015

3

339,444

339,447

Changes in equity

Dividends

-

(260,000

)

(260,000

)

Total comprehensive income

-

44,449

44,449

Balance at 31 December 2016

3

123,893

123,896

1.	STATUTORY INFORMATION

MML Inc. Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

3.

DIVIDENDS

2016

2015

£

£

Ordinary shares of 1.00 each

Interim

260,000

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Amounts owed by associates

71,191

71,191

Other debtors

746

2,898

71,937

74,089

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Amounts owed to participating interests

2,403

2,403

Taxation and social security

14,106

14,123

Other creditors

749

750

17,258

17,276

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £173,333 were paid to the directors .

CURRENT ASSETS

Debtors

89,191

-

89,191

Prepayments and accrued income

3,293

-

3,293

Cash at bank

219,391

-

219,391

311,875

-

311,875

CREDITORS

Amounts falling due within one year

(16,943

)

-

(16,943

)

NET CURRENT ASSETS

294,932

-

294,932

TOTAL ASSETS LESS CURRENT LIABILITIES

294,932

-

294,932

NET ASSETS

294,932

-

294,932

CAPITAL AND RESERVES

Called up share capital

3

-

3

Retained earnings

294,929

-

294,929

SHAREHOLDERS' FUNDS

294,932

-

294,932

CURRENT ASSETS

Debtors

74,089

-

74,089

Cash at bank

282,634

-

282,634

356,723

-

356,723

CREDITORS

Amounts falling due within one year

(17,276

)

-

(17,276

)

NET CURRENT ASSETS

339,447

-

339,447

TOTAL ASSETS LESS CURRENT LIABILITIES

339,447

-

339,447

NET ASSETS

339,447

-

339,447

CAPITAL AND RESERVES

Called up share capital

3

-

3

Retained earnings

339,444

-

339,444

SHAREHOLDERS' FUNDS

339,447

-

339,447

TURNOVER

60,000

-

60,000

Administrative expenses

(4,383

)

-

(4,383

)

OPERATING PROFIT

55,617

-

55,617

Interest receivable and similar income

21

-

21

PROFIT BEFORE TAXATION

55,638

-

55,638

Tax on profit

(11,123

)

-

(11,123

)

PROFIT FOR THE FINANCIAL YEAR

44,515

-

44,515