Medina Capital Investments (Southend) - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08569102 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Medina Capital Investments (Southend)

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

N M Al-Khail

J Gould

REGISTERED OFFICE:

1 Regent Terrace

Rita Road

London

SW8 1AW

REGISTERED NUMBER:

08569102 (England and Wales)

ACCOUNTANTS:

Grunberg & Co Limited

Chartered Accountants

10-14 Accommodation Road

Golders Green

London

NW11 8ED

FIXED ASSETS

Investments

3

1

1

CURRENT ASSETS

Debtors

4

56,518

323,928

Investments

5

1,576,989

1,572,989

Cash at bank

103,291

166,624

1,736,798

2,063,541

CREDITORS

Amounts falling due within one year

6

111,466

421,977

NET CURRENT ASSETS

1,625,332

1,641,564

TOTAL ASSETS LESS CURRENT LIABILITIES

1,625,333

1,641,565

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,625,331

1,641,563

SHAREHOLDERS' FUNDS

1,625,333

1,641,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2017 and were signed on its behalf by:

N M Al-Khail - Director

1.	STATUTORY INFORMATION

Medina Capital Investments (Southend) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income on property development is recognised on completion of a sale.

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Joint ventures

Dependant on the precise nature of the joint venture, either (i) the company's share of result of the venture is

taken directly to the profit and loss account and disclosed as joint venture results, or (ii) the company's share of

the whole transaction is included in sales, cost of sales, interest payable, loans and stock of properties, as

appropriate, or (iii) the whole transaction is accounted for by the company with the results due to third parties

being treated as part of the cost of sales.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

3.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 July 2016

and 30 June 2017

1

NET BOOK VALUE

At 30 June 2017

1

At 30 June 2016

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,062

2,862

Amounts owed by related companies

53,499

321,066

Tax recoverable

1,502

-

Prepayments and accrued income

455

-

56,518

323,928

5.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Joint venture investment

1,576,989

1,572,989

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

550

-

Amounts owed to related companies

98,350

-

Corporation tax

-

410,442

VAT

577

346

Directors' current accounts

8,989

8,989

Accrued expenses

3,000

2,200

111,466

421,977

7.	FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition

is 1 July 2015.

No material transitional adjustments were required in equity or profit and loss for the period.