Abbreviated Company Accounts - M3 HOLDINGS LTD

Abbreviated Company Accounts - M3 HOLDINGS LTD

M3 HOLDINGS LTD - Company Information

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Registered Number 09878049

M3 HOLDINGS LTD

Abbreviated Accounts

31 December 2016

M3 HOLDINGS LTD Registered Number 09878049

Abbreviated Balance Sheet as at 31 December 2016

Notes 2016
£
Called up share capital not paid 300,719
Fixed assets
Intangible assets 2 171,732
Investments 3 1
171,733
Current assets
Debtors 4 612,427
Cash at bank and in hand 849,689
1,462,116
Creditors: amounts falling due within one year (37,122)
Net current assets (liabilities) 1,424,994
Total assets less current liabilities 1,897,446
Total net assets (liabilities) 1,897,446
Capital and reserves
Called up share capital 5 34
Share premium account 1,900,889
Profit and loss account (3,477)
Shareholders' funds 1,897,446
  • For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 August 2017

And signed on their behalf by:
MIHAI IVASCU, Director

M3 HOLDINGS LTD Registered Number 09878049

Notes to the Abbreviated Accounts for the period ended 31 December 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less
estimated residual value of each asset over its expected useful life, as follows:

Computer Equipment 33.33 % , on straight line basis

Intangible assets amortisation policy
Amortisation is provided at the following annual rates in order to write off each assets over its
estimated useful life.

Capitalised Research and Development 33.33 % , on straight line basis

Other accounting policies
Foreign Currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the
transaction. Monetary asset and liabilities denominated in foreign currencies are translated using
the contracted rate or the rate of exchange ruling at the balance sheet date and the gains or losses
on translation are included in the profit and loss account.

Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred
because of timing differences between the treatment of certain items for taxation and
accounting purposes.
Deferred tax is recognised , without discounting , in respect of all timing differences between
the treatment of certain items for taxation and accounting purposes which have arisen but not
reversed by the balance sheet date, except as otherwise required by FRS19

2Intangible fixed assets
£
Cost
Additions 171,732
Disposals -
Revaluations -
Transfers -
At 31 December 2016 171,732
Amortisation
Charge for the year -
On disposals -
At 31 December 2016 -
Net book values
At 31 December 2016 171,732

3Fixed assets Investments
|nvestment in Moneymailme Limited

4Debtors
2016
£
Debtors include the following amounts due after more than one year 0

Other Debtors

5Called Up Share Capital
Allotted, called up and fully paid:
2016
£
3,385 Ordinary shares of £0.01 each 34

3385 shares issued at a premium of 1900889