Massive Investments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07008452 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

MASSIVE INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

S R Dobson

Ms S K Dobson

SECRETARY:

M L Dobson

REGISTERED OFFICE:

c/o Cox Costello & Horne

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

REGISTERED NUMBER:

07008452 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne

Chartered Accountants

Josephs Well Suite 2C

Westgate

Leeds

LS3 1AB

FIXED ASSETS

Tangible assets

4

175,697

153,161

CURRENT ASSETS

Debtors

5

-

1,000

Cash at bank and in hand

20,806

4,728

20,806

5,728

CREDITORS

Amounts falling due within one year

6

16,017

3,536

NET CURRENT ASSETS

4,789

2,192

TOTAL ASSETS LESS CURRENT LIABILITIES

180,486

155,353

CREDITORS

Amounts falling due after more than one year

7

(157,000

)

(157,000

)

PROVISIONS FOR LIABILITIES

(4,947

)

-

NET ASSETS/(LIABILITIES)

18,539

(1,647

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

21,839

-

Retained earnings

8

(3,400

)

(1,747

)

SHAREHOLDERS' FUNDS

18,539

(1,647

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 November 2017 and were signed on its behalf by:

S R Dobson - Director

1.	STATUTORY INFORMATION

Massive Investments 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 as modified by the revaluation of certain assets.

Turnover

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

value added tax and other sales taxes.

All income arose from within the UK.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on 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 balance sheet date.

Deferred tax

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

balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

These accounts have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2016

156,287

-

156,287

Additions

-

5,246

5,246

Revaluations

18,713

-

18,713

At 30 September 2017

175,000

5,246

180,246

DEPRECIATION

At 1 October 2016

3,126

-

3,126

Charge for year

3,500

1,049

4,549

Revaluation adjustments

(3,126

)

-

(3,126

)

At 30 September 2017

3,500

1,049

4,549

NET BOOK VALUE

At 30 September 2017

171,500

4,197

175,697

At 30 September 2016

153,161

-

153,161

Cost or valuation at 30 September 2017 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2016

156,287

-

156,287

Valuation in 2017

18,713

5,246

23,959

175,000

5,246

180,246

If the freehold property had not been revalued it would have been included at the following historical cost:

30.9.17

30.9.16

£

£

Cost

156,287

-

Aggregate depreciation

6,251

-

The freehold property was valued on an open market basis on 16 October 2017 by Barton Kendal Commercial Ltd

.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Other debtors

-

1,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

120

-

Taxation and social security

1,675

850

Other creditors

14,222

2,686

16,017

3,536

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Amounts owed to associates

157,000

157,000

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 October 2016

(1,747

)

-

(1,747

)

Profit for the year

20,186

20,186

Revaluation of freehold property

(21,839

)

21,839

-

At 30 September 2017

(3,400

)

21,839

18,439

The Revaluation Reserve is a non-distributable reserve. All other reserves are distributable.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Massive Investments Limited for the year ended 30 September 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Massive Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Massive Investments Limited and state those matters that we have agreed to state to the Board of Directors of Massive Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Massive Investments Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Massive Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Massive Investments Limited. You consider that Massive Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Massive Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cox Costello & Horne

Chartered Accountants

Josephs Well Suite 2C

Westgate

Leeds

LS3 1AB

22 November 2017