Mundus Properties Limited - Accounts to registrar (filleted) - small 17.3
Mundus Properties Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| MUNDUS PROPERTIES LIMITED |
| MUNDUS PROPERTIES LIMITED (REGISTERED NUMBER: 05198595) |
| Contents of the Financial Statements |
| for the year ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MUNDUS PROPERTIES LIMITED |
| Company Information |
| for the year ended 31 March 2017 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| 305 Regents Park Road |
| Finchley |
| London |
| N3 1DP |
| MUNDUS PROPERTIES LIMITED (REGISTERED NUMBER: 05198595) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 3 |
| Current assets |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| The director acknowledges his 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. |
| MUNDUS PROPERTIES LIMITED (REGISTERED NUMBER: 05198595) |
| Balance Sheet - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| MUNDUS PROPERTIES LIMITED (REGISTERED NUMBER: 05198595) |
| Notes to the Financial Statements |
| for the year ended 31 March 2017 |
| 1. | Statutory information |
| Mundus Properties Limited is a |
| 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 |
| The company has net liabilities of £38,012 (2016: £61,129 net assets) and relies on the support of its director |
| to ensure it meets its liabilities as they fall due. On this basis, the director considers it appropriate to prepare |
| the financial statements on the going concern basis. The financial statements do not include any adjustments |
| that would result from a withdrawal of this support by the director. |
| 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. | Tangible fixed assets |
| Freehold | Improvements |
| property | to property | Totals |
| £ | £ | £ |
| Cost or valuation |
| At 1 April 2016 |
| Additions |
| Revaluations |
| At 31 March 2017 |
| Net book value |
| At 31 March 2017 |
| At 31 March 2016 |
| Cost or valuation at 31 March 2017 is represented by: |
| Freehold | Improvements |
| property | to property | Totals |
| £ | £ | £ |
| Valuation in 2017 | 786,814 | - | 786,814 |
| Cost | 144,583 | 668,603 | 813,186 |
| 931,397 | 668,603 | 1,600,000 |
| Freehold property was valued on an open market basis on 31 March 2017 by the director. |
| MUNDUS PROPERTIES LIMITED (REGISTERED NUMBER: 05198595) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2017 |
| 4. | Debtors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Prepayments |
| 5. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Tax |
| Other creditors |
| Directors' current accounts | 6,631 | 512 |
| Accrued expenses |
| 6. | Creditors: amounts falling due after more than one year |
| 2017 | 2016 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 430,339 | 446,454 |
| 7. | Secured debts |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| The bank loan is secured on the property 1-4 and 6-12 Edith House, The Barge Yard, Highbridge Street, |
| Waltham Abbey, Essex, EN9 1BS. This creditor also includes a debenture deed which has a fixed and a |
| floating charge over the undertaking and all property and assets present and future including goodwill, stock, |
| goods, moveable plant and machinery, implements, utensils, furniture, fixtures, equipment, book debts, |
| uncalled capital, buildings and intellectual property. |
| MUNDUS PROPERTIES LIMITED (REGISTERED NUMBER: 05198595) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2017 |
| 8. | Director's advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 March 2017 and |
| 31 March 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| 9. | Ultimate controlling party |
| The ultimate controlling party is Mr D Poulton, a company director, by virtue of his majority shareholding in |
| the company. |
| 10. | Frs 102 |
| The first date at which FRS 102 was applied was 01 April 2015. In accordance with FRS 102 the company |
| has: |
| - Provided comparative information; |
| - Applied the same accounting policies throughout all periods presented; and |
| - Retrospectively applied FRS 102 as required. |
| On transition, management have considered the effect of any changes in accounting treatment from UK GAAP |
| to FRS 102 for this company and have concluded that there are no material changes that warrant restatement |
| of the comparative financials. |