MHL Build Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07235053 (England and Wales)

MHL BUILD LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J N Leonard

A J Melrose

REGISTERED OFFICE:

4 Lower Addison Gardens

LONDON

W14 8BQ

REGISTERED NUMBER:

07235053 (England and Wales)

AUDITORS:

Clark Brownscombe

Chartered Accountants

and Statutory Auditors

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

CURRENT ASSETS

Debtors

3

1,224,900

1,214,900

Cash at bank and in hand

3,886

2,087

1,228,786

1,216,987

CREDITORS

Amounts falling due within one year

4

178,117

513,460

NET CURRENT ASSETS

1,050,669

703,527

TOTAL ASSETS LESS CURRENT LIABILITIES

1,050,669

703,527

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

1,050,569

703,427

SHAREHOLDERS' FUNDS

1,050,669

703,527

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 19th March 2018 and were signed on its behalf by:

A J Melrose - Director

1.	STATUTORY INFORMATION

MHL Build 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 represents sales of properties. Revenue is recognised on exchange of contract unless the contract is

conditional in which case the revenue is recognised on completion.

Work in progress represents property acquired for developments together with work in progress on those

properties. These assets are included at the lower of cost and net realisable value. Cost for this purpose

comprises the purchase cost of the land and buildings, development expenditure and interest on loans. Where

applicable costs are apportioned to the property sales on an estimated proceeds basis.

Taxation

Taxation for the year comprises current 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 taxation assets and liabilities are not discounted.

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

substantively enacted by the balance sheet date.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,224,900

1,214,900

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

87,816

-

Other creditors

90,301

513,460

178,117

513,460

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

50

'A' Ordinary

£1

50

50

50

'B' Ordinary

£1

50

50

100

100

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Scrivins (Senior Statutory Auditor)

for and on behalf of Clark Brownscombe