MMC Capital Limited - Abbreviated accounts

MMC Capital Limited - Abbreviated accounts


Registered number
08526580
MMC Capital Limited
Abbreviated Accounts
31 May 2014
MMC Capital Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of MMC Capital Limited for the period ended 31 May 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of MMC Capital Limited for the period ended 31 May 2014 which comprise of the 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of MMC Capital Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2014. Our work has been undertaken solely to prepare for your approval the accounts of MMC Capital Limited and state those matters that we have agreed to state to the Board of Directors of MMC Capital Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MMC Capital Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MMC Capital Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MMC Capital Limited. You consider that MMC Capital Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of MMC Capital 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 abbreviated accounts.
Venture Accounting Limited
Chartered Accountants
26 York Street
London
W1U 6PZ
12 December 2014
MMC Capital Limited
Registered number: 08526580
Abbreviated Balance Sheet
as at 31 May 2014
Notes 2014
£
Current assets
Debtors 340
Cash at bank and in hand 1,655
1,995
Creditors: amounts falling due within one year (199)
Net current assets 1,796
Net assets 1,796
Capital and reserves
Called up share capital 2 1,000
Profit and loss account 796
Shareholders' funds 1,796
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Milos Milosevic
Director
Approved by the board on 12 December 2014
MMC Capital Limited
Notes to the Abbreviated Accounts
for the period ended 31 May 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
2 Share capital Nominal 2014 2014
value Number £
Allotted, called up and fully paid:
Ordinary shares £1 each 1,000 1,000
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