MKT Developments Ltd - Period Ending 2017-12-31

Registration number: 03980054

MKT Developments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2017

Smith-Milne & Co. Limited
Chartered Certified Accountants
23 Church Street
Rickmansworth
Hertfordshire
WD3 1D

MKT Developments Ltd

Contents

Company Information	1
Accountants' Report	2
Profit and Loss Account	3
Balance Sheet	4 to 5
Notes to the Financial Statements	4

MKT Developments Ltd

Company Information

Director

Mr Michael Heseltine

Company secretary

Mrs Kay Heseltine

Registered office

Wendon Vineyard Duddenhoe End Saffron Walden Essex CB11 4UU

Accountants

Smith-Milne & Co. Limited Chartered Certified Accountants 23 Church Street Rickmansworth Hertfordshire WD3 1D

Page 1

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
MKT Developments Ltd
for the Year Ended 31 December 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MKT Developments Ltd for the year ended 31 December 2017 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of MKT Developments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MKT Developments Ltd and state those matters that we have agreed to state to the Board of Directors of MKT Developments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MKT Developments Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MKT Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MKT Developments Ltd. You consider that MKT Developments Ltd 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 accounts of MKT Developments Ltd. 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 accounts.

......................................

Smith-Milne & Co. Limited
Chartered Certified Accountants
23 Church Street
Rickmansworth
Hertfordshire
WD3 1D

28 September 2018

Page 2

MKT Developments Ltd

Profit and Loss Account for the Year Ended 31 December 2017

	2017 £	2016 £
Turnover	8,795	797,480
Cost of raw materials and consumables	(6,047)	(542,645)
Staff costs	-	(59)
Depreciation and other amounts written off assets	(259)	(464)
Other charges	(33,253)	(86,189)
(Loss)/profit before tax	(30,764)	168,123
Taxation	-	(22,285)
(Loss)/profit for the year	(30,764)	145,838

Page 3

MKT Developments Ltd

(Registration number: 03980054)
Balance Sheet as at 31 December 2017

	2017 £	2016 £
Fixed assets	525	785
Current assets	381,320	411,824
Prepayments and accrued income	(5,715)	(5,715)
Creditors: Amounts falling due within one year	(66,801)	(66,801)
Net current assets	308,804	339,308
Total assets less current liabilities	309,329	340,093
Creditors: Amounts falling due after more than one year	(240,000)	(240,000)
	69,329	100,093
Capital and reserves	69,329	100,093

1	General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
Wendon Vineyard
Duddenhoe End
Saffron Walden
Essex
CB11 4UU

The principal place of business is:
Wendon Vineyard
Duddenhoe End
Saffron Walden
Essex
CB11 4UU

These financial statements were authorised for issue by the director on 28 September 2018.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2016 - 2).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 4

MKT Developments Ltd

(Registration number: 03980054)
Balance Sheet as at 31 December 2017

For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 28 September 2018
 

.........................................

Mr Michael Heseltine
Director

Page 5