M J Dudley Limited - Accounts to registrar (filleted) - small 18.2

M J Dudley Limited - Accounts to registrar (filleted) - small 18.2

M J DUDLEY LIMITED - Company Information

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REGISTERED NUMBER: 03781358 (England and Wales)















M J DUDLEY LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2018





Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB








M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358)

Contents of the Financial Statements
for the Year Ended 30 June 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

M J DUDLEY LIMITED

Company Information
for the Year Ended 30 June 2018







DIRECTOR: M J Dudley





REGISTERED OFFICE: 3 Aston Dale,
Shifnal
Shropshire
TF11 8EY





REGISTERED NUMBER: 03781358 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB
Page 1
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358)

Balance Sheet
30 June 2018

30.6.18 30.6.17
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 308,183 308,183

CURRENT ASSETS
Debtors 5 981 4,815
Cash at bank 304 981
1,285 5,796
CREDITORS
Amounts falling due within one year 6 123,316 123,500
NET CURRENT LIABILITIES (122,031 ) (117,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
186,152
190,479

CREDITORS
Amounts falling due after more than one
year
7
225,216
225,216
NET LIABILITIES (39,064 ) (34,737 )

CAPITAL AND RESERVES
Called up share capital 8 6 6
Capital reserve 7,116 7,116
Retained earnings (46,186 ) (41,859 )
SHAREHOLDERS' FUNDS (39,064 ) (34,737 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358)

Balance Sheet - continued
30 June 2018


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 director on 11 January 2019 and were signed by:





M J Dudley - Director


The notes form part of these financial statements

Page 3
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358)

Notes to the Financial Statements
for the Year Ended 30 June 2018


1. STATUTORY INFORMATION

M J Dudley 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in
profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with
changes recognised in profit or loss.

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.

Going concern
The director considers that it will be appropriate to prepare the financial statements on the going concern basis
on the financial support of the director.

Page 4 continued...
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2017
and 30 June 2018 308,183
NET BOOK VALUE
At 30 June 2018 308,183
At 30 June 2017 308,183

The investment property is secured under loans due after five years.

At the year end, the director believes that the investment properties are carried at fair value, being the open
market value on acquisition.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Other debtors 981 4,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Other creditors 123,316 123,500

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.18 30.6.17
£    £   
Other creditors 225,216 225,216

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 225,216 225,216

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.18 30.6.17
value: £    £   
6 Ordinary £1 6 6

Page 5 continued...
M J DUDLEY LIMITED (REGISTERED NUMBER: 03781358)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018


9. RELATED PARTY DISCLOSURES

During the year, the director made net advances to the company of £574 and was repaid £359. At the year end
the director was owed £82,223 (2017 - £82,008)

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the director.

Page 6
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
M J Dudley Limited


The following reproduces the text of the report prepared for the director 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 Director 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 M J Dudley Limited for the year ended 30 June 2018 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 director of M J Dudley Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M J Dudley Limited and state those matters that we have agreed to state to the director of M J Dudley Limited 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 M J Dudley Limited and its director for our work or for this report.

It is your duty to ensure that M J Dudley 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 loss of M J Dudley Limited. You consider that M J Dudley 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 M J Dudley 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


15 January 2019

This page does not form part of the statutory financial statements

Page 7