REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2022 |
for |
Martini Road Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2022 |
for |
Martini Road Limited |
Martini Road Limited (Registered number: 09034724) |
Contents of the Financial Statements |
for the Year Ended 30 June 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Martini Road Limited |
Company Information |
for the Year Ended 30 June 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Devonshire House |
582 Honeypot Lane |
Stanmore |
MIDDLESEX |
HA7 1JS |
Martini Road Limited (Registered number: 09034724) |
Statement of Financial Position |
30 June 2022 |
30.6.22 | 30.6.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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. |
Martini Road Limited (Registered number: 09034724) |
Statement of Financial Position - continued |
30 June 2022 |
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 and authorised for issue on |
Martini Road Limited (Registered number: 09034724) |
Notes to the Financial Statements |
for the Year Ended 30 June 2022 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Martini Road Limited (Registered number: 09034724) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2021 |
Additions |
Disposals | ( |
) |
Revaluations | (10,374 | ) |
At 30 June 2022 |
NET BOOK VALUE |
At 30 June 2022 |
At 30 June 2021 |
Fair value at 30 June 2022 is represented by: |
£ |
Cost | 3,303,263 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Other creditors |
Martini Road Limited (Registered number: 09034724) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 July 2021 |
Undistributable Reserves | (8,403 | ) |
At 30 June 2022 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
As at 30 June 2022, Martini Road Ltd owed £15,253 to its directors. This amount is reflected in the director`s loan account in credit balance, which is shown under Creditors due within one year. Please be advised that the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand. |
9. | RELATED PARTY DISCLOSURES |
During the period ended 30 June 2022, Martini Road Ltd entered into a loan agreement with a related company, Lyonwood Ltd. The loan of £2,210,000 was received as an interest free loan and is repayable on demand. Hence the amounts are being reflected accordingly under Creditors less than one year. |