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REGISTERED NUMBER: 09034724 (England and Wales)















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: Mr Mitul Popat
Mrs Shivani Popat





REGISTERED OFFICE: Devonshire House
582 Honeypot Lane
Stanmore
London
HA7 1JS





REGISTERED NUMBER: 09034724 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
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 3,303,263 200,000

CURRENT ASSETS
Debtors 4 78,041 -
Cash at bank 386,088 2,521
464,129 2,521
CREDITORS
Amounts falling due within one year 5 2,284,053 62,080
NET CURRENT LIABILITIES (1,819,924 ) (59,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,483,339

140,441

CREDITORS
Amounts falling due after more than one year 6 (1,491,000 ) (151,365 )

PROVISIONS FOR LIABILITIES - (1,971 )
NET LIABILITIES (7,661 ) (12,895 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 - 8,403
Retained earnings (7,761 ) (21,398 )
SHAREHOLDERS' FUNDS (7,661 ) (12,895 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

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


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 15 August 2022 and were signed on its behalf by:





Mr Mitul Popat - Director


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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 2 (2021 - 2 ) .

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 200,000
Additions 3,303,263
Disposals (189,626 )
Revaluations (10,374 )
At 30 June 2022 3,303,263
NET BOOK VALUE
At 30 June 2022 3,303,263
At 30 June 2021 200,000

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 78,041 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade creditors 212 210
Taxation and social security 178 178
Other creditors 2,283,663 61,692
2,284,053 62,080

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.22 30.6.21
£    £   
Other creditors 1,491,000 151,365

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 8,403
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.