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Registration number: 09834742

MSelect Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2021

 

MSelect Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

MSelect Limited

Company Information

Directors

Mr Haller Dleir Miran

Mrs Sophia Miran

Registered office

8 Carlton Road
London
W5 2AW

Accountants

Aventus Partners Limited
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

MSelect Limited

(Registration number: 09834742)
Balance Sheet as at 31 October 2021

Note

2021
£

2020
£

Current assets

 

Cash at bank and in hand

 

564

564

Creditors: Amounts falling due within one year

4

(24,701)

(10,885)

Net liabilities

 

(24,137)

(10,321)

Capital and reserves

 

Called up share capital

5

1,000

1,000

Profit and loss account

(25,137)

(11,321)

Shareholders' deficit

 

(24,137)

(10,321)

For the financial year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements were approved and authorised for issue by the Board on 30 August 2022 and signed on its behalf by:
 

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

Mr Haller Dleir Miran
Director

 

MSelect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Carlton Road
London
W5 2AW
United Kingdom

These financial statements were authorised for issue by the Board on 30 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and are willing to provide the necessary financial support as necessary. Also, the directors do not expect there to be any major impacts due to the COVID-19 virus on the financials and accordingly these financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

MSelect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 2 (2020: 2).

4

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Taxation and social security

 

363

73

Accrued expenses

 

960

180

Directors current account

6

23,378

10,632

 

24,701

10,885

5

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

         
 

MSelect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021 (continued)

6

Related party transactions

Transactions with directors

2021

At 1 November 2020
£

Other payments made to company by director
£

At 31 October 2021
£

Mr Haller Dleir Miran

-

12,746

12,746

       
     

Mrs Sophia Miran

10,632

-

10,632

       
     

 

2020

At 1 November 2019
£

Advances to directors
£

At 31 October 2020
£

Mrs Sophia Miran

2,520

8,112

10,632

       
     

 

Directors' remuneration

The director's remuneration for the year was as follows:

2021
£

2020
£

Remuneration

12,541

-