REGISTERED NUMBER: 13873965 (England and Wales)

Unaudited Financial Statements

for the Period 26 January 2022 to 31 January 2023

for

MTOBricks Trading Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

1,679

Investments

5

96

1,775

CURRENT ASSETS

Debtors

6

54,493

Cash at bank

597

55,090

CREDITORS

Amounts falling due within one year

7

78,368

NET CURRENT LIABILITIES

(23,278

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,503

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(21,603

)

SHAREHOLDERS' FUNDS

(21,503

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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 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 director and authorised for issue on 27 September 2023 and were signed by:

Mr Ronald Vergoed - Director

1.	STATUTORY INFORMATION

MTOBricks Trading Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13873965

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

2.	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.

Turnover

Turnover represents the fair value of rent received or receivable from the leasehold property, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

straight line over 3 years

Fixtures and fittings

-

straight line over 3 years

Taxation

Taxation for the period 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 period 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 company has net liabilities of £21,503. The accounts have been prepared on a going concern basis as the director has confirmed that he will continue to provide financial support to the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

Additions

719

1,800

2,519

At 31 January 2023

719

1,800

2,519

DEPRECIATION

Charge for period

240

600

840

At 31 January 2023

240

600

840

NET BOOK VALUE

At 31 January 2023

479

1,200

1,679

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

96

At 31 January 2023

96

NET BOOK VALUE

At 31 January 2023

96

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

54,493

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

78,368

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9.	RELATED PARTY DISCLOSURES

The company owes £312 to its director, Mr Ronald Vergoed as at accounting year end date.

The company owes £75,338 to Vergoed Consultancy & Management B.V., a company registered in Netherlands (Company registered number:55734537) as at accounting year end date , who is also a sole shareholder of the company as at accounting year end date.

The company was owed £2,900 as at accounting year end date from Aww Top Ltd , a company registered in United Kingdom (Company registered number:13883569). MTOBricks Trading Ltd holds 16.67% shares of this company.

The company was owed £21,900 as at accounting year end date from TP Trades Ltd , a company registered in United Kingdom (Company registered number:13943178). MTOBricks Trading Ltd holds 33.33% shares of this company.