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REGISTERED NUMBER: 03245671 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Model Village Limited

Model Village Limited (Registered number: 03245671)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Model Village Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: T F Lam





SECRETARY: Mrs Y C Lee





REGISTERED OFFICE: 220 Barnett Wood Lane
Ashtead
Surrey
KT21 2BD





REGISTERED NUMBER: 03245671 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
North Building
1 Howard Road
Reigate
Surrey
RH2 7JE

Model Village Limited (Registered number: 03245671)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 350,000 350,000

CURRENT ASSETS
Debtors 5 6,000 4,000
Cash at bank 34,025 26,610
40,025 30,610
CREDITORS
Amounts falling due within one year 6 27,948 22,159
NET CURRENT ASSETS 12,077 8,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,077

358,451

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 44,070 44,070
Retained earnings 317,907 314,281
SHAREHOLDERS' FUNDS 362,077 358,451

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

Model Village Limited (Registered number: 03245671)

Balance Sheet - continued
31 January 2023


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 12 October 2023 and were signed by:





T F Lam - Director


Model Village Limited (Registered number: 03245671)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Model Village 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.

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 rent receivable excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2022
and 31 January 2023 350,000
NET BOOK VALUE
At 31 January 2023 350,000
At 31 January 2022 350,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 6,000 4,000

Model Village Limited (Registered number: 03245671)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Tax 2,759 970
Other creditors 16,589 16,589
Directors' current accounts 8,000 4,000
Accrued expenses 600 600
27,948 22,159

7. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 44,070

8. RELATED PARTY DISCLOSURES

Rent of £12000 is receivable from Lee Sisters Ltd., a company related to Model Village Ltd because of related directors on both companies. (2022- £12000)

9. ULTIMATE CONTROLLING PARTY

The controlling party is T F Lam.