REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 9 DECEMBER 2021 TO 31 DECEMBER 2022 |
FOR |
P MMXXI LIMITED |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 9 DECEMBER 2021 TO 31 DECEMBER 2022 |
FOR |
P MMXXI LIMITED |
P MMXXI LIMITED (REGISTERED NUMBER: 13791814) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 DECEMBER 2021 TO 31 DECEMBER 2022 |
Page |
Abridged Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
P MMXXI LIMITED (REGISTERED NUMBER: 13791814) |
ABRIDGED BALANCE SHEET |
31 DECEMBER 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
P MMXXI LIMITED (REGISTERED NUMBER: 13791814) |
ABRIDGED BALANCE SHEET - continued |
31 DECEMBER 2022 |
The financial statements were approved by the director and authorised for issue on |
P MMXXI LIMITED (REGISTERED NUMBER: 13791814) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 DECEMBER 2021 TO 31 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
P MMXXI Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery etc | - |
No depreciation has been charged to 31 December 2022 as the assets have not yet been brought into use. |
Investment property |
Investment property is shown at cost plus improvements and the Director considers this to represent fair value at 31 December 2022. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
P MMXXI LIMITED (REGISTERED NUMBER: 13791814) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 9 DECEMBER 2021 TO 31 DECEMBER 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Directors Loan Account | 682,869 |
The Directors loan is secured by a fixed and floating charge over the property of the Company. |