IRIS Accounts Production v23.3.0.418 11215460 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112154602022-02-28112154602023-02-28112154602022-03-012023-02-28112154602021-02-28112154602021-03-012022-02-28112154602022-02-2811215460ns10:Originalns15:EnglandWales2022-03-012023-02-2811215460ns14:PoundSterlingns10:Original2022-03-012023-02-2811215460ns10:Originalns10:Director12022-03-012023-02-2811215460ns10:Original2022-03-012023-02-2811215460ns10:Original2023-02-2811215460ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2811215460ns10:Originalns10:SmallEntities2022-03-012023-02-2811215460ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2811215460ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811215460ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2811215460ns10:Originalns10:FullAccounts2022-03-012023-02-2811215460ns10:Original12022-03-012023-02-2811215460ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2811215460ns10:Originalns10:OrdinaryShareClass22022-03-012023-02-2811215460ns10:Originalns10:Director22022-03-012023-02-2811215460ns10:Originalns10:RegisteredOffice2022-03-012023-02-2811215460ns10:Original2022-02-2811215460ns10:Originalns5:CurrentFinancialInstruments2023-02-2811215460ns10:Originalns5:CurrentFinancialInstruments2022-02-2811215460ns5:ShareCapitalns10:Original2023-02-2811215460ns5:ShareCapitalns10:Original2022-02-2811215460ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2811215460ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811215460ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-012023-02-2811215460ns10:Originalns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-03-012023-02-2811215460ns10:Original2021-03-012022-02-2811215460ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-02-2811215460ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-02-2811215460ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-02-2811215460ns10:Original2022-02-2811215460ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2811215460ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2811215460ns10:Originalns10:OrdinaryShareClass12023-02-2811215460ns10:Originalns10:OrdinaryShareClass22023-02-28
REGISTERED NUMBER: 11215460 (England and Wales)




















Financial Statements

for the Year Ended 28 February 2023

for

MODERN DWELLINGS LTD

MODERN DWELLINGS LTD (REGISTERED NUMBER: 11215460)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MODERN DWELLINGS LTD

Company Information
for the Year Ended 28 February 2023







DIRECTORS: K V Radhakrishnan
R Sreedhar





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11215460 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

MODERN DWELLINGS LTD (REGISTERED NUMBER: 11215460)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 4,885
Investment property 5 34,040 34,040
34,040 38,925

CURRENT ASSETS
Debtors 6 353 120
Cash at bank 4,510 3,041
4,863 3,161
CREDITORS
Amounts falling due within one year 7 (58,714 ) (58,421 )
NET CURRENT LIABILITIES (53,851 ) (55,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,811

)

(16,335

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (19,911 ) (16,435 )
SHAREHOLDERS' FUNDS (19,811 ) (16,335 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 17 October 2023 and were signed on its behalf by:




K V Radhakrishnan - Director


MODERN DWELLINGS LTD (REGISTERED NUMBER: 11215460)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Modern Dwellings Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MODERN DWELLINGS LTD (REGISTERED NUMBER: 11215460)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2022
and 28 February 2023 24,425
AMORTISATION
At 1 March 2022 19,540
Charge for year 4,885
At 28 February 2023 24,425
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 4,885

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 34,040
NET BOOK VALUE
At 28 February 2023 34,040
At 28 February 2022 34,040

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 233 -
Other debtors 120 120
353 120

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 120 120
Taxation and social security 322 239
Other creditors 58,272 58,062
58,714 58,421

MODERN DWELLINGS LTD (REGISTERED NUMBER: 11215460)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

9. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.