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REGISTERED NUMBER: 12020574 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

MAIN DOOR INVESTMENTS LTD

MAIN DOOR INVESTMENTS LTD (REGISTERED NUMBER: 12020574)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAIN DOOR INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr N D Cotton
Mr R H Cotton
Mr O Cotton
Mr M A Cotton
Mr D M Crookes





REGISTERED OFFICE: 5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ





REGISTERED NUMBER: 12020574 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

MAIN DOOR INVESTMENTS LTD (REGISTERED NUMBER: 12020574)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 550,000 550,000

CURRENT ASSETS
Debtors 5 3,344 927
Cash at bank and in hand 15,028 54,781
18,372 55,708
CREDITORS
Amounts falling due within one year 6 (324,565 ) (380,785 )
NET CURRENT LIABILITIES (306,193 ) (325,077 )
TOTAL ASSETS LESS CURRENT LIABILITIES 243,807 224,923

PROVISIONS FOR LIABILITIES (35,656 ) (35,656 )
NET ASSETS 208,151 189,267

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 187,664 187,664
Retained earnings 20,387 1,503
SHAREHOLDERS' FUNDS 208,151 189,267

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MAIN DOOR INVESTMENTS LTD (REGISTERED NUMBER: 12020574)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





Mr R H Cotton - Director


MAIN DOOR INVESTMENTS LTD (REGISTERED NUMBER: 12020574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Main Door Investments 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.

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 5 (2022 - 5 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 550,000
NET BOOK VALUE
At 31 May 2023 550,000
At 31 May 2022 550,000

MAIN DOOR INVESTMENTS LTD (REGISTERED NUMBER: 12020574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. INVESTMENT PROPERTY - continued

The Directors have assessed the market value of investment property using available price information of similar properties at the year end date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,344 927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,380 1,762
Taxation and social security 4,577 6,185
Other creditors 318,608 372,838
324,565 380,785

7. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 187,664

8. RELATED PARTY DISCLOSURES

Bardon Environmental Ltd
At the year end date a balance of £313,266 (2022: £371,268) was owed by Main Door Investments Ltd to Bardon Environmental Ltd.