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Company Registration No. 10788930 (England and Wales)
MEGANOVA INVESTMENTS LIMITED Unaudited accounts for the year ended 31 May 2023
MEGANOVA INVESTMENTS LIMITED Unaudited accounts Contents
Page
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MEGANOVA INVESTMENTS LIMITED Company Information for the year ended 31 May 2023
Directors
Frank Cibej Mirella Wendy Vivas Blossiers
Company Number
10788930 (England and Wales)
Registered Office
18 MARTINI DRIVE ENFIELD EN3 6GW UNITED KINGDOM
Accountants
ML Accounting Services 39 The Chase Chatham Kent ME4 6UP
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MEGANOVA INVESTMENTS LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
751,867 
530,288 
Creditors: amounts falling due within one year
(5,499)
(5,371)
Net current liabilities
(5,499)
(5,371)
Total assets less current liabilities
746,368 
524,917 
Creditors: amounts falling due after more than one year
(505,712)
(319,559)
Provisions for liabilities
Deferred tax
(43,813)
(39,000)
Net assets
196,843 
166,358 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
280,123 
238,706 
Profit and loss account
(83,290)
(72,358)
Shareholders' funds
196,843 
166,358 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by
Frank Cibej Director Company Registration No. 10788930
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MEGANOVA INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
MEGANOVA INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10788930. The registered office is 18 MARTINI DRIVE, ENFIELD, EN3 6GW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 June 2022
563,553 
430 
563,983 
Additions
194,557 
1,802 
196,359 
Revaluations
41,417 
- 
41,417 
At 31 May 2023
799,527 
2,232 
801,759 
Depreciation
At 1 June 2022
33,553 
142 
33,695 
Charge for the year
10,388 
223 
10,611 
Surplus on revaluation
5,586 
- 
5,586 
At 31 May 2023
49,527 
365 
49,892 
Net book value
At 31 May 2023
750,000 
1,867 
751,867 
At 31 May 2022
530,000 
288 
530,288 
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MEGANOVA INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,846 
4,768 
Taxes and social security
53 
53 
Accruals
600 
550 
5,499 
5,371 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
225,862 
162,000 
Loans from directors
279,850 
157,559 
505,712 
319,559 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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