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
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
MEGANOVA INVESTMENTS LIMITED
Statement of financial position
as at 31 May 2023
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
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
MEGANOVA INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 May 2023
750,000
1,867
751,867
At 31 May 2022
530,000
288
530,288
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
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
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).