Company registration number 08586999 (England and Wales)
MKR ASSETS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
MKR ASSETS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
MKR ASSETS LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF MKR ASSETS LTD
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MKR Assets Ltd for the year ended 31 May 2023, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of MKR Assets Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MKR Assets Ltd and state those matters that we have agreed to state to the board of directors of MKR Assets Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MKR Assets Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that MKR Assets Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that MKR Assets Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of MKR Assets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
27 February 2024
MKR ASSETS LTD
BALANCE SHEET
- 2 -
2023
2022
£
£
£
£
Fixed assets
282,047
370,088
Current assets
58,654
129,754
Prepayments and accrued income
26
538
Creditors: amounts falling due within one year
(122,159)
(125,978)
Net current (liabilities)/assets
(63,479)
4,314
Total assets less current liabilities
218,568
374,402
Creditors: amounts falling due after more than one year
(136,761)
(185,010)
Accruals and deferred income
(45)
Net assets
81,807
189,347
Capital and reserves
81,807
189,347
Notes to the financial statements
1
Shareholders' benefits: advances, credit and guarantees
Shareholders
At the balance sheet date amounts owed to the shareholders amounted to £54,552 (2022: £39,035).
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
MKR ASSETS LTD
BALANCE SHEET (CONTINUED)
- 3 -
MKR Assets Ltd is a private company limited by shares incorporated in England and Wales.
For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 February 2024 and are signed on its behalf by:
..............................................
T Hill
Director
Company registration number 08586999 (England and Wales)