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Registered Number: 11356951
England and Wales

 

 

 

MEDINA NOTTINGHAM LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 4,422,014    2,701,915 
Investments 4 1,491,840   
5,913,854    2,701,915 
Current assets      
Debtors 2,946    23,260 
Cash at bank and in hand 719    24,595 
3,665    47,855 
Creditors: amount falling due within one year (43,790)   (21,547)
Net current liabilities (40,125)   26,308 
 
Total assets less current liabilities 5,873,729    2,728,223 
Creditors: amount falling due after more than one year (5,697,563)   (2,641,381)
Net assets 176,166    86,842 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 176,066    86,742 
Shareholder's funds 176,166    86,842 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 March 2024 and were signed on its behalf by:


-------------------------------
Mr Sagheer Akhter
Director
1
General Information
Medina Nottingham Ltd is a private company, limited by shares, registered in England and Wales, registration number 11356951, registration address 64 Castle Boulevard, Nottingham, NG7 1FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

The average number of employees during the year was 2
Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2022 2,701,914    2,701,914 
Additions 1,720,100    1,720,100 
Disposals  
At 31 March 2023 4,422,014    4,422,014 
Depreciation
At 01 April 2022  
Charge for year  
On disposals  
At 31 March 2023  
Net book values
Closing balance as at 31 March 2023 4,422,014    4,422,014 
Opening balance as at 01 April 2022 2,701,915    2,701,915 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2022  
Additions 1,491,840    1,491,840 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2023 1,491,840    1,491,840 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Wollaton View Ltd(636,290)(634,859)
Medina Green Limited(1,090,410)(1,106,913)
Wollaton Development Ltd(213,151)(213,151)
Dimplex Developments Ltd(80,000)(80,000)
Wilford View Ltd(351,449)(89,120)
S & S Nottingham Ltd(240,025)
Rightpath Ltd(550,020)

The company has directors in common with Wollaton View Limited. At the balance sheet date, the company owed an interest free loan to Wollaton View Ltd, included within creditors due after more than one year.
The company has directors in common with Medina Green Limited. At the balance sheet date, the company owed an interest free loan to Medina Green Limited, included within creditors due after more than one year.
The company has directors in common with Wollaton Development Ltd. At the balance sheet date, the company owed an interest free loan to Wollaton Development Ltd, included within creditors due after more than one year.
The company has directors in common with Dimplex Developments Ltd. At the balance sheet date, the company owed an interest free loan to Dimplex Developments Ltd, included within creditors due after more than one year.
The company has directors in common with Wilford View Ltd. At the balance sheet date, the company owed an interest free loan to Wilford View Ltd, included within creditors due after more than one year.
The company has directors in common with S & S Nottingham Ltd. At the balance sheet date, the company owed an interest free loan to S & S Nottingham Ltd, included within creditors due after more than one year.
The company has directors in common with Rightpath Ltd. At the balance sheet date, the company owed an interest free loan to Rightpath Ltd, included within creditors due after more than one year.
2