Company Registration No. 14447544 (England and Wales)
MBTOO Limited
Unaudited accounts
for the period from 27 October 2022 to 31 October 2023
MBTOO Limited
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
35,041
Creditors: amounts falling due within one year
(13,066)
Total assets less current liabilities
764,178
Provisions for liabilities
Called up share capital
76,580
Profit and loss account
625,397
Shareholders' funds
701,977
For the period ending 31 October 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 director acknowledges her 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 and authorised for issue on 21 March 2024 and were signed on its behalf by
Joanna Nuttall
Director
Company Registration No. 14447544
MBTOO Limited
Notes to the Accounts
for the period from 27 October 2022 to 31 October 2023
MBTOO Limited is a private company, limited by shares, registered in England and Wales, registration number 14447544. The registered office is 51 De Moulham Road, Swanage, Dorset , BH19 1NX, 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 period, 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.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be measured reliably. Turnover comprises dividend income received from investments.
Investments in shares are included at fair value with changes in fair value recognised through the profit and loss account.
The director believes that the company MBTOO Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Investments
Other investments
Valuation at 27 October 2022
-
Fair value adjustments
448,934
Valuation at 31 October 2023
742,203
MBTOO Limited
Notes to the Accounts
for the period from 27 October 2022 to 31 October 2023
5
Creditors: amounts falling due within one year
2023
Loans from directors
11,866
Accelerated capital allowances
62,201
Charged to the profit and loss account
62,201
Provision at end of period
62,201
Allotted, called up and fully paid:
76,580 Ordinary shares of £1 each
76,580
Shares issued during the period:
76,580 Ordinary shares of £1 each
76,580
8
Average number of employees
During the period the average number of employees was 0.