M&M AKBEROM PROPERTY INVESTMENT LTD

Company Registration Number:
07593756 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

M&M AKBEROM PROPERTY INVESTMENT LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

M&M AKBEROM PROPERTY INVESTMENT LTD

Company Information

for the Period Ended 31 July 2023




Director: Fanus Ghebremeskel
Registered office: 15 Lickey House
243 North End Road
London
England
W14 9UQ
Company Registration Number: 07593756 (England and Wales)

M&M AKBEROM PROPERTY INVESTMENT LTD

Directors' Report Period Ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal Activities

Letting a property owned by the company

Directors

The director(s) shown below were appointed to the company during the period
Fanus Ghebremeskel
01 September 2022

This report was approved by the board of directors on 7 January 2024
And Signed On Behalf Of The Board By:

Name: Fanus Ghebremeskel
Status: Director

M&M AKBEROM PROPERTY INVESTMENT LTD

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 2,775,000 2,775,000
Total fixed assets: 2,775,000 2,775,000
Current assets
Cash at bank and in hand: 77,735 401,848
Total current assets: 77,735 401,848
Creditors: amounts falling due within one year: 5 ( 2,666 ) ( 5,361 )
Net current assets (liabilities): 75,069 396,487
Total assets less current liabilities: 2,850,069 3,171,487
Creditors: amounts falling due after more than one year: 6 ( 1,305,736 ) ( 1,519,624 )
Total net assets (liabilities): 1,544,333 1,651,863

The notes form part of these financial statements

M&M AKBEROM PROPERTY INVESTMENT LTD

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve: 7 1,580,000 1,580,000
Profit and loss account: ( 36,667 ) 70,863
Shareholders funds: 1,544,333 1,651,863

For the year ending 31 July 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 7 January 2024
And Signed On Behalf Of The Board By:

Name: Fanus Ghebremeskel
Status: Director

The notes form part of these financial statements

M&M AKBEROM PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

M&M AKBEROM PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

M&M AKBEROM PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

M&M AKBEROM PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 August 2022 2,775,000 2,775,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 2,775,000 2,775,000
Depreciation
At 01 August 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 July 2023 - -
Net book value
At 31 July 2023 2,775,000 2,775,000
At 31 July 2022 2,775,000 2,775,000

M&M AKBEROM PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 2,666 5,361
Total 2,666 5,361

M&M AKBEROM PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 1,305,736 1,519,624
Total 1,305,736 1,519,624

M&M AKBEROM PROPERTY INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

7. Revaluation reserve


2023
£
Balance at 01 August 2022 1,580,000
Surplus or deficit after revaluation 0
Balance at 31 July 2023 1,580,000