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REGISTERED NUMBER: 09450630 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MM10 INVESTMENTS LTD

MM10 INVESTMENTS LTD (REGISTERED NUMBER: 09450630)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Report of the Accountants 2

Statement of Financial Position 3

Notes to the Financial Statements 5


MM10 INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M Mehta





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 09450630 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

MM10 INVESTMENTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
MM10 INVESTMENTS LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


21 February 2024

MM10 INVESTMENTS LTD (REGISTERED NUMBER: 09450630)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 490,000 490,000

CURRENT ASSETS
Debtors 5 - 140,029
Cash at bank 1,000 2,351
1,000 142,380
CREDITORS
Amounts falling due within one year 6 68,651 201,971
NET CURRENT LIABILITIES (67,651 ) (59,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,349

430,409

CREDITORS
Amounts falling due after more than one year 7 (341,550 ) (341,049 )

PROVISIONS FOR LIABILITIES (11,500 ) (11,500 )
NET ASSETS 69,299 77,860

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 69,297 77,858
SHAREHOLDERS' FUNDS 69,299 77,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MM10 INVESTMENTS LTD (REGISTERED NUMBER: 09450630)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


The 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 February 2024 and were signed by:





M Mehta - Director


MM10 INVESTMENTS LTD (REGISTERED NUMBER: 09450630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

MM10 Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents revenue recognised by the company in respect of property rental income, exclusive of VAT.

Investment property
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MM10 INVESTMENTS LTD (REGISTERED NUMBER: 09450630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 490,000
NET BOOK VALUE
At 31 March 2023 490,000
At 31 March 2022 490,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2016 30,411
Valuation in 2018 55,077
Cost 404,512
490,000

In the opinion of the director the fair value of the investment properties as at 31 March 2023 is not significantly different to that stated above.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 950
Amounts owed by connected companies - 139,079
- 140,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 189,111
Amounts owed to connected companies 54,082 -
Directors' current accounts 11,840 -
Accrued expenses 2,729 12,860
68,651 201,971

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 341,550 341,049

MM10 INVESTMENTS LTD (REGISTERED NUMBER: 09450630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 341,550 341,049

8. SECURED DEBTS

The bank loans are secured by way of a legal charge over the company's investment properties.

The bank loans are repayable in full at the end of the loan term which varies between ten and twenty years from April 2016. The rate of interest varies between 4.34% to 4.50% per annum.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary share capital 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 April 2022 77,858
Deficit for the year (8,561 )
At 31 March 2023 69,297

Retained earnings includes undistributable profit and loss reserve of £75,123 (2022: £75,123) relating to revaluation of investment properties.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £11,840 (2022: £Nil) to the director.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end the company was owed £54,082 (2022: £100,659 by) to Sterling Rose Developments Limited, a company in which the director has a beneficial interest.The amount owed is repayable on demand and interest free.

MM10 INVESTMENTS LTD (REGISTERED NUMBER: 09450630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


13. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Emperor Property (Group) Limited, a company registered in England and Wales.

The director is the ultimate controller by virtue of his shareholding in Emperor Property (Group) Limited.