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REGISTERED NUMBER: 09578944 (England and Wales)






















Menorca Properties Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Menorca Properties Limited (Registered number: 09578944)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Menorca Properties Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: T J Rix
S L Rix





REGISTERED OFFICE: 2 Humber Quays
Wellington Street West
Hull
East Yorkshire
HU1 2BN





REGISTERED NUMBER: 09578944 (England and Wales)

Menorca Properties Limited (Registered number: 09578944)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 260,000 260,000

CURRENT ASSETS
Debtors 5 120 120

CREDITORS
Amounts falling due within one year 6 20,000 20,000
NET CURRENT LIABILITIES (19,880 ) (19,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,120

240,120

CAPITAL AND RESERVES
Called up share capital 7 240,120 240,120
SHAREHOLDERS' FUNDS 240,120 240,120

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31st December 2023.

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

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th March 2024 and were signed on its behalf by:





T J Rix - Director


Menorca Properties Limited (Registered number: 09578944)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Menorca Properties Limited 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.

The company did not trade during the year ended 31st December 2023.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern
The accounts have been prepared on the going concern basis, due to the support offered to the company by its only creditor, Mr T J Rix.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 260,000
NET BOOK VALUE
At 31st December 2023 260,000
At 31st December 2022 260,000

Investment property was valued on an open market basis on 31st December 2022 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 120 120

Menorca Properties Limited (Registered number: 09578944)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 20,000 20,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
240,120 Ordinary £1 240,120 240,120

8. RELATED PARTY DISCLOSURES

Mr T J Rix, a director, is owed £20,000 by the company. This director's loan of £20,000 is interest free and is repayable on demand.