Registered number
12680738
MD Abbey Investments Ltd
Filleted Accounts
30 June 2023
MD Abbey Investments Ltd
Registered number: 12680738
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 130,315 130,315
Current assets
Cash at bank and in hand 3,782 3,894
Creditors: amounts falling due within one year 4 (123,774) (125,497)
Net current liabilities (119,992) (121,603)
Net assets 10,323 8,712
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 323 (1,288)
Shareholders' funds 10,323 8,712
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dariusz Lagodka
Director
Approved by the board on 14 March 2024
MD Abbey Investments Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings non-depreciating
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2022 130,315
At 30 June 2023 130,315
Depreciation
At 30 June 2023 -
Net book value
At 30 June 2023 130,315
At 30 June 2022 130,315
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 720 720
Amounts owed to group undertakings and undertakings in which the company has a participating interest 102,086 99,596
Taxation and social security costs 76 -
Other creditors 20,892 25,181
123,774 125,497
5 Other information
MD Abbey Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
49 Burnside Avenue
London
E4 8YJ
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