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Registered Number: 06773880
England and Wales

 

 

 

MEDINA VIEW LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Accountants report You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................
Akhters Limited
64 Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
29 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,640,204    1,640,394 
1,640,204    1,640,394 
Current assets      
Stocks 1,195    1,215 
Debtors: amounts falling due within one year 115,000   
Debtors: amounts falling due after one year 1,965,366    1,173,043 
Cash at bank and in hand (270,309)   229,857 
1,811,252    1,404,115 
Creditors: amount falling due within one year (289,208)   (261,503)
Net current assets 1,522,044    1,142,612 
 
Total assets less current liabilities 3,162,248    2,783,006 
Creditors: amount falling due after more than one year (147,182)   (28,118)
Net assets 3,015,066    2,754,888 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 3,014,966    2,754,788 
Shareholder's funds 3,015,066    2,754,888 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 March 2024 and were signed on its behalf by:


-------------------------------
Mrs Shabana Akhtar
Director
2
General Information
MEDINA VIEW LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06773880, registration address 64 Castle Boulevard, Nottingham, Nottinghamshire, NG7 1FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Fixtures and Fittings 18% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
2.

Average number of employees

Average number of employees during the year was 36 (2022 : 39).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 April 2022 1,639,335    4,410    1,643,745 
Additions    
Disposals    
At 31 March 2023 1,639,335    4,410    1,643,745 
Depreciation
At 01 April 2022   3,351    3,351 
Charge for year   190    190 
On disposals    
At 31 March 2023   3,541    3,541 
Net book values
Closing balance as at 31 March 2023 1,639,335    869    1,640,204 
Opening balance as at 01 April 2022 1,639,335    1,059    1,640,394 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Medina Ltd565,000 565,000 
Medina Solutions Limited156,250 156,250 
Wilford View Ltd(2,637)395 3,032 
Dimplex Developments Ltd417,000 417,000 
Clifton View Ltd(2,324)28,756 31,080 
Wollaton View Limited515 166 681 
Medina Stapleford Ltd79,799 79,799 

The company has directors in common with Medina Ltd. At the year end, the company was owed an interest free loan from Medina Ltd, included within debtors due after more than one year.
The director and shareholder Mrs Alliya Akhtar, is also a shareholder of Medina Developments Limited, which is the 100% parent company for Medina View Limited. At the year end, the company was owed an interest free loan of from Medina Ltd, included within debtors due after more than one year.
The company has directors in common with Wilford View Ltd. At the balance sheet date, the company was owed an interest free loan from Wilford View Ltd, included within debtors due after more than one year.
The company has directors in common with Dimplex Developments Ltd. At the balance sheet date, the company was owed an interest free loan from Dimplex Developments Ltd, included within debtors due after more than one year.
The company has directors in common with Clifton View Ltd. At the balance sheet date, the company was owed an interest free loan from Clifton View Ltd, included within debtors due after more than one year.
The company has directors in common with Wollaton View Limited. At the balance sheet date, the company was owed an interest free loan from Wollaton View Limited, included within debtors due after more than one year.
The company has directors in common with Medina Stapleford Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Stapleford Ltd, included within debtors due after more than one year.
3