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REGISTERED NUMBER: 10235522 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MKM LUXE SUISSE LIMITED

MKM LUXE SUISSE LIMITED (REGISTERED NUMBER: 10235522)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MKM LUXE SUISSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr M S Makhni
Ms K Madaan
Mr S F Clifton-Welker





REGISTERED OFFICE: 31-32 High Street
Eton
Windsor
Berkshire
SL4 6AX





REGISTERED NUMBER: 10235522 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

MKM LUXE SUISSE LIMITED (REGISTERED NUMBER: 10235522)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,691 13,338

CURRENT ASSETS
Inventories 75,000 69,500
Debtors 5 31,628 45,476
Cash at bank 3,325 10,901
109,953 125,877
CREDITORS
Amounts falling due within one year 6 348,655 296,119
NET CURRENT LIABILITIES (238,702 ) (170,242 )
TOTAL ASSETS LESS CURRENT LIABILITIES (229,011 ) (156,904 )

CREDITORS
Amounts falling due after more than one
year

7

16,771

25,520
NET LIABILITIES (245,782 ) (182,424 )

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings (265,782 ) (202,424 )
SHAREHOLDERS' FUNDS (245,782 ) (182,424 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MKM LUXE SUISSE LIMITED (REGISTERED NUMBER: 10235522)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by:





Mr M S Makhni - Director


MKM LUXE SUISSE LIMITED (REGISTERED NUMBER: 10235522)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

MKM Luxe Suisse 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.

Going Concern
The accompanying financial statements have been prepared under the assumption that the company will continue as a going concern for a period in excess of 12 months from the date of these reports.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

MKM LUXE SUISSE LIMITED (REGISTERED NUMBER: 10235522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 26,550 5,919 3,046 35,515
DEPRECIATION
At 1 July 2022 17,006 3,665 1,506 22,177
Charge for year 2,386 564 697 3,647
At 30 June 2023 19,392 4,229 2,203 25,824
NET BOOK VALUE
At 30 June 2023 7,158 1,690 843 9,691
At 30 June 2022 9,544 2,254 1,540 13,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,800 16,575
Other debtors 18,562 20,512
Prepayments 2,266 8,389
31,628 45,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,444 9,613
Trade creditors 53,651 32,936
Social security and other taxes 2,048 6,545
Net wages 3,219 7,962
VAT 16,738 10,375
Intercompany loan 249,979 226,058
Pensions Payable 636 -
Directors' current accounts 12,940 2,630
348,655 296,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 16,771 17,500
Bank loans - 2-5 years - 8,020
16,771 25,520

MKM LUXE SUISSE LIMITED (REGISTERED NUMBER: 10235522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500,000 A Ordinary 2p 10,000 10,000

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
500,000 Ordinary B shares 2p 10,000 10,000

9. RELATED PARTY DISCLOSURES

Intercompany
In the year ended 30 June 2023, MKM Luxe Suisse Limited owed £249,979.43 to India House (2022:£226,057.85). They are related by virtue of the same director, Mr Makhni.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M S Makhni.