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Company Registration No. 12961840 (England and Wales)
M&M Family Investments LTD Unaudited accounts for the year ended 31 October 2023
M&M Family Investments LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
200,000 
156,759 
Current assets
Debtors
246 
196 
Cash at bank and in hand
6,424 
3,415 
6,670 
3,611 
Creditors: amounts falling due within one year
(2,031)
(1,426)
Net current assets
4,639 
2,185 
Total assets less current liabilities
204,639 
158,944 
Creditors: amounts falling due after more than one year
(157,415)
(157,415)
Provisions for liabilities
Deferred tax
(10,378)
- 
Net assets
36,846 
1,529 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
36,746 
1,429 
Shareholders' funds
36,846 
1,529 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Reemesh Vinod Patel Director Company Registration No. 12961840
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M&M Family Investments LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
M&M Family Investments LTD is a private company, limited by shares, registered in England and Wales, registration number 12961840. The registered office is First Floor Offices, 25 Sanders Road, Finedon Road Industrial Estate, Wellingborough, Northants, NN8 4NL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents gross rent due and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
156,759 
Net gain from fair value adjustments
43,241 
At 31 October 2023
200,000 
There has been no valuation of investment property by an independent valuer. The directors have valued the property and believe they are valued at fair value. The historic cost of the property was £156,759 (2022 £156,759)
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
246 
196 
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M&M Family Investments LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
40 
- 
Taxes and social security
576 
364 
Loans from directors
1,055 
702 
Accruals
360 
360 
2,031 
1,426 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
112,415 
112,415 
Loans from directors
45,000 
45,000 
157,415 
157,415 
The bank loan is secured against the investment property.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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