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REGISTERED NUMBER: 11730029 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


FOR



MM5 INVESTMENTS LTD


MM5 INVESTMENTS LTD (REGISTERED NUMBER: 11730029)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023











Page



Company Information  

1



Report of the Accountants  

2



Balance Sheet  

3



Notes to the Financial Statements  

5




MM5 INVESTMENTS LTD


COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023









DIRECTOR:

Mr Miheer Mehta







REGISTERED OFFICE:

505 Pinner Road


Harrow


Middlesex


HA2 6EH







REGISTERED NUMBER:

11730029 (England and Wales)







ACCOUNTANTS:

STGCA LLP t/a Sterling


Chartered Accountants


505 Pinner Road


Harrow


Middlesex


HA2 6EH


MM5 INVESTMENTS LTD


REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF

MM5 INVESTMENTS LTD



The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.  


In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.  







STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH



2 August 2024


MM5 INVESTMENTS LTD (REGISTERED NUMBER: 11730029)


BALANCE SHEET

31 MARCH 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Investment property

4

6,371,826


4,971,826




CURRENT ASSETS

Debtors

5

110,658


99,402



Cash at bank

14,722


7,088



125,380


106,490



CREDITORS

Amounts falling due within one year

6

1,375,966


1,347,504



NET CURRENT LIABILITIES

(1,250,586

)

(1,241,014

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

5,121,240


3,730,812




CREDITORS

Amounts falling due after more than one year

7

(4,705,500

)

(3,743,000

)



PROVISIONS FOR LIABILITIES

9

(87,048

)

-



NET ASSETS/(LIABILITIES)

328,692


(12,188

)



CAPITAL AND RESERVES

Called up share capital

1


1



Revaluation reserve

10

371,098


-



Retained earnings

10

(42,407

)

(12,189

)


SHAREHOLDERS' FUNDS

328,692


(12,188

)



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.  


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


The director acknowledges his 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.


MM5 INVESTMENTS LTD (REGISTERED NUMBER: 11730029)


BALANCE SHEET - continued

31 MARCH 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 director and authorised for issue on 1 August 2024 and were signed by:






Mr Miheer Mehta - Director



MM5 INVESTMENTS LTD (REGISTERED NUMBER: 11730029)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023



1.

STATUTORY INFORMATION



MM5 Investments Ltd 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 as modified by the revaluation of certain assets.    



Turnover


Turnover represents rent receivable, net of value added tax.



Turnover is recognised when the company has a right to consideration.



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.


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 balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2022 - 1 ) .


MM5 INVESTMENTS LTD (REGISTERED NUMBER: 11730029)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023



4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 April 2022

4,971,826




Additions

941,854




Revaluations

458,146




At 31 March 2023

6,371,826




NET BOOK VALUE


At 31 March 2023

6,371,826




At 31 March 2022

4,971,826





In the opinion of the director the fair value of the investment properties as at 31 March 2023 is not significantly different to that stated above.


5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Amounts owed by connected companies

350


5,456




Other debtors

110,308


93,946



110,658


99,402




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Amounts owed to connected companies

1,360,389


1,335,465




Directors' current accounts

2,996


-




Accruals and deferred income

12,581


12,039



1,375,966


1,347,504




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2023

2022


£   

£   



Bank loans more 5 yrs non-inst

4,705,500


3,743,000





Amounts falling due in more than five years:



Repayable otherwise than by instalments


Bank loans more 5 yrs non-inst

4,705,500


3,743,000




MM5 INVESTMENTS LTD (REGISTERED NUMBER: 11730029)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023



8.

SECURED DEBTS



The following secured debts are included within creditors:


2023

2022


£   

£   



Bank loans

4,705,500


3,743,000





The bank loans are secured by a fixed charge over the investment properties of the company and a guarantee from the director limited to the amount of bank loans. The rate of interest charged is 3.79% per annum. The bank loans are repayable by November 2029.


9.

PROVISIONS FOR LIABILITIES

2023

2022


£   

£   



Deferred tax

87,048


-





Deferred



tax


£   



Provided during year

87,048




Balance at 31 March 2023

87,048




10.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 April 2022

(12,189

)

-


(12,189

)



Profit for the year

340,880


340,880




Fair value adjustment

(371,098

)

371,098


-




At 31 March 2023

(42,407

)

371,098


328,691





Retained earnings is made of undistributable profit and loss reserves of £371,098 (2022: £NIL).


11.

RELATED PARTY DISCLOSURES



The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


12.

ULTIMATE CONTROLLING PARTY



The company is a subsidiary of Emperor Property (Group) Limited, a company registered in England and Wales.



The director is the ultimate controller by virtue of his shareholding in Emperor Property (Group) Limited.