Registered number: 05695215 | ||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||
Prepared By: | ||||||||
Albeck Limited | ||||||||
Chartered Accountants | ||||||||
49 Mowbray Road | ||||||||
Edgware | ||||||||
Middlesex | ||||||||
HA8 8JL |
Main Dealer Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Middlesex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05695215 | ||||||||
BANKERS | ||||||||
Lloyds | ||||||||
ACCOUNTANTS | ||||||||
Albeck Limited | ||||||||
Chartered Accountants | ||||||||
49 Mowbray Road | ||||||||
Edgware | ||||||||
Middlesex | ||||||||
HA8 8JL |
Main Dealer Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED28/02/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Main Dealer Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | ||||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
465,532 | 467,030 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 103,029 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 1,207,000 | 1,212,600 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 690,099 | 678,680 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Main Dealer Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | - | |||||
3. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/03/2023 | 5 | 5 | |||||||
At 28/02/2024 | 5 | 5 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 28/02/2024 | 5 | 5 | |||||||
At 28/02/2023 | 5 | 5 | |||||||
Investments represents 5 ordinary shares in the issued share capital of Grangeweald Limited, a company registered in England and Wales. | |||||||||
Main Dealer Limited | ||||||||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/03/2023 | 1,850,000 | 1,850,000 | ||
At 28/02/2024 | 1,850,000 | 1,850,000 | ||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 6,817 | 6,062 | ||||||
Other debtors | 422,902 | 422,902 | ||||||
429,719 | 428,964 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 3,212 | 2,944 | ||||||
Bank Loan | 5,600 | 5,600 | ||||||
Other creditors | 346,372 | 353,957 | ||||||
Accruals | 1,500 | 1,500 | ||||||
356,684 | 364,001 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 7,000 | 12,600 | ||||||
Bank loans (secured) >1yr | 1,200,000 | 1,200,000 | ||||||
1,207,000 | 1,212,600 | |||||||
Main Dealer Limited | ||||||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 61,750 | 61,750 | ||||||
61,750 | 61,750 | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4 | 4 | |||||||
4 | 4 | |||||||
10. CONTROLLING PARTY | ||||||||
The company is controlled by M and N Weinberger, the directors, by virtue of the fact that, together, they holds 100% of the company's issued and called up voting share capital. | ||||||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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