Company Registration No. 10534161 (England and Wales)
MULTIPLY INVESTMENTS LTD
Unaudited accounts
for the year ended 30 November 2023
MULTIPLY INVESTMENTS LTD
Unaudited accounts
Contents
MULTIPLY INVESTMENTS LTD
Company Information
for the year ended 30 November 2023
Company Number
10534161 (England and Wales)
Registered Office
KINGSBRIDGE HOUSE
130 MARSH ROAD
LONDON
HA5 5LX
UNITED KINGDOM
MULTIPLY INVESTMENTS LTD
Statement of financial position
as at 30 November 2023
Investment property
475,001
475,001
Cash at bank and in hand
3,792
1,407
Creditors: amounts falling due within one year
(91,353)
(94,598)
Net current liabilities
(87,021)
(92,799)
Total assets less current liabilities
387,980
382,202
Creditors: amounts falling due after more than one year
(335,980)
(335,980)
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
51,967
46,189
Shareholders' funds
51,977
46,199
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 29 August 2024 and were signed on its behalf by
Amit Sagar
Director
Company Registration No. 10534161
MULTIPLY INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
MULTIPLY INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 10534161. The registered office is KINGSBRIDGE HOUSE, 130 MARSH ROAD, LONDON, HA5 5LX, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The directors have considered the appropriateness of preparing the financial statements on the going concern basis.
Shareholder support has been forthcoming and the directors also consider that there would be no material difference were the accounts to be prepared on any other basis.
MULTIPLY INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
909
9,532
10,441
At 30 November 2023
909
9,532
10,441
At 1 December 2022
909
9,532
10,441
At 30 November 2023
909
9,532
10,441
Fair value at 1 December 2022
475,001
At 30 November 2023
475,001
Investment Property has been stated at market value and no depreciation has been provided for.
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,682
3,527
Other creditors
6,900
4,000
Loans from directors
82,771
87,071
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
335,980
335,980
MULTIPLY INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
87,071
-
-
87,071
Amit Sagar, a director and shareholder of the company was owed to him by the company £87,071 at the year end (2021: £428,104).
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).