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REGISTERED NUMBER: 03471394 (England and Wales)




















MKM Investments Limited

Unaudited Financial Statements

for the Year Ended 5 April 2024






MKM Investments Limited (Registered number: 03471394)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MKM Investments Limited

Company Information
for the Year Ended 5 April 2024







DIRECTOR: Mrs M MacPherson





SECRETARY: Mrs M MacPherson





REGISTERED OFFICE: 61 Bridge Street
Kington
England
HR5 3DJ





REGISTERED NUMBER: 03471394 (England and Wales)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX

MKM Investments Limited (Registered number: 03471394)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,678 40,151
Investment property 5 1,159,882 1,159,882
1,194,560 1,200,033

CURRENT ASSETS
Debtors 6 5,002 120
Cash at bank 596,403 616,433
601,405 616,553
CREDITORS
Amounts falling due within one year 7 18,549 61,402
NET CURRENT ASSETS 582,856 555,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,777,416

1,755,184

PROVISIONS FOR LIABILITIES 81,348 62,866
NET ASSETS 1,696,068 1,692,318

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 268,304 268,304
Retained earnings 8 1,427,762 1,424,012
1,696,068 1,692,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Investments Limited (Registered number: 03471394)

Balance Sheet - continued
5 April 2024


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 29 August 2024 and were signed by:





Mrs M MacPherson - Director


MKM Investments Limited (Registered number: 03471394)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

MKM Investments 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 as modified by the revaluation of certain assets.

Turnover and revenue recognition
Turnover is measured at the fair value of property letting.

Revenue from property lettings is recognised when the service has been provided and all obligations to the customers under the agreement have been fulfilled.

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 etc - 25% on cost and 20% on reducing balance

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.


MKM Investments Limited (Registered number: 03471394)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. ACCOUNTING POLICIES - continued
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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The director has no concerns that the company will continue to trade for at least 12 months from the signing of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MKM Investments Limited (Registered number: 03471394)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 58,518
DEPRECIATION
At 6 April 2023 18,367
Charge for year 5,473
At 5 April 2024 23,840
NET BOOK VALUE
At 5 April 2024 34,678
At 5 April 2023 40,151

5. INVESTMENT PROPERTY

The directors has considered the fair value of the investment properties at the year end and have provided an assessment of the value based on current market conditions. Based on their knowledge of the business and the property market they have assessed the value of properties to be £1,159,882 as at 05 April 2024.

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2021 256,280
Valuation in 2023 74,882
Cost 828,720
1,159,882

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 828,720 828,720

Investment property was valued on an open market basis on 5 April 2024 by the director .

MKM Investments Limited (Registered number: 03471394)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,002 120

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 120
Taxation and social security 7,439 7,062
Other creditors 11,110 54,220
18,549 61,402

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 6 April 2023 1,424,012 268,304 1,692,316
Profit for the year 3,750 3,750
At 5 April 2024 1,427,762 268,304 1,696,066

9. RELATED PARTY DISCLOSURES

Included in "other debtors" is an amount of £5,000 (2023 - £42,060 (creditor)) due from a company controlled by M MacPherson.