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Registered Number: 01235356
England and Wales

 

 

 

MODIUS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Directors Mr Paul Constantine
Mrs Panayiota Constantine
Mr SAVVAS CONSTANTINE
Mrs Judith Constantine
Registered Number 01235356
Registered Office First Floor, Hagley Court
40 Vicarage Road
Birmingham
B15 3EZ
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road Edgbaston
Birmingham
B15 3EZ
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,521,827    1,522,163 
1,521,827    1,522,163 
Current assets      
Debtors 4 64,828    59,087 
Cash at bank and in hand 9,834    9,382 
74,662    68,469 
Creditors: amount falling due within one year 5 (25,524)   (61,000)
Net current assets 49,138    7,469 
 
Total assets less current liabilities 1,570,965    1,529,632 
Creditors: amount falling due after more than one year 6 (1,161,611)   (1,072,235)
Net assets 409,354    457,397 
 

Capital and reserves
     
Called up share capital 4    4 
Profit and loss account 409,350    457,393 
Shareholders' funds 409,354    457,397 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 August 2024 and were signed on its behalf by:


-------------------------------
Mr Paul Constantine
Director
2
General Information
Modius Limited is a private company, limited by shares, registered in England and Wales, registration number 01235356, registration address First Floor, Hagley Court, 40 Vicarage Road, Birmingham, B15 3EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 5 Years Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 December 2022 1,520,481    8,805    1,529,286 
Additions    
Disposals    
At 30 November 2023 1,520,481    8,805    1,529,286 
Depreciation
At 01 December 2022   7,123    7,123 
Charge for year   336    336 
On disposals    
At 30 November 2023   7,459    7,459 
Net book values
Closing balance as at 30 November 2023 1,520,481    1,346    1,521,827 
Opening balance as at 01 December 2022 1,520,481    1,682    1,522,163 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 61,596    55,855 
61,596    55,855 

4.

Debtors: amounts falling due after one year

2023
£
  2022
£
Trade Debtors 3,232    3,232 
3,232    3,232 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 4,324    21,450 
Corporation Tax 12,035    30,628 
Accrued Expenses 2,400   
Directors' Current Accounts 6,765    8,922 
25,524    61,000 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 757,900    621,422 
Other Creditors 403,711    450,813 
1,161,611    1,072,235 

3