IRIS Accounts Production v24.2.0.383 03793845 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037938452023-01-31037938452024-01-31037938452023-02-012024-01-31037938452022-01-31037938452022-02-012023-01-31037938452023-01-3103793845ns15:EnglandWales2023-02-012024-01-3103793845ns14:PoundSterling2023-02-012024-01-3103793845ns10:Director12023-02-012024-01-3103793845ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3103793845ns10:SmallEntities2023-02-012024-01-3103793845ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3103793845ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3103793845ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3103793845ns10:FullAccounts2023-02-012024-01-3103793845ns10:OrdinaryShareClass12023-02-012024-01-3103793845ns10:OrdinaryShareClass22023-02-012024-01-3103793845ns10:Director22023-02-012024-01-3103793845ns10:CompanySecretary12023-02-012024-01-3103793845ns10:RegisteredOffice2023-02-012024-01-3103793845ns5:CurrentFinancialInstruments2024-01-3103793845ns5:CurrentFinancialInstruments2023-01-3103793845ns5:ShareCapital2024-01-3103793845ns5:ShareCapital2023-01-3103793845ns5:RevaluationReserve2024-01-3103793845ns5:RevaluationReserve2023-01-3103793845ns5:RetainedEarningsAccumulatedLosses2024-01-3103793845ns5:RetainedEarningsAccumulatedLosses2023-01-3103793845ns5:PlantMachinery2023-01-3103793845ns5:PlantMachinery2023-02-012024-01-3103793845ns5:PlantMachinery2024-01-3103793845ns5:PlantMachinery2023-01-3103793845ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3103793845ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3103793845ns5:DeferredTaxation2023-01-3103793845ns5:DeferredTaxation2024-01-3103793845ns10:OrdinaryShareClass12024-01-3103793845ns10:OrdinaryShareClass22024-01-3103793845ns5:RevaluationReserve2023-01-31
REGISTERED NUMBER: 03793845 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

MD AND ID INVESTMENTS LIMITED

MD AND ID INVESTMENTS LIMITED (REGISTERED NUMBER: 03793845)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MD AND ID INVESTMENTS LIMITED

Company Information
for the year ended 31 January 2024







DIRECTORS: M R Davies
I M Davies





SECRETARY: I M Davies





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 03793845 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

MD AND ID INVESTMENTS LIMITED (REGISTERED NUMBER: 03793845)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 8 11
Investment property 5 1,230,000 1,230,000
1,230,008 1,230,011

CURRENT ASSETS
Debtors 6 1,281 1,697
Cash at bank 2,602 19,614
3,883 21,311
CREDITORS
Amounts falling due within one year 7 (4,426 ) (7,161 )
NET CURRENT (LIABILITIES)/ASSETS (543 ) 14,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,229,465

1,244,161

PROVISIONS FOR LIABILITIES 8 (118,347 ) (118,347 )
NET ASSETS 1,111,118 1,125,814

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 497,681 497,681
Retained earnings 612,437 627,133
SHAREHOLDERS' FUNDS 1,111,118 1,125,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MD AND ID INVESTMENTS LIMITED (REGISTERED NUMBER: 03793845)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





M R Davies - Director


MD AND ID INVESTMENTS LIMITED (REGISTERED NUMBER: 03793845)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

MD and ID 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the fair value of the consideration received or receivable and rental income is recognised on an accruals basis.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings- 25% reducing balance

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The property has been valued using an open market valuation on freehold basis, conducted annually by the director, M R Davies.

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interests in the assets of the entity after deducting all of its financial liabilities.

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.


MD AND ID INVESTMENTS LIMITED (REGISTERED NUMBER: 03793845)

Notes to the Financial Statements - continued
for the year ended 31 January 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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of it assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 825
DEPRECIATION
At 1 February 2023 814
Charge for year 3
At 31 January 2024 817
NET BOOK VALUE
At 31 January 2024 8
At 31 January 2023 11

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,230,000
NET BOOK VALUE
At 31 January 2024 1,230,000
At 31 January 2023 1,230,000

MD AND ID INVESTMENTS LIMITED (REGISTERED NUMBER: 03793845)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2012 4,750
Valuation in 2013 6,226
Valuation in 2014 18,863
Valuation in 2015 19,428
Valuation in 2016 20,012
Valuation in 2017 22,691
Valuation in 2018 152,736
Valuation in 2022 367,504
Cost 617,790
1,230,000

Investment properties were valued on an open market basis on 31 January 2024 by the director, M R Davies.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,281 1,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,321 3,154
Other creditors 3,105 4,007
4,426 7,161

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 118,347 118,347

Deferred
tax
£   
Balance at 1 February 2023 118,347
Balance at 31 January 2024 118,347

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary A 1 500 500
500 Ordinary B 1 500 500
1,000 1,000

MD AND ID INVESTMENTS LIMITED (REGISTERED NUMBER: 03793845)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

10. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 497,681

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review key management personnel advanced £nil and repaid £709 to the company. At the balance sheet date the company owed key management personnel £540 (2023 - key management personnel owed the company £170). This amount is repayable on demand and is interest free.