Company Registration No. 13293563 (England and Wales)
MDW Investments Ltd
Unaudited accounts
for the year ended 31 March 2024
MDW Investments Ltd
Unaudited accounts
Contents
MDW Investments Ltd
Company Information
for the year ended 31 March 2024
Company Number
13293563 (England and Wales)
Registered Office
5 Short Acre
Basildon
Essex
SS14 2LR
Accountants
Beckett Taylor Limited
63-66 Hatton Garden
London
EC1N 8LE
MDW Investments Ltd
Statement of financial position
as at 31 March 2024
Investment property
661,500
350,000
Cash at bank and in hand
13,805
451
Creditors: amounts falling due within one year
(178,294)
(78,288)
Net current liabilities
(164,489)
(77,837)
Total assets less current liabilities
497,011
272,163
Creditors: amounts falling due after more than one year
(416,600)
(191,625)
Provisions for liabilities
Deferred tax
(17,946)
(17,946)
Called up share capital
1
1
Profit and loss account
62,464
62,591
Shareholders' funds
62,465
62,592
For the year ending 31 March 2024 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 9 September 2024 and were signed on its behalf by
Mr M Wines
Director
Company Registration No. 13293563
MDW Investments Ltd
Notes to the Accounts
for the year ended 31 March 2024
MDW Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13293563. The registered office is 5 Short Acre, Basildon, Essex, SS14 2LR.
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.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 April 2023
350,000
The fair value of the investment property has been arrived at on the basis of the directors' valuation at year-end.
MDW Investments Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
177,344
76,413
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
416,600
191,625
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).