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Medical Education and Development Ltd

Unaudited Financial Statements for the Year Ended 30 January 2024






Medical Education and Development Ltd (Registered number: 09380691)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Medical Education and Development Ltd

Company Information
for the Year Ended 30 January 2024







DIRECTOR: Dr D Graham





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 09380691 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Medical Education and Development Ltd (Registered number: 09380691)

Balance Sheet
30 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,233 15,828
Investment property 5 284,365 257,365
297,598 273,193

CURRENT ASSETS
Debtors 6 32,643 1,100
Cash at bank 336,247 320,499
368,890 321,599
CREDITORS
Amounts falling due within one year 7 34,017 56,473
NET CURRENT ASSETS 334,873 265,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,471

538,319

PROVISIONS FOR LIABILITIES 15,060 7,804
NET ASSETS 617,411 530,515

CAPITAL AND RESERVES
Called up share capital 102 102
Fair value reserve 8 40,228 20,448
Retained earnings 577,081 509,965
SHAREHOLDERS' FUNDS 617,411 530,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Medical Education and Development Ltd (Registered number: 09380691)

Balance Sheet - continued
30 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 director and authorised for issue on 16 September 2024 and were signed by:





Dr D Graham - Director


Medical Education and Development Ltd (Registered number: 09380691)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Medical Education and Development Ltd 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
Turnover is generated from the sale of services and rent received.

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 - 33% on cost and 25% 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Medical Education and Development Ltd (Registered number: 09380691)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 January 2023 46,859
Additions 3,127
At 30 January 2024 49,986
DEPRECIATION
At 31 January 2023 31,031
Charge for year 5,722
At 30 January 2024 36,753
NET BOOK VALUE
At 30 January 2024 13,233
At 30 January 2023 15,828

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 January 2023 257,365
Revaluations 27,000
At 30 January 2024 284,365
NET BOOK VALUE
At 30 January 2024 284,365
At 30 January 2023 257,365

The investment properties were valued by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 32,643 1,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,561 -
Taxation and social security 31,187 40,657
Other creditors 1,269 15,816
34,017 56,473

Medical Education and Development Ltd (Registered number: 09380691)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

8. RESERVES
Fair
value
reserve
£   
At 31 January 2023 20,448
Fair value reserve 19,780

At 30 January 2024 40,228

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 January 2024 and 30 January 2023:

2024 2023
£    £   
Dr D Graham
Balance outstanding at start of year (14,638 ) 3,459
Amounts repaid - (18,097 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,643 (14,638 )

The director has confirmed that the overdrawn directors loan account will be cleared by 30 October 2024.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dr D Graham.