Registered number
00559017
M Goldblatt Limited
Filleted Accounts
31 December 2023
M Goldblatt Limited
Registered number: 00559017
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 511,762 511,762
Investments 4 1 1
511,763 511,763
Current assets
Investments held as current assets 5 161,115 161,115
Cash at bank and in hand 364 436
161,479 161,551
Creditors: amounts falling due within one year 6 (556,065) (547,604)
Net current liabilities (394,586) (386,053)
Net assets 117,177 125,710
Capital and reserves
Called up share capital 63,010 63,010
Profit and loss account 54,167 62,700
Shareholders' funds 117,177 125,710
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R S Goldblatt
Director
Approved by the board on 25 September 2024
M Goldblatt Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
The investment property is stated at fair value and is not subject to depreciation. Fair value is assessed by the directors at each balance sheet date. Changes in fair value are recognised in the profit and loss account as non-distributable items.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment property
£
Cost
At 1 January 2023 511,762
At 31 December 2023 511,762
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 511,762
At 31 December 2022 511,762
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 1
At 31 December 2023 1
5 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments 93,485 93,485
Unlisted investments 67,630 67,630
161,115 161,115
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 13 -
Amounts owed to related companies 521,053 523,898
Other creditors 34,999 23,706
556,065 547,604
7 Transactions with the directors
The company has afforded the directors the facility of a current account. Movements on this account are given below in summary form:
2023
£
Balance as at 01/01/23-due to directors 22,026
Net salary credited 6,396
Invested by directors 28,630
Advances to the directors (23,200)
Net personal items settled by company (592)
Balance as at 31/12/23-due to directors 33,260
8 Other information
M Goldblatt Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
66 Whitchurch Road
Cathays
Cardiff
CF14 3LX
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