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REGISTERED NUMBER: 07593411 (England and Wales)















MENLO PARK
DESIGN BUSINESS MANAGEMENT LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






MENLO PARK
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MENLO PARK
DESIGN BUSINESS MANAGEMENT LIMITED

Company Information
for the year ended 31 December 2023







Directors: K J Gray
E J Gray





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07593411 (England and Wales)





Accountants: Cooper Parry Advisory Limited
178 Buckingham Avenue
Slough
Berkshire
SL1 4RD

MENLO PARK
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
Current assets
Debtors 5 1,054 34
Cash at bank 2,033 26,151
3,087 26,185
Creditors
Amounts falling due within one year 6 (3,323 ) (21,926 )
Net current (liabilities)/assets (236 ) 4,259
Total assets less current liabilities (236 ) 4,259

Capital and reserves
Called up share capital 7 2 2
Retained earnings 8 (238 ) 4,257
Shareholders' funds (236 ) 4,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 25 September 2024 and were signed on its behalf by:





K J Gray - Director


MENLO PARK
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Menlo Park Design Business Management 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.

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.

Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence, the directors continue to adopt the going concern basis of accounting in preparing the the financial statements.

MENLO PARK
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2023 3,371
Disposals (3,371 )
At 31 December 2023 -
Depreciation
At 1 January 2023 3,371
Eliminated on disposal (3,371 )
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Debtors: amounts falling due within one year
2023 2022
£ £
Tax 1,054 -
VAT - 34
1,054 34

6. Creditors: amounts falling due within one year
2023 2022
£ £
Tax - 1,747
Other creditors 1,539 19,479
Accruals and deferred income 1,784 700
3,323 21,926

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

MENLO PARK
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Reserves
Retained
earnings
£

At 1 January 2023 4,257
Deficit for the year (4,495 )
At 31 December 2023 (238 )

9. Ultimate controlling party

The ultimate controlling party is K J Gray and E J Gray.