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REGISTERED NUMBER: SC371086 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MM ACCOUNTANTS LTD

MM ACCOUNTANTS LTD (REGISTERED NUMBER: SC371086)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MM ACCOUNTANTS LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: R Murray
A Wilson





REGISTERED OFFICE: Bankhead Drive
City South Office park
Portlethen
Aberdeen
Aberdeenshire
AB12 4XX





REGISTERED NUMBER: SC371086 (Scotland)






MM ACCOUNTANTS LTD (REGISTERED NUMBER: SC371086)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 143,528 72,322

CURRENT ASSETS
Debtors 6 200,598 95,725
Cash at bank 1,341 734
201,939 96,459
CREDITORS
Amounts falling due within one year 7 330,568 145,787
NET CURRENT LIABILITIES (128,629 ) (49,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,899

22,994

CREDITORS
Amounts falling due after more than one year 8 14,667 22,667
NET ASSETS 232 327

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 226 321
SHAREHOLDERS' FUNDS 232 327

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 11 October 2024 and were signed on its behalf by:





R Murray - Director


MM ACCOUNTANTS LTD (REGISTERED NUMBER: SC371086)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

MM Accountants Ltd is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The directors confirm that it is appropriate for the financial statements to have been drawn up on the going concern basis. In reaching this conclusion the directors have taken into account all relevant matters of which they are aware and have considered a future period of at least twelve months from the date on which the financial statements were approved.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 statement of financial position date.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 822,322
Additions 71,206
At 30 April 2024 893,528
PROVISIONS
At 1 May 2023
and 30 April 2024 750,000
NET BOOK VALUE
At 30 April 2024 143,528
At 30 April 2023 72,322

MM ACCOUNTANTS LTD (REGISTERED NUMBER: SC371086)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 200,598 60,725
Other debtors - 35,000
200,598 95,725

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Amounts owed to group undertakings 314,596 137,787
Other creditors 7,972 -
330,568 145,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,667 22,667