Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity22truetrue 08851795 2023-04-01 2024-03-31 08851795 2022-04-01 2023-03-31 08851795 2024-03-31 08851795 2023-03-31 08851795 c:Director1 2023-04-01 2024-03-31 08851795 d:FreeholdInvestmentProperty 2024-03-31 08851795 d:FreeholdInvestmentProperty 2023-03-31 08851795 d:CurrentFinancialInstruments 2024-03-31 08851795 d:CurrentFinancialInstruments 2023-03-31 08851795 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08851795 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08851795 d:ShareCapital 2024-03-31 08851795 d:ShareCapital 2023-03-31 08851795 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 08851795 d:OtherMiscellaneousReserve 2024-03-31 08851795 d:OtherMiscellaneousReserve 2023-03-31 08851795 d:RetainedEarningsAccumulatedLosses 2024-03-31 08851795 d:RetainedEarningsAccumulatedLosses 2023-03-31 08851795 c:FRS102 2023-04-01 2024-03-31 08851795 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08851795 c:FullAccounts 2023-04-01 2024-03-31 08851795 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08851795 6 2023-04-01 2024-03-31 08851795 d:OtherDeferredTax 2024-03-31 08851795 d:OtherDeferredTax 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08851795









M2 INVESTMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
M2 INVESTMENT LIMITED
REGISTERED NUMBER: 08851795

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 5 
100
100

Investment property
 6 
325,000
325,000

  
325,100
325,100

Current assets
  

Debtors: amounts falling due within one year
 7 
34,790
31,690

Cash at bank and in hand
  
4,978
596

  
39,768
32,286

Creditors: amounts falling due within one year
 8 
(284,574)
(280,761)

Net current liabilities
  
 
 
(244,806)
 
 
(248,475)

Total assets less current liabilities
  
80,294
76,625

Provisions for liabilities
  

Deferred tax
 9 
(868)
(868)

  
 
 
(868)
 
 
(868)

Net assets
  
79,426
75,757


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
 10 
29,317
29,317

Profit and loss account
 10 
50,108
46,439

  
79,426
75,757


Page 1

 
M2 INVESTMENT LIMITED
REGISTERED NUMBER: 08851795
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 October 2024.

M Dariane
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
M2 INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

M2 Investment Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 85 Great Portland Street, London W1W 7LT. The address of its principal place of business is Ground Floor Flat, 62 Eardley Road, London SW16 6BL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Currency

The company's functional and presentational currency is GBP.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of rental income
Investment properties are leased to tenants under operating leases. The rental income receivable under these leases is recognised through profit and loss on a straight-line basis over the term of the lease.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the U.K.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.5

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

Page 3

 
M2 INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Creditors are measured at the transaction price. 

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from third parties.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and  assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means  that actual outcomes could differ from those estimates. 
The following are the company's key sources of estimation uncertainty:
Revaluation of investment properties
The company carries its investment properties at fair value, with changes in fair value being recognised through profit or loss. 


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
M2 INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
100



At 31 March 2024
100





6.


Investment property


Investment property

£



Valuation


At 1 April 2023
325,000



At 31 March 2024
325,000

The valuation was made by the directors on an open market for existing use basis.




Page 5

 
M2 INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
14,990
11,890

Other debtors
19,800
19,800

34,790
31,690



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,513
-

Other creditors
281,561
279,561

Accruals
1,500
1,200

284,574
280,761



9.


Deferred taxation




2024


£






At beginning of year
(868)



At end of year
(868)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investment properties
(868)
(868)

(868)
(868)

Page 6

 
M2 INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Reserves

Other reserves

This comprises the unrealised surplus on revaluation of investment property of £30,185 (2023: £30,185) net of deferred taxation of £868 (2023: £868). 


11.


Related party transactions

At the balance sheet date, the company owed £281,561 (2023: £279,561) to the directors of the company. The loan is interest free, unsecured and repayable on demand.
At the balance sheet date, the company was owed £34,790 (2023: £31,690) by companies related through having common directors and shareholders. No interest is charged.

 
Page 7