Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse22023-04-01No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13228068 2023-04-01 2024-03-31 13228068 2022-04-01 2023-03-31 13228068 2024-03-31 13228068 2023-03-31 13228068 c:Director2 2023-04-01 2024-03-31 13228068 d:FurnitureFittings 2023-04-01 2024-03-31 13228068 d:FurnitureFittings 2024-03-31 13228068 d:FurnitureFittings 2023-03-31 13228068 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13228068 d:CurrentFinancialInstruments 2024-03-31 13228068 d:CurrentFinancialInstruments 2023-03-31 13228068 d:Non-currentFinancialInstruments 2024-03-31 13228068 d:Non-currentFinancialInstruments 2023-03-31 13228068 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13228068 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13228068 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13228068 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13228068 d:ShareCapital 2024-03-31 13228068 d:ShareCapital 2023-03-31 13228068 d:RetainedEarningsAccumulatedLosses 2024-03-31 13228068 d:RetainedEarningsAccumulatedLosses 2023-03-31 13228068 c:FRS102 2023-04-01 2024-03-31 13228068 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13228068 c:FullAccounts 2023-04-01 2024-03-31 13228068 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13228068









M2 INVESTMENT (EARDLEY ROAD) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
M2 INVESTMENT (EARDLEY ROAD) LIMITED
REGISTERED NUMBER: 13228068

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
3,939
4,924

Investments
 5 
470,000
470,000

  
473,939
474,924

Current assets
  

Debtors: amounts falling due within one year
 6 
6,669
6,623

Cash at bank and in hand
  
947
2,746

  
7,616
9,369

Creditors: amounts falling due within one year
 7 
(40,713)
(36,683)

Net current liabilities
  
 
 
(33,097)
 
 
(27,314)

Total assets less current liabilities
  
440,842
447,610

Creditors: amounts falling due after more than one year
 8 
(508,985)
(508,985)

  

Net liabilities
  
(68,143)
(61,375)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(68,243)
(61,475)

  
(68,143)
(61,375)


Page 1

 
M2 INVESTMENT (EARDLEY ROAD) LIMITED
REGISTERED NUMBER: 13228068
    
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 (EARDLEY ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

M2 Investment (Eardley Road) Limited is a private company limited by shares and registered in England & Wales. The registered office address is 85 Great Portland Street, London W1W 7LT and the principal place of business is Flat 16, 22 Gwynne Road, London SW11 3GL.

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

Going concern

Notwithstanding the balance sheet deficit at the period end date, these accounts are prepared on the basis that the company will continue to be a going concern for the indefinite future given the continuing support of its major creditor and shareholders. 

 
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.

Revenue comprises rental income generated from the company's investment properties.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Furniture and equipment
-
20%
per annum on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
M2 INVESTMENT (EARDLEY ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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 profit or loss.

 
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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, loans from banks and other third parties and loans to related parties.


3.


Employees

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

Page 4

 
M2 INVESTMENT (EARDLEY ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Furniture and equipment

£



Cost or valuation


At 1 April 2023
6,154



At 31 March 2024

6,154



Depreciation


At 1 April 2023
1,230


Charge for the year on owned assets
985



At 31 March 2024

2,215



Net book value



At 31 March 2024
3,939



At 31 March 2023
4,924


5.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 April 2023
470,000



At 31 March 2024
470,000




The company's investment properties are valued by the directors at open market value.

Page 5

 
M2 INVESTMENT (EARDLEY ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
6,000
6,033

Prepayments
669
590

6,669
6,623



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,153
1,093

Amounts owed to group undertakings
14,990
11,890

Other creditors
23,400
22,500

Accruals
1,170
1,200

40,713
36,683



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank and other loans
508,985
508,985

508,985
508,985


The following liabilities were secured:

2024
2023
£
£



Bank and other loans
508,985
508,985

508,985
508,985

Details of security provided:

Loans are provided by Lendco and Paragon and are secured on property owned by the company and the parent company respectively.

Page 6

 
M2 INVESTMENT (EARDLEY ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Transactions with directors

At the year end the company owed the directors £23,400 (2023 : £22,500)


10.


Related party transactions

At the year end the company was owed £6,000 (2023: £6,000) by a company related by virtue of having the same directors and shareholders. The loan is unsecured, interest free and is repayable upon demand.


11.


Controlling party

The parent company is M2 Investment Limited.

 
Page 7