Registered number
11537868
Mmp London Limited
Filleted Accounts
31 August 2024
Mmp London Limited
Registered number: 11537868
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,123,158 2,547,979
Investments 4 176,000 176,000
4,299,158 2,723,979
Current assets
Debtors 5 1,796 48,400
Cash at bank and in hand 10,409 77,546
12,205 125,946
Creditors: amounts falling due within one year 6 (1,465,455) (1,416,926)
Net current liabilities (1,453,250) (1,290,980)
Total assets less current liabilities 2,845,908 1,432,999
Creditors: amounts falling due after more than one year 7 (2,784,073) (1,401,420)
Net assets 61,835 31,579
Capital and reserves
Called up share capital 100 100
Profit and loss account 61,735 31,479
Shareholders' funds 61,835 31,579
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.
Paolo Di Bernardo
Director
Approved by the board on 25 October 2024
Mmp London Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 2,547,979
Additions 1,575,179
At 31 August 2024 4,123,158
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 4,123,158
At 31 August 2023 2,547,979
4 Investments
Other
investments
£
Cost
At 1 September 2023 176,000
Additions -
At 31 August 2024 176,000
5 Debtors 2024 2023
£ £
Other debtors 1,796 48,400
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 1,702
Taxation and social security costs 2,453 675
Other creditors 1,463,002 1,414,549
1,465,455 1,416,926
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 2,784,073 1,401,420
8 Controlling party
Mrs Themis Di Bernardo and Paolo Di Bernardo, a company directors control the company by virtue of holding 50% of the issued share capital each.
9 Other information
Mmp London Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Clock House Parade
North Circular Road
London
N13 6BG
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