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Company Registration No. 14036524 (England and Wales)
M2 Invest Ltd Unaudited accounts for the year ended 30 April 2024
M2 Invest Ltd Unaudited accounts Contents
Page
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M2 Invest Ltd Company Information for the year ended 30 April 2024
Directors
Mr M Galysa Mr M Tomczyk
Company Number
14036524 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ
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M2 Invest Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
267,278 
264,251 
Current assets
Inventories
565,839 
520,658 
Cash at bank and in hand
3,709 
10 
569,548 
520,668 
Creditors: amounts falling due within one year
(4,072)
(600)
Net current assets
565,476 
520,068 
Total assets less current liabilities
832,754 
784,319 
Creditors: amounts falling due after more than one year
(817,597)
(786,539)
Net assets/(liabilities)
15,157 
(2,220)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,057 
(2,320)
Shareholders' funds
15,157 
(2,220)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
Mr M Galysa Director Company Registration No. 14036524
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M2 Invest Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
M2 Invest Ltd is a private company, limited by shares, registered in England and Wales, registration number 14036524. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises of rental income received from renting properties as well as sales proceeds received from development and resale of properties.
Investment property
The investment properties are shown at its fair value as estimated by the Director. Any movement in fair value is recognised in the fair value reserve.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
264,251 
Additions
3,027 
At 30 April 2024
267,278 
The investment properties are valued at open market value by the Directors. The original cost of the property was £267,278 (2023: £264,251).
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M2 Invest Ltd Notes to the Accounts for the year ended 30 April 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,532 
- 
Accruals
540 
600 
4,072 
600 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
817,597 
786,539 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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