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
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
M2 Invest Ltd
Statement of financial position
as at 30 April 2024
Investment property
267,278
264,251
Inventories
565,839
520,658
Cash at bank and in hand
3,709
10
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)
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
M2 Invest Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises of rental income received from renting properties as well as sales proceeds received from development and resale of properties.
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 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 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.
Fair value at 1 May 2023
264,251
The investment properties are valued at open market value by the Directors. The original cost of the property was £267,278 (2023: £264,251).
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
-
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).