Company Registration No. 12591272 (England and Wales)
MM Partners Two Ltd
Unaudited accounts
for the year ended 31 December 2023
MM Partners Two Ltd
Unaudited accounts
Contents
MM Partners Two Ltd
Company Information
for the year ended 31 December 2023
Company Number
12591272 (England and Wales)
Registered Office
Suite C, Bateman Court
Derby
DE238JQ
United Kingdom
MM Partners Two Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
9,292
12,389
Tangible assets
63,377
77,289
Cash at bank and in hand
4,147
4,134
Creditors: amounts falling due within one year
(91,977)
(100,584)
Net current liabilities
(59,187)
(39,412)
Called up share capital
3
3
Profit and loss account
13,479
50,263
Shareholders' funds
13,482
50,266
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 15 November 2024 and were signed on its behalf by
Asad Khan
Director
Company Registration No. 12591272
MM Partners Two Ltd
Notes to the Accounts
for the year ended 31 December 2023
MM Partners Two Ltd is a private company, limited by shares, registered in England and Wales, registration number 12591272. The registered office is Suite C, Bateman Court, Derby, DE238JQ, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2023
16,519
At 31 December 2022
12,389
MM Partners Two Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
46,327
43,758
4,170
94,255
At 31 December 2023
46,327
43,758
4,170
94,255
At 1 January 2023
8,339
7,876
751
16,966
Charge for the year
6,838
6,459
615
13,912
At 31 December 2023
15,177
14,335
1,366
30,878
At 31 December 2023
31,150
29,423
2,804
63,377
At 31 December 2022
37,988
35,882
3,419
77,289
Amounts falling due within one year
Amounts due from group undertakings etc.
-
38,597
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
17,178
37,460
Trade creditors
3,327
11,734
Amounts owed to group undertakings and other participating interests
24,377
27,200
Taxes and social security
29,812
4,497
Other creditors
6,952
4,303
Loans from directors
-
5,300
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).