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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
Page
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MM Partners Two Ltd Company Information for the year ended 31 December 2023
Director
Asad Khan
Company Number
12591272 (England and Wales)
Registered Office
Suite C, Bateman Court Derby DE238JQ United Kingdom
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MM Partners Two Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,292 
12,389 
Tangible assets
63,377 
77,289 
72,669 
89,678 
Current assets
Inventories
25,000 
15,000 
Debtors
3,643 
42,038 
Cash at bank and in hand
4,147 
4,134 
32,790 
61,172 
Creditors: amounts falling due within one year
(91,977)
(100,584)
Net current liabilities
(59,187)
(39,412)
Net assets
13,482 
50,266 
Capital and reserves
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
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MM Partners Two Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
16,519 
At 31 December 2023
16,519 
Amortisation
At 1 January 2023
4,130 
Charge for the year
3,097 
At 31 December 2023
7,227 
Net book value
At 31 December 2023
9,292 
At 31 December 2022
12,389 
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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 
Depreciation
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 
Net book value
At 31 December 2023
31,150 
29,423 
2,804 
63,377 
At 31 December 2022
37,988 
35,882 
3,419 
77,289 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,643 
3,441 
Amounts due from group undertakings etc.
- 
38,597 
3,643 
42,038 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
17,178 
37,460 
VAT
7,750 
10,090 
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 
Accruals
2,581 
- 
91,977 
100,584 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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