IRIS Accounts Production v24.3.0.553 11372719 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113727192022-05-31113727192023-05-31113727192022-06-012023-05-31113727192021-05-31113727192021-06-012022-05-31113727192022-05-3111372719ns15:EnglandWales2022-06-012023-05-3111372719ns14:PoundSterling2022-06-012023-05-3111372719ns10:Director12022-06-012023-05-3111372719ns10:Director22022-06-012023-05-3111372719ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111372719ns10:SmallEntities2022-06-012023-05-3111372719ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3111372719ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111372719ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3111372719ns10:FullAccounts2022-06-012023-05-3111372719ns10:OrdinaryShareClass12022-06-012023-05-3111372719ns10:RegisteredOffice2022-06-012023-05-3111372719ns5:CurrentFinancialInstruments2023-05-3111372719ns5:CurrentFinancialInstruments2022-05-3111372719ns5:Non-currentFinancialInstruments2023-05-3111372719ns5:Non-currentFinancialInstruments2022-05-3111372719ns5:ShareCapital2023-05-3111372719ns5:ShareCapital2022-05-3111372719ns5:RetainedEarningsAccumulatedLosses2023-05-3111372719ns5:RetainedEarningsAccumulatedLosses2022-05-3111372719ns5:Secured2023-05-3111372719ns5:Secured2022-05-3111372719ns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 11372719 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Mcm Real Estate Ventures Ltd

Mcm Real Estate Ventures Ltd (Registered number: 11372719)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mcm Real Estate Ventures Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr Christopher James Mole
Mrs Monique Angenieta Van Wezel-Mole





REGISTERED OFFICE: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE





REGISTERED NUMBER: 11372719 (England and Wales)






Mcm Real Estate Ventures Ltd (Registered number: 11372719)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,270,000 -

CURRENT ASSETS
Inventories - 1,340,000
Debtors 5 300 77,628
Cash at bank and in hand 4,193 26,697
4,493 1,444,325
CREDITORS
Amounts falling due within one year 6 1,343,318 1,347,598
NET CURRENT (LIABILITIES)/ASSETS (1,338,825 ) 96,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

(68,825

)

96,727

CREDITORS
Amounts falling due after more than
one year

7

360,744

402,820
NET LIABILITIES (429,569 ) (306,093 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (429,669 ) (306,193 )
SHAREHOLDERS' FUNDS (429,569 ) (306,093 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mcm Real Estate Ventures Ltd (Registered number: 11372719)

Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:




Mr Christopher James Mole - Director



Mrs Monique Angenieta Van Wezel-Mole - Director


Mcm Real Estate Ventures Ltd (Registered number: 11372719)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Mcm Real Estate Ventures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stock representing properties intended for resale is valued at the lower of cost and estimated selling price less costs to complete and sell. Costs incurred in refurbishing properties to the resale standard are included in the cost of each property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Mcm Real Estate Ventures Ltd (Registered number: 11372719)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company has net liabilities of £429,569. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,340,000
Impairments (70,000 )
At 31 May 2023 1,270,000
NET BOOK VALUE
At 31 May 2023 1,270,000

Investment property situated at 33 Elvaston Way, Tilehurst, Reading, RG30 4LX is under a charge from Hampshire Trust Bank PLC. The charge was created on 03 July 2020.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by participating interests 300 77,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 21,037 -
Taxation and social security 3,049 311
Other creditors 1,319,232 1,347,287
1,343,318 1,347,598

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 360,744 402,820

Mcm Real Estate Ventures Ltd (Registered number: 11372719)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 381,781 -

The loan amounting to £242,744 is secured by the way of charge on the property situated at 33 Elvaston Way, Tilehurst, Reading, RG30 4LX (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 03 July 2020.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company owes £1,316,202 (2022: £1,343,327) to its directors as at balance sheet date.

The company was owed £300 as at accounting year end date from MCM Real Estate Ltd, a company registered in United Kingdom (Company registered number: 11373127). Mr Christopher James and Mrs Monique Angenieta Van Wezel-Mole are also directors of this company.