Registered number
14412609
62 Mall Management Limited
Filleted Accounts
31 October 2024
62 Mall Management Limited
Registered number: 14412609
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,396 1,570
Tangible assets 4 11,934 3,307
13,330 4,877
Current assets
Debtors 5 79,593 63,299
Cash at bank and in hand 62,849 59,641
142,442 122,940
Creditors: amounts falling due within one year 6 (37,869) (64,736)
Net current assets 104,573 58,204
Total assets less current liabilities 117,903 63,081
Creditors: amounts falling due after more than one year 7 (38,700) (38,450)
Net assets 79,203 24,631
Capital and reserves
Called up share capital 200 200
Profit and loss account 79,003 24,431
Shareholders' funds 79,203 24,631
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ziaullah Ziaullah
Director
Approved by the board on 18 November 2024
62 Mall Management Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment RBM 20%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Intangible fixed assets £
Stamp Duty:
Cost
At 1 November 2023 1,744
At 31 October 2024 1,744
Amortisation
At 1 November 2023 174
Provided during the year 174
At 31 October 2024 348
Net book value
At 31 October 2024 1,396
At 31 October 2023 1,570
Stamp Duty on Short lease [10 Years] has been apportioned into rent and the capital portion using the premium formula for leases. Capital portion of Stamp Duty is being written off/amortised in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 4,134
Additions 12,605
At 31 October 2024 16,739
Depreciation
At 1 November 2023 827
Charge for the year 3,978
At 31 October 2024 4,805
Net book value
At 31 October 2024 11,934
At 31 October 2023 3,307
5 Debtors 2024 2023
£ £
Trade debtors 6,700 6,750
Prepayments 72,893 56,549
79,593 63,299
6 Creditors: amounts falling due within one year 2024 2023
£ £
Director account(Saeed Zaman) - 30,000
Director account(Ziaullah) - 30,000
Director's account 136 136
Taxation and social security costs 36,701 4,600
Other creditors 1,032 -
37,869 64,736
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors [Tenants' deposit] 38,700 38,450
8 Other information
62 Mall Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Wagney Road
Chadwell Heath, Essex
United Kingdom
RM6 4DD
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