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Registered number: 13001052

Media Developments (Nailsea) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Media Developments (Nailsea) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
R F Love
Paul O'Brien
Dave Senior
Toby Searchfield
REGISTERED OFFICE
Holly House, 21d Chudleigh Road
Alphington
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13001052
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Media Developments (Nailsea) Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Media Developments (Nailsea) Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
CURRENT ASSETS
Stock896,000778,500
Debtors44,007-
Cash at bank and in hand22
900,009778,502
CREDITORS: Amounts falling due within one year5277,854274,751
NET CURRENT ASSETS622,155503,751
TOTAL ASSETS LESS CURRENT LIABILITIES622,155503,751
CREDITORS: Amounts falling due after more than one year6623,178504,854
NET LIABILITIES(1,023)(1,103)
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account(1,025)(1,105)
SHAREHOLDERS' FUNDS(1,023)(1,103)
For the year ending 30/11/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/11/2024 and signed on their behalf by
.............................
R F Love
Director

Media Developments (Nailsea) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees44
3. STOCK 20232022
££
Stock comprises:
Land619,500619,500
Work in progress276,500159,000
896,000778,500

Media Developments (Nailsea) Limited

4. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors4,007-
4,007-
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account13,6548,551
Mortgage250,000250,000
Trade creditors9,70014,700
Accruals4,5001,500
277,854274,751
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Long term creditor623,178504,854
623,178504,854
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22