Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09463489 Mrs Amanda Pennington Mr Mark Pennington Mrs Amanda Pennington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09463489 2023-02-28 09463489 2024-02-29 09463489 2023-03-01 2024-02-29 09463489 frs-core:Non-currentFinancialInstruments 2024-02-29 09463489 frs-core:MotorVehicles 2023-03-01 2024-02-29 09463489 frs-core:ShareCapital 2024-02-29 09463489 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09463489 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09463489 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09463489 frs-bus:SmallEntities 2023-03-01 2024-02-29 09463489 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09463489 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09463489 frs-bus:Director1 2023-03-01 2024-02-29 09463489 frs-bus:Director2 2023-03-01 2024-02-29 09463489 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 09463489 frs-countries:EnglandWales 2023-03-01 2024-02-29 09463489 2022-02-28 09463489 2023-02-28 09463489 2022-03-01 2023-02-28 09463489 frs-core:Non-currentFinancialInstruments 2023-02-28 09463489 frs-core:ShareCapital 2023-02-28 09463489 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09463489
MP Subsea Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Zamu
Health & Wellbeing Innov Ctr
Treliske
Truro
TR1 3FF
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 09463489
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand - 2,277
- 2,277
NET CURRENT ASSETS (LIABILITIES) - 2,277
TOTAL ASSETS LESS CURRENT LIABILITIES - 2,277
Creditors: Amounts Falling Due After More Than One Year 4 (13,042 ) (15,319 )
NET LIABILITIES (13,042 ) (13,042 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (13,142 ) (13,142 )
SHAREHOLDERS' FUNDS (13,042) (13,042)
For the year ending 29 February 2024 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Amanda Pennington
Director
25th November 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MP Subsea Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09463489 . The registered office is 4 Gwendrock Villas, Fernleigh Road, Wadebridge, PL27 7AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading.
This is the final set of accounts to close the company there are no liabilities outstanding and a voluntary disolution will be applied for
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 13,042 15,319
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 2