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Registered Number: 14708025


 

 

 


Unaudited Financial Statements

for the period ended 31 March 2024

for

MODUS PROPERTY HOLDINGS LIMITED

 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 190,000 
190,000 
Current assets    
Creditors: amount falling due within one year 4 (55,890)
Net current assets (55,890)
 
Total assets less current liabilities 134,110 
Creditors: amount falling due after more than one year 5 (146,775)
Net assets (12,665)
 

Capital and reserves
   
Called up share capital 6 100 
Profit and loss account (12,765)
Shareholders' funds (12,665)
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 December 2024 and were signed on its behalf by:


-------------------------------
Donna Williams
Director
1
General Information
Modus Property Holdings Limited is a private company, limited by shares, registered in , registration number 14708025, registration address St George's Works, 51 Colegate, Norwich, NR3 1DD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 06 March 2023  
Additions 190,000    190,000 
Disposals  
At 31 March 2024 190,000    190,000 
Depreciation
At 06 March 2023  
Charge for period  
On disposals  
At 31 March 2024  
Net book values
Closing balance as at 31 March 2024 190,000    190,000 
Opening balance as at 06 March 2023  


4.

Creditors: amount falling due within one year

2024
£
Directors' Current Accounts 55,890 
55,890 

5.

Creditors: amount falling due after more than one year

2024
£
Bank Loans & Overdrafts 146,775 
146,775 

6.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
100 Class A shares of £1.00 each 100 
100 

2