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Company Registration No. 10788930 (England and Wales)
MEGANOVA INVESTMENTS LIMITED Unaudited accounts for the year ended 31 May 2024
MEGANOVA INVESTMENTS LIMITED Unaudited accounts Contents
Page
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MEGANOVA INVESTMENTS LIMITED Company Information for the year ended 31 May 2024
Directors
Frank Cibej Mirella Wendy Vivas Blossiers
Company Number
10788930 (England and Wales)
Registered Office
18 MARTINI DRIVE ENFIELD EN3 6GW UNITED KINGDOM
Accountants
ML Accounting Services 39 The Chase Chatham Kent ME4 6UP
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MEGANOVA INVESTMENTS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,222,045 
751,867 
Current assets
Debtors
1,385 
- 
Cash at bank and in hand
1,618 
- 
3,003 
- 
Creditors: amounts falling due within one year
(13,434)
(5,499)
Net current liabilities
(10,431)
(5,499)
Total assets less current liabilities
1,211,614 
746,368 
Creditors: amounts falling due after more than one year
(732,944)
(505,712)
Provisions for liabilities
Deferred tax
(115,000)
(43,813)
Net assets
363,670 
196,843 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
528,604 
280,123 
Profit and loss account
(164,944)
(83,290)
Shareholders' funds
363,670 
196,843 
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by
Frank Cibej Director Company Registration No. 10788930
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MEGANOVA INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MEGANOVA INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10788930. The registered office is 18 MARTINI DRIVE, ENFIELD, EN3 6GW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Revaluation of land and buildings has not been not done by independent professional.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
10% straight line
Computer equipment
10% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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MEGANOVA INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 June 2023
799,527 
- 
2,232 
801,759 
Additions
231,507 
10,548 
1,009 
243,064 
Revaluations
248,481 
- 
- 
248,481 
At 31 May 2024
1,279,515 
10,548 
3,241 
1,293,304 
Depreciation
At 1 June 2023
49,527 
- 
365 
49,892 
Charge for the year
15,018 
1,055 
324 
16,397 
Surplus on revaluation
4,970 
- 
- 
4,970 
At 31 May 2024
69,515 
1,055 
689 
71,259 
Net book value
At 31 May 2024
1,210,000 
9,493 
2,552 
1,222,045 
At 31 May 2023
750,000 
- 
1,867 
751,867 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,385 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,271 
4,846 
Obligations under finance leases and hire purchase contracts
1,510 
- 
Taxes and social security
53 
53 
Accruals
600 
600 
13,434 
5,499 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
386,322 
225,862 
Obligations under finance leases and hire purchase contracts
5,661 
- 
Loans from directors
340,961 
279,850 
732,944 
505,712 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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