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REGISTERED NUMBER: 13242164 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

ML & DL Developments Limited

ML & DL Developments Limited (Registered number: 13242164)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ML & DL Developments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D F Lewis
J M Lewis



SECRETARY: D F Lewis



REGISTERED OFFICE: St John's Road
Meadowfield Industrial Estate
DURHAM
Co Durham
DH7 8RJ



REGISTERED NUMBER: 13242164 (England and Wales)



SENIOR STATUTORY AUDITOR: Simon Hook FCCA



AUDITORS: Clive Owen LLP
Chartered Accountants and Statutory Auditors
Kepier House
Belmont Business Park
Durham
DH1 1TW

ML & DL Developments Limited (Registered number: 13242164)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 500 500

CURRENT ASSETS
Debtors 5 800,100 800,100

CREDITORS
Amounts falling due within one year 6 800,500 800,500
NET CURRENT LIABILITIES (400 ) (400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





J M Lewis - Director


ML & DL Developments Limited (Registered number: 13242164)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

ML & DL Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below , and have been consistently applied within the accounts.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ML & DL Developments Limited (Registered number: 13242164)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 May 2023
and 30 April 2024 500
NET BOOK VALUE
At 30 April 2024 500
At 30 April 2023 500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 100
Related undertakings 800,000 800,000
800,100 800,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 800,000 800,000
Other creditors 500 500
800,500 800,500

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Hook FCCA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2024 2023

Amounts due from related party 800,000 800,000

9. ULTIMATE PARENT COMPANY

Apex Cables Limited is the ultimate parent company, their registered office is St Johns Road, Meadowfield Industrial Estate, Durham City, DH7 8RJ.