Company Registration No. 14679512 (England and Wales)
Memo Properties Limited
Unaudited accounts
for the year ended 29 February 2024
Memo Properties Limited
Unaudited accounts
Contents
Memo Properties Limited
Company Information
for the year ended 29 February 2024
Company Number
14679512 (England and Wales)
Registered Office
647-661 High Road Leytonstone
London
E11 4RD
England
Accountants
Abacus Financial Accountants
12 Douglas Road
Goodmayes
London
IG3 8UX
Memo Properties Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
761,238
Creditors: amounts falling due within one year
(86,711)
Net current assets
673,227
Total assets less current liabilities
6,333,332
Creditors: amounts falling due after more than one year
(6,117,000)
Called up share capital
100
Profit and loss account
216,232
Shareholders' funds
216,332
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 director acknowledges his 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 and authorised for issue on 19 December 2024 and were signed on its behalf by
Mehmet Demir
Director
Company Registration No. 14679512
Memo Properties Limited
Notes to the Accounts
for the year ended 29 February 2024
Memo Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 14679512. The registered office is 647-661 High Road Leytonstone, London, E11 4RD, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
At 29 February 2024
5,660,105
At 29 February 2024
5,660,105
Amounts falling due within one year
Accrued income and prepayments
(1,300)
Memo Properties Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
Taxes and social security
70,137
7
Creditors: amounts falling due after more than one year
2024
Loans from directors
5,500,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
9
Average number of employees
During the year the average number of employees was 0.