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Registration number: 14797847

Mostro Development Limited

Unaudited Filleted Financial Statements

for the Period from 13 April 2023 to 30 April 2024

 

Mostro Development Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Mostro Development Limited

Company Information

Directors

Mr Smark Sem

Ms Helen Harwood

Registered office

102 Fulham Palace Road
London
W6 9PL

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Mostro Development Limited

(Registration number: 14797847)
Balance Sheet as at 30 April 2024

Note

2024
£

Current assets

 

Stocks

4

21,972

Debtors

5

5,128

 

27,100

Creditors: Amounts falling due within one year

6

(33,626)

Net liabilities

 

(6,526)

Capital and reserves

 

Called up share capital

7

2

Retained earnings

(6,528)

Shareholders' deficit

 

(6,526)

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 January 2025 and signed on its behalf by:
 

.........................................
Mr Smark Sem
Director

 

Mostro Development Limited

Notes to the Unaudited Financial Statements for the Period from 13 April 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
102 Fulham Palace Road
London
W6 9PL
England

These financial statements were authorised for issue by the Board on 9 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Mostro Development Limited

Notes to the Unaudited Financial Statements for the Period from 13 April 2023 to 30 April 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Stocks

2024
£

Work in progress

21,972

 

Mostro Development Limited

Notes to the Unaudited Financial Statements for the Period from 13 April 2023 to 30 April 2024

5

Debtors

Current

2024
£

Other debtors

5,128

 

5,128

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

2,064

Taxation and social security

2,707

Accruals and deferred income

1,500

Other creditors

27,355

33,626

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary share capital of £1 each

2

2

     
 

Mostro Development Limited

Notes to the Unaudited Financial Statements for the Period from 13 April 2023 to 30 April 2024

8

Related party transactions

Transactions with directors

2024

At 13 April 2023
£

Other payments made to company by director
£

At 30 April 2024
£

Mr Smark Sem

Amounts owed to director

-

13,677

13,677

       
     

Ms Helen Harwood

Amounts owed to director

-

13,677

13,677