Company registration number | |
for the year ended |
|
Cavendish Bond | |
Chartered Accountants | |
Bentinck House | |
3 - 8 Bolsover Street | |
London | |
W1W 6AB | |
MVMI Limited | ||||
Financial statements for the year ended 31 March 2024 | ||||
Chartered Accountants' report to the board of directors on the preparation of the unaudited financial statements of MVMI Limited for the year ended 31 March 2024 | ||||
In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the financial statements of MVMI Limited for the year ended 31 March 2024, which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us. | ||||
As a practising member firm of the Institute of Chartered Accountants in England and Wales we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. | ||||
This report is made solely to the Board of Directors of MVMI Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MVMI Limited and state those matters that we have agreed to state to the Board of Directors of MVMI Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MVMI Limited and its Board of Directors, as a body, for our work or for this report. | ||||
It is your duty to ensure that MVMI Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of MVMI Limited. You consider that MVMI Limited is exempt from the statutory audit requirement for the year. | ||||
We have not been instructed to carry out an audit or a review of the financial statements of MVMI Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. | ||||
Cavendish Bond | ||||
Chartered Accountants | ||||
Bentinck House | ||||
3 - 8 Bolsover Street | ||||
London | ||||
W1W 6AB | ||||
31 January 2025 | ||||
Financial statements for the year ended |
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Balance Sheet | |||||||
Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Intangible assets | 3 | ||||||
Investments | 4 | ||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current liabilities | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
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Shareholder's funds | ( |
( |
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These financial statements were approved by the board on |
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A Santos | |||||||
Director | |||||||
Company registration number 13303788 | |||||||
Financial statements for the year ended |
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Notes to the Financial Statements | ||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Going concern | ||||||||
The company had net liabilities and net current liabilities at the balance sheet date. The director has reviewed the company's anticipated future cash requirements and expects the company to have sufficient resources to be able to continue in operational existence for the foreseeable future, and consequently these financial statements have been prepared on a going concern basis. | ||||||||
Consolidation | ||||||||
The company and its subsidiary comprise a small group and have taken advantage of the exemption available within the Companies Act 2006 from the requirement to prepare consolidated financial statements. These financial statements therefore present information about the company only and not its group. | ||||||||
Intangible fixed assets | ||||||||
Expenditure on internally generated intangible assets is recognised when it is technically feasible to complete the asset, the company intends to complete and use or sell the asset, it is probable that the asset will generate future economic benefits, the company has adequate resources to complete and use or sell the asset, and the expenditure attributable to the asset can be measured reliably. Intangible assets are amortised over their estimated useful economic lives, commencing when the asset is complete and available for use. The company's intangible asset is being amortised over five years on a straight line basis. |
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Investments | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
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Financial instruments | ||||||||
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument those financial instruments are classified as financial liabilities and are presented as such in the balance sheet. Where the contractual terms of financial instruments do not meet the definition of a financial liability those financial instruments are classified as equity instruments. Dividends and other distributions relating to equity instruments are debited directly to equity. |
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2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Intangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 April 2023 | ||||||||
Additions | ||||||||
At 31 March 2024 | ||||||||
Amortisation | ||||||||
At 1 April 2023 | ||||||||
Provided during the year | ||||||||
At 31 March 2024 | ||||||||
Net book value | ||||||||
At 31 March 2024 | ||||||||
At 31 March 2023 | ||||||||
4 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 April 2023 | 1 | |||||||
At 31 March 2024 | 1 | |||||||
Investments comprise the entire issued share capital of Beeyay Limited, a company incorporated in England whose principal activity is the operation of a ticket sales website. | ||||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Other creditors | ||||||||
6 | Related party transactions | |||||||
7 | Parent company | |||||||
8 | Other information | |||||||
MVMI Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
124 City Road | ||||||||
London | ||||||||
EC1V 2NX |