The Mail Company Business Limited 08036900 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of property rental. Digita Accounts Production Advanced 6.30.9574.0 true 08036900 2023-05-01 2024-04-30 08036900 2024-04-30 08036900 core:RetainedEarningsAccumulatedLosses 2024-04-30 08036900 core:ShareCapital 2024-04-30 08036900 core:CurrentFinancialInstruments 2024-04-30 08036900 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08036900 core:Non-currentFinancialInstruments 2024-04-30 08036900 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 08036900 bus:SmallEntities 2023-05-01 2024-04-30 08036900 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08036900 bus:FullAccounts 2023-05-01 2024-04-30 08036900 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08036900 bus:RegisteredOffice 2023-05-01 2024-04-30 08036900 bus:Director1 2023-05-01 2024-04-30 08036900 bus:Director2 2023-05-01 2024-04-30 08036900 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08036900 countries:AllCountries 2023-05-01 2024-04-30 08036900 2023-04-30 08036900 2022-05-01 2023-04-30 08036900 2023-04-30 08036900 core:RetainedEarningsAccumulatedLosses 2023-04-30 08036900 core:ShareCapital 2023-04-30 08036900 core:CurrentFinancialInstruments 2023-04-30 08036900 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08036900 core:Non-currentFinancialInstruments 2023-04-30 08036900 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 08036900

The Mail Company Business Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 April 2024

 

The Mail Company Business Limited
(Registration number: 08036900)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

The Mail Company Business Limited
(Registration number: 08036900)

Company Information

Directors

Ms S Brookman

Mr S A Krause

Registered office

1 Colleton Crescent
Exeter
Devon
EX2 4DG

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

The Mail Company Business Limited
(Registration number: 08036900)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

194,830

194,830

Current assets

 

Debtors

6

5,057

57,419

Cash at bank and in hand

 

2,986

9,365

 

8,043

66,784

Creditors: Amounts falling due within one year

7

(98,354)

(154,182)

Net current liabilities

 

(90,311)

(87,398)

Total assets less current liabilities

 

104,519

107,432

Creditors: Amounts falling due after more than one year

7

(97,048)

(104,026)

Net assets

 

7,471

3,406

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

7,469

3,404

Total equity

 

7,471

3,406

For the financial year 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 year 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.

 

The Mail Company Business Limited
(Registration number: 08036900)

Balance Sheet as at 30 April 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

.........................................
Ms S Brookman
Director

 

The Mail Company Business Limited
(Registration number: 08036900)

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

1

General information

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

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Mail Company Business Limited
(Registration number: 08036900)

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

The Mail Company Business Limited
(Registration number: 08036900)

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

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 30 April 2024

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of long leasehold land and buildings.
 

5

Investment properties

2024
£

At 1 May

194,830

At 30 April

194,830

The directors have considered the fair value of the investment property based on their knowledge of the market and the current condition of the property.

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Trade debtors

-

13,680

Other debtors

117

36,519

Prepayments and accrued income

4,940

7,220

Total current trade and other debtors

5,057

57,419

 

The Mail Company Business Limited
(Registration number: 08036900)

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

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,978

6,742

Trade creditors

 

-

1,920

Taxation and social security

 

169

-

Other creditors

 

89,064

141,009

Accrued expenses

 

2,143

2,231

Deferred income

 

-

2,280

 

98,354

154,182

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

97,048

104,026

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

6,978

6,742

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

97,048

104,026

Bank borrowings are secured by way of a fixed charge over the assets of the company