MTC COMMERCIAL LTD

Company Registration Number:
12399632 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

MTC COMMERCIAL LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Additional notes
Balance sheet notes

MTC COMMERCIAL LTD

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Investments: 3 640,637 640,637
Total fixed assets: 640,637 640,637
Current assets
Debtors: 4 0 339
Cash at bank and in hand: 19,731 3,852
Total current assets: 19,731 4,191
Creditors: amounts falling due within one year: 5 ( 26,915 ) ( 16,083 )
Net current assets (liabilities): (7,184) (11,892)
Total assets less current liabilities: 633,453 628,745
Creditors: amounts falling due after more than one year: 6 ( 638,384 ) ( 638,384 )
Total net assets (liabilities): (4,931) (9,639)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (4,933 ) (9,641 )
Total Shareholders' funds: ( 4,931 ) (9,639)

The notes form part of these financial statements

MTC COMMERCIAL LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 January 2025
and signed on behalf of the board by:

Name: H. Saidpour
Status: Director

The notes form part of these financial statements

MTC COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MTC COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MTC COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Fixed assets investments note

Property Investment £640,637 Garden Avenue ( £305,730, Purchased 2021) Northdown Road ( £334,907, Purchased 2022)

MTC COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 0 339
Total 0 339

MTC COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 774 0
Accruals and deferred income 2,131 863
Other creditors 24,010 15,220
Total 26,915 16,083

MTC COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 470,384 470,384
Other creditors 168,000 168,000
Total 638,384 638,384

Other creditors' balance is directors' long-term loans to the company.