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REGISTERED NUMBER: 08388031 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

NES & MDD INVESTMENTS LTD

NES & MDD INVESTMENTS LTD (REGISTERED NUMBER: 08388031)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NES & MDD INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: N E Stern





REGISTERED OFFICE: 19a Belfast Road
London
N16 6UN





REGISTERED NUMBER: 08388031 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

NES & MDD INVESTMENTS LTD (REGISTERED NUMBER: 08388031)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investment property 4 849,091 849,091

CURRENT ASSETS
Debtors 5 146,114 25,525
Cash at bank 506 3,313
146,620 28,838
CREDITORS
Amounts falling due within one year 6 (137,226 ) (24,899 )
NET CURRENT ASSETS 9,394 3,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

858,485

853,030

CREDITORS
Amounts falling due after more than one
year

7

(662,532

)

(655,137

)
NET ASSETS 195,953 197,893

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 127,667 127,667
Retained earnings 10 68,285 70,225
SHAREHOLDERS' FUNDS 195,953 197,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NES & MDD INVESTMENTS LTD (REGISTERED NUMBER: 08388031)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





N E Stern - Director


NES & MDD INVESTMENTS LTD (REGISTERED NUMBER: 08388031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

NES & MDD Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 849,091
NET BOOK VALUE
At 29 February 2024 849,091
At 28 February 2023 849,091

The company's investment properties are included in the balance sheet at open market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 135 -
Other debtors 145,979 25,525
146,114 25,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 7,219 13,382
Other creditors 127,607 10,197
Accrued expenses 2,400 1,320
137,226 24,899

NES & MDD INVESTMENTS LTD (REGISTERED NUMBER: 08388031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yrs non-inst 662,532 655,137

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 662,532 655,137

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 662,532 655,137

Long term bank loan is secured by first charge over the company's investment properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2023 70,225 127,667 197,892
Deficit for the year (1,940 ) (1,940 )
At 29 February 2024 68,285 127,667 195,952

11. RELATED PARTY DISCLOSURES

Other Debtors (Note 6) relates to amounts due from companies connected to the director and his family members. The loans are interest free and repayable on demand.

Other Creditors (Note 7) relates to amounts due to companies connected to the director and his family members. The loans are interest free and payable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is N E Stern.