Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 13419206 Mr Menachem Moses iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13419206 2023-05-31 13419206 2024-05-31 13419206 2023-06-01 2024-05-31 13419206 frs-core:Non-currentFinancialInstruments 2024-05-31 13419206 frs-core:ShareCapital 2024-05-31 13419206 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13419206 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13419206 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 13419206 frs-bus:SmallEntities 2023-06-01 2024-05-31 13419206 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13419206 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13419206 frs-bus:Director1 2023-06-01 2024-05-31 13419206 frs-countries:EnglandWales 2023-06-01 2024-05-31 13419206 2022-05-31 13419206 2023-05-31 13419206 2022-06-01 2023-05-31 13419206 frs-core:Non-currentFinancialInstruments 2023-05-31 13419206 frs-core:ShareCapital 2023-05-31 13419206 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 13419206
MM Dynasty Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Mitlev Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13419206
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 498,927 -
498,927 -
CURRENT ASSETS
Debtors 100 100
Cash at bank and in hand 25,687 -
25,787 100
Creditors: Amounts Falling Due Within One Year 5 (200,596 ) -
NET CURRENT ASSETS (LIABILITIES) (174,809 ) 100
TOTAL ASSETS LESS CURRENT LIABILITIES 324,118 100
Creditors: Amounts Falling Due After More Than One Year 6 (336,000 ) -
NET (LIABILITIES)/ASSETS (11,882 ) 100
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (11,982 ) -
SHAREHOLDERS' FUNDS (11,882) 100
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Menachem Moses
Director
21/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MM Dynasty Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13419206 . The registered office is 33 Craven Park Road, London, N15 6AA.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of 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.
The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director and shareholders.
2.2. Turnover
Turnover represents property sales and net invoiced rents and commission receivable, including value-added tax.
2.3. Investment Properties
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.4. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.5. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. 
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.
2.6. Short term debtors and creditors
Short-term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
2.7. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 -
Additions 498,927
As at 31 May 2024 498,927
Investment property was valued on an open market basis on 31 May 2024 by the director.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 200,596 -
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 336,000 -
7. Secured Creditors
The following secured debts included within creditors are secured on the company's investment properties.
2024 2023
£ £
Other Creditors 336,000 -
8. Related Party Transactions
At the balance sheet date, the company owed £48,862 (2023: Nil) to the director. 
Included in other creditors are amounts aggregating £150,000 due to one of the shareholders of this company. These loans are interest free.
Page 4