Company Registration No. 12761339 (England and Wales)
MM ASSET MANAGEMENT LTD
Unaudited accounts
for the year ended 31 July 2024
MM ASSET MANAGEMENT LTD
Unaudited accounts
Contents
MM ASSET MANAGEMENT LTD
Company Information
for the year ended 31 July 2024
Directors
Mudassar MAHMOOD,
Razun Miah
Company Number
12761339 (England and Wales)
Registered Office
Galahad House Priory Drive
Langstone
Newport
NP18 2HJ
Accountants
XEN ACCOUNTANTS LTD
102 A COMMERCIAL STREET
NEWPORT
NP20 1LU
MM ASSET MANAGEMENT LTD
Statement of financial position
as at 31 July 2024
Tangible assets
337,404
153,711
Investment property
-
190,000
Cash at bank and in hand
611
8,271
Creditors: amounts falling due within one year
(600)
-
Net current assets
11
8,271
Total assets less current liabilities
337,415
351,982
Creditors: amounts falling due after more than one year
(405,629)
(443,107)
Net liabilities
(68,214)
(91,125)
Called up share capital
100
100
Revaluation reserve
28,150
28,150
Profit and loss account
(96,464)
(119,375)
Shareholders' funds
(68,214)
(91,125)
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by
Razun Miah
Director
Company Registration No. 12761339
MM ASSET MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 July 2024
MM ASSET MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 12761339. The registered office is Galahad House Priory Drive, Langstone, Newport, NP18 2HJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on cost
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
135,001
26,728
161,729
Additions
137,000
50,702
187,702
At 31 July 2024
272,001
77,430
349,431
At 1 August 2023
-
8,018
8,018
Charge for the year
-
4,009
4,009
At 31 July 2024
-
12,027
12,027
At 31 July 2024
272,001
65,403
337,404
At 31 July 2023
135,001
18,710
153,711
Fair value at 1 August 2023
190,000
MM ASSET MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
200,636
219,878
Loans from directors
204,993
223,229
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).