1 August 2023 false No description of principal activity Taxfiler 2024.6 12761339business:PrivateLimitedCompanyLtd2023-08-012024-07-31 127613392023-07-31 127613392023-08-012024-07-31 12761339business:AuditExemptWithAccountantsReport2023-08-012024-07-31 12761339business:FilletedAccounts2023-08-012024-07-31 127613392024-07-31 12761339business:Director12023-08-012024-07-31 12761339business:Director22023-08-012024-07-31 12761339business:RegisteredOffice2023-08-012024-07-31 127613392023-07-31 12761339core:WithinOneYear2024-07-31 12761339core:WithinOneYear2023-07-31 12761339core:AfterOneYear2024-07-31 12761339core:AfterOneYear2023-07-31 12761339core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 12761339core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12761339core:RevaluationReservecore:PreviouslyStatedAmount2024-07-31 12761339core:RevaluationReservecore:PreviouslyStatedAmount2023-07-31 12761339core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 12761339core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12761339core:PreviouslyStatedAmount2024-07-31 12761339core:PreviouslyStatedAmount2023-07-31 12761339business:SmallEntities2023-08-012024-07-31 12761339countries:EnglandWales2023-08-012024-07-31 12761339core:FurnitureFittings2023-08-012024-07-31 12761339core:LandBuildings2023-07-31 12761339core:FurnitureFittings2023-07-31 12761339core:LandBuildings2023-08-012024-07-31 12761339core:LandBuildings2024-07-31 12761339core:FurnitureFittings2024-07-31 127613392022-08-012023-07-31 iso4217:GBP xbrli:pure
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
Page
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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
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MM ASSET MANAGEMENT LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
337,404 
153,711 
Investment property
- 
190,000 
337,404 
343,711 
Current assets
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)
Capital and reserves
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
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MM ASSET MANAGEMENT LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
At 1 August 2023
- 
8,018 
8,018 
Charge for the year
- 
4,009 
4,009 
At 31 July 2024
- 
12,027 
12,027 
Net book value
At 31 July 2024
272,001 
65,403 
337,404 
At 31 July 2023
135,001 
18,710 
153,711 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
190,000 
Disposals
(190,000)
At 31 July 2024
- 
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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 
£ 
£ 
Accruals
600 
- 
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 
405,629 
443,107 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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