Registered number
09685871
M. Deen Limited
Filleted Accounts
31 July 2024
M. Deen Limited
Registered number: 09685871
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 5,150,000 5,150,000
Current assets
Debtors 4 486,897 39,500
Cash at bank and in hand 24,350 986,263
511,247 1,025,763
Creditors: amounts falling due within one year 5 (272,951) (343,615)
Net current assets 238,296 682,148
Total assets less current liabilities 5,388,296 5,832,148
Creditors: amounts falling due after more than one year 6 (2,451,700) (2,970,797)
Provisions for liabilities (492,074) (492,074)
Net assets 2,444,522 2,369,277
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,444,521 2,369,276
Shareholder's funds 2,444,522 2,369,277
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ISHTIAQ REHMAN
Director
Approved by the board on 19 March 2025
M. Deen Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 August 2023 5,150,000
At 31 July 2024 5,150,000
At the year end, the director, based on his knowledge of the market as an active investor, valued the investments at £5,150,000.
4 Debtors 2024 2023
£ £
Trade debtors 423,700 12,500
Other debtors 63,197 27,000
486,897 39,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 206,522 206,729
Taxation and social security costs 41,344 61,862
Other creditors 25,085 75,024
272,951 343,615
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,532,256 1,604,368
Other creditors 919,444 1,366,429
2,451,700 2,970,797
7 Other information
M. Deen Limited is a private company limited by shares and incorporated in England. Its registered office is:
106-112 Emily Street
Highgate
Birmingham
England
B12 0SL
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