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Registered number: 13569350
Menlo Park Recruitment Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 13569350
30 September 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 214,500 429,000
Investments 5 266 200
214,766 429,200
CURRENT ASSETS
Cash at bank and in hand 208 4,892
208 4,892
Creditors: Amounts Falling Due Within One Year 6 (6,363 ) (46,132 )
NET CURRENT ASSETS (LIABILITIES) (6,155 ) (41,240 )
TOTAL ASSETS LESS CURRENT LIABILITIES 208,611 387,960
NET ASSETS 208,611 387,960
CAPITAL AND RESERVES
Called up share capital 7 204 204
Income Statement 208,407 387,756
SHAREHOLDERS' FUNDS 208,611 387,960
For the year ending 30 September 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 Income Statement.
On behalf of the board
Mr James Truswell
Director
24 April 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Menlo Park Recruitment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13569350 . The registered office is 4220 Park Approach, Leeds, LS15 8GB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rent and service charges earned from commercial lettings. Turnover is reduced for voids, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Investment Properties
£
Cost
As at 1 October 2023 429,000
Disposals (214,500 )
As at 30 September 2024 214,500
Net Book Value
As at 30 September 2024 214,500
As at 1 October 2023 429,000
5. Investments
Unlisted
£
Cost
As at 1 October 2023 200
Additions 66
As at 30 September 2024 266
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 266
As at 1 October 2023 200
The company holds 100% of the share capital of QPQ Talent Solutions Limited and 66.67% of the share capital of Menlo Bark Limited.
6. Creditors: Amounts Falling Due Within One Year
30 September 2024 30 September 2023
£ £
Amounts owed to group undertakings 66 28,503
Other creditors 1,344 7,373
Taxation and social security 4,953 10,256
6,363 46,132
7. Share Capital
30 September 2024 30 September 2023
£ £
Allotted, Called up and fully paid 204 204
Page 3
Page 4
8. Related Party Transactions
Creditors include the following amounts due to group companies:
QPQ Talent Solutions Limited £0 (2023 : £28,503)
Menlo Bark Limited £66 (2023: £0)
Page 4