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REGISTERED NUMBER: 10921915 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 August 2024

for

MODD Properties & Investments Limited

MODD Properties & Investments Limited (Registered number: 10921915)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


MODD Properties & Investments Limited (Registered number: 10921915)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,275 2,844
Investment property 5 946,425 961,879
948,700 964,723

CURRENT ASSETS
Debtors 6 2,936 -
Cash at bank and in hand 9,674 1,540
12,610 1,540
CREDITORS
Amounts falling due within one year 7 (271,376 ) (272,370 )
NET CURRENT LIABILITIES (258,766 ) (270,830 )
TOTAL ASSETS LESS CURRENT LIABILITIES 689,934 693,893

CREDITORS
Amounts falling due after more than one
year

8

(693,170

)

(693,169

)
NET (LIABILITIES)/ASSETS (3,236 ) 724

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 (12,518 ) -
Retained earnings 9,182 624
(3,236 ) 724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MODD Properties & Investments Limited (Registered number: 10921915)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





Mr D Randall - Director


MODD Properties & Investments Limited (Registered number: 10921915)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

MODD Properties & Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10921915

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

2. ACCOUNTING POLICIES

Basis of preparing the 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MODD Properties & Investments Limited (Registered number: 10921915)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 6,995
DEPRECIATION
At 1 September 2023 4,151
Charge for year 569
At 31 August 2024 4,720
NET BOOK VALUE
At 31 August 2024 2,275
At 31 August 2023 2,844

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 961,879
Revaluations (15,454 )
At 31 August 2024 946,425
NET BOOK VALUE
At 31 August 2024 946,425
At 31 August 2023 961,879

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 946,425

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 2,936 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 2,141 418
Other creditors 269,235 271,952
271,376 272,370

MODD Properties & Investments Limited (Registered number: 10921915)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 693,170 693,169

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years by
non-instalment

693,170

693,169

9. RESERVES
Fair
value
reserve
£   
Revaluation in year (12,518 )

At 31 August 2024 (12,518 )