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REGISTERED NUMBER: 10306869 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

MODIV LTD

MODIV LTD (Registered number: 10306869)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

MODIV LTD

Company Information
for the Year Ended 31 August 2024







DIRECTOR: V Yermalayeu





REGISTERED OFFICE: 28 Clowser Close
Sutton
London
SM1 4TP





REGISTERED NUMBER: 10306869 (England and Wales)





ACCOUNTANT: Kevad Ltd
Office 22, The Joiners Shop
The Historic Dockyard
Chatham
Kent
ME4 4TZ

MODIV LTD (Registered number: 10306869)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 114 111

CREDITORS
Amounts falling due within one year 5 14,309 12,894
NET CURRENT LIABILITIES (14,195 ) (12,783 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,195

)

(12,783

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,295 ) (12,883 )
(14,195 ) (12,783 )

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.

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 27 May 2025 and were signed by:





V Yermalayeu - Director


MODIV LTD (Registered number: 10306869)

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

1. STATUTORY INFORMATION

MODIV LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest . Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.

Trade and other creditors
Trade and other creditors are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 2,009
DEPRECIATION
At 1 September 2023
and 31 August 2024 2,009
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

MODIV LTD (Registered number: 10306869)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 2,559 3,356
Trade creditors - 48
Taxation and social security (13 ) (13 )
Other creditors 11,763 9,503
14,309 12,894

6. RELATED PARTY DISCLOSURES

Director holds 100% of shares.

MODIV LTD

Report of the Accountant to the Director of
MODIV LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Kevad Ltd
Office 22, The Joiners Shop
The Historic Dockyard
Chatham
Kent
ME4 4TZ


27 May 2025