Company Registration No. 12113399 (England and Wales)
Medallion Properties Ltd
Unaudited accounts
for the year ended 31 July 2024
Medallion Properties Ltd
Unaudited accounts
Contents
Medallion Properties Ltd
Company Information
for the year ended 31 July 2024
Directors
David Taiteyi ZIVAGWE
Maria Amanda MATABANE
Company Number
12113399 (England and Wales)
Registered Office
Office 4254
The Heath Business & Technical Park
Runcorn
Cheshire
WA7 4QX
United Kingdom
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Medallion Properties Ltd
for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Medallion Properties Ltd for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Member in Practice
22 March 2025
Medallion Properties Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
299,750
307,625
Cash at bank and in hand
3,474
37,314
Creditors: amounts falling due within one year
(1,000)
(2,194)
Net current assets
2,474
35,120
Total assets less current liabilities
302,224
342,745
Creditors: amounts falling due after more than one year
(362,163)
(375,828)
Net liabilities
(59,939)
(33,083)
Called up share capital
100
100
Profit and loss account
(60,039)
(33,183)
Shareholders' funds
(59,939)
(33,083)
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 25 June 2025 and were signed on its behalf by
David Taiteyi ZIVAGWE
Director
Company Registration No. 12113399
Medallion Properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
Medallion Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12113399. The registered office is Office 4254, The Heath Business & Technical Park, Runcorn, Cheshire, WA7 4QX, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,000
1,000
Loans from directors
-
1,194
Medallion Properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
231,948
239,828
Other creditors
130,215
136,000
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).