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M TECH ALLIANCE INC LTD

Registered Number
12243878
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

M TECH ALLIANCE INC LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

JIANG, Peter Boyong

Registered Address

Office 3 4a Nelson Road
London
SE10 9JB

Registered Number

12243878 (England and Wales)
M TECH ALLIANCE INC LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,12118,828
Investment property44,810,0314,810,031
4,824,1524,828,859
Current assets
Debtors2,330-
Cash at bank and on hand143,77514,524
146,10514,524
Creditors amounts falling due within one year5(4,683,373)(4,639,056)
Net current assets (liabilities)(4,537,268)(4,624,532)
Total assets less current liabilities286,884204,327
Creditors amounts falling due after one year6(270,000)(270,000)
Net assets16,884(65,673)
Capital and reserves
Called up share capital11
Profit and loss account16,883(65,674)
Shareholders' funds16,884(65,673)
The financial statements were approved and authorised for issue by the Board of Directors on 27 June 2025, and are signed on its behalf by:
JIANG, Peter Boyong
Director
Registered Company No. 12243878
M TECH ALLIANCE INC LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 105, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 November 2325,10425,104
At 31 October 2425,10425,104
Depreciation and impairment
At 01 November 236,2766,276
Charge for year4,7074,707
At 31 October 2410,98310,983
Net book value
At 31 October 2414,12114,121
At 31 October 2318,82818,828
4.Investment property

£
Fair value at 01 November 234,810,031
At 31 October 244,810,031
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security1,183-
Other creditors4,640,2604,637,076
Accrued liabilities and deferred income41,9301,980
Total4,683,3734,639,056
Other Creditors is made of Director's loan .
6.Creditors: amounts due after one year

2024

2023

££
Trade creditors / trade payables270,000270,000
Total270,000270,000
7.Share capital
1 Ordinary shares of £1 each.