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REGISTERED NUMBER: 02941433 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

M & M Investments (UK) Limited

M & M Investments (UK) Limited (Registered number: 02941433)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

M & M Investments (UK) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: L Michaelides





REGISTERED OFFICE: 18-20 Frognal
London
NW3 6AG





REGISTERED NUMBER: 02941433 (England and Wales)





ACCOUNTANTS: Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE

M & M Investments (UK) Limited (Registered number: 02941433)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,100,000 2,100,000

CURRENT ASSETS
Debtors 5 513,269 512,919
Cash at bank 104 1,696
513,373 514,615
CREDITORS
Amounts falling due within one year 6 591,648 537,264
NET CURRENT LIABILITIES (78,275 ) (22,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,021,725

2,077,351

CREDITORS
Amounts falling due after more than one
year

7

(542,427

)

(565,381

)

PROVISIONS FOR LIABILITIES 9 (268,649 ) (268,649 )
NET ASSETS 1,210,649 1,243,321

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 1,405,351 1,405,351
Retained earnings 11 (194,703 ) (162,031 )
SHAREHOLDERS' FUNDS 1,210,649 1,243,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

M & M Investments (UK) Limited (Registered number: 02941433)

Balance Sheet - continued
30 June 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 27 June 2025 and were signed by:





L Michaelides - Director


M & M Investments (UK) Limited (Registered number: 02941433)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

M & M Investments (UK) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

M & M Investments (UK) Limited (Registered number: 02941433)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,100,000
NET BOOK VALUE
At 30 June 2024 2,100,000
At 30 June 2023 2,100,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2018 950,000
Valuation in 2005 724,000
Cost 426,000
2,100,000

The Investment Properties were valued on an open market basis on 30 June 2024 by The Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by related companies 451,197 450,847
Other debtors 62,072 62,072
513,269 512,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 22,080 20,704
Amounts owed to related companies 236,967 197,458
Taxation and social security 35,405 35,405
Other creditors 297,196 283,697
591,648 537,264

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 542,427 565,381

M & M Investments (UK) Limited (Registered number: 02941433)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 558,760 578,240

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 268,649 268,649

Deferred
tax
£   
Balance at 1 July 2023 268,649
Balance at 30 June 2024 268,649

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ord Shares £1 1 1

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 (162,031 ) 1,405,351 1,243,320
Deficit for the year (32,672 ) (32,672 )
At 30 June 2024 (194,703 ) 1,405,351 1,210,648

M & M Investments (UK) Limited (Registered number: 02941433)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
L Michaelides
Balance outstanding at start of year (109,096 ) (133,094 )
Amounts advanced - 23,998
Amounts repaid (10,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (119,596 ) (109,096 )

M & M Investments (UK) Limited

Report of the Accountants to the Director of
M & M Investments (UK) Limited

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 30 June 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we 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 us.






Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE


Date: .............................................