MCOM INVESTMENTS LTD

Company Registration Number:
12200809 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MCOM INVESTMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MCOM INVESTMENTS LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 46,745,849 46,746,849
Total fixed assets: 46,745,849 46,746,849
Current assets
Debtors:   100 100
Total current assets: 100 100
Creditors: amounts falling due within one year:   (1,005) (4,861,146)
Net current assets (liabilities): (905) (4,861,046)
Total assets less current liabilities: 46,744,944 41,885,803
Total net assets (liabilities): 46,744,944 41,885,803
Capital and reserves
Called up share capital: 100 100
Other reserves: 46,390,893 42,774,667
Profit and loss account: 353,951 (888,964)
Shareholders funds: 46,744,944 41,885,803

The notes form part of these financial statements

MCOM INVESTMENTS LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Ioannis Zaimis
Status: Director

The notes form part of these financial statements

MCOM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. - Sale of Goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. - Rendering of Services Turnover 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.

Other accounting policies

Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

MCOM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

MCOM INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed investments

Cost: - At 1 Jan 2023: -------------------------------------------- £46,746,849 - Disposals: ----------------------------------------------------- (£1,000) - At 31 Dec 2023: ---------------------------------------------- £46,745,849 Provision for impairment: - At 1 Jan 2023: ------------------------------------------------------------- £0 - At 31 Dec 2023: ------------------------------------------------------------- £0 Net Book Value: - At 31 Dec 2023: ---------------------------------------------- £46,745,849 - At 1 Jan 2023: ---------------------------------------------- £46,746,849 Share Capital (Allotted): - 2023: -------------------------------------------------------------- £100 - 2022: -------------------------------------------------------------- £100