ACCOUNTS - Final Accounts preparation

Company registration number: 06019784

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	MODERN BABY LIMITED


MODERN BABY LIMITED

COMPANY INFORMATION

Directors	M A Carroll
	H J Macanara


Company secretary	M A Carroll


Registered number	06019784


Registered office	70 Tamworth Road
	Hertford
	SG13 7DN


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


MODERN BABY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


MODERN BABY LIMITED REGISTERED NUMBER:06019784

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		1,100,000		1,100,000
			1,100,000		1,100,000
Current assets
Cash at bank and in hand		2,939		11
		2,939		11
Creditors: amounts falling due within one year	5	(226,909)		(196,762)
Net current liabilities			(223,970)		(196,751)
Total assets less current liabilities			876,030		903,249
Creditors: amounts falling due after more than one year	6		(385,923)		(400,652)
Provisions for liabilities
Deferred tax		(70,719)		(76,302)
			(70,719)		(76,302)
Net assets			419,388		426,295

Capital and reserves
Called up share capital	2	2
Investment property reserve	260,209	260,209
Profit and loss account	159,177	166,084
	419,388	426,295

Page 1


MODERN BABY LIMITED REGISTERED NUMBER:06019784

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M A Carroll

Director

Date: 24 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


MODERN BABY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Modern Baby 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Rental income is recognised on a straight-line basis over the year in which the rental relates.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Investment property

Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3


MODERN BABY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	1,100,000
	At 31 December 2024	1,100,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

Page 4


MODERN BABY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	39,670	35,254
Other loans	123,501	-
Corporation tax	-	10,784
Other creditors	61,938	148,019
Accruals and deferred income	1,800	2,705
	226,909	196,762

The following liabilities were secured:
	2024	2023
	£	£


Bank loans	39,670	35,254
	39,670	35,254

Details of security provided:

Bank loans are secured against the investment property of the company.

6.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	385,923	400,652
	385,923	400,652

The following liabilities were secured:
	2024	2023
	£	£


Bank loans	385,923	400,652
	385,923	400,652

Details of security provided:

Bank loans are secured against the investment property of the company.

Page 5


MODERN BABY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Related party transactions
	At the balance sheet date the company owed £61,938 (2023: £14,692) to the directors. The balance can be found within creditors due within one year. No interest is being charged. At the balance sheet date the company owed £nil (2023: £133,327) to connected undertakings.

Page 6