Megathorium Models Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15845155

Megathorium Models Limited

Filleted Unaudited Financial Statements

31 July 2026

Megathorium Models Limited

Statement of Financial Position

31 July 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		4,109		5,423

Current assets

Stocks	5,564	4,923
Cash at bank and in hand	1,036	25
	-------	-------
	6,600	4,948

Creditors: amounts falling due within one year	6	15,747		13,415
		--------		--------
Net current liabilities			9,147		8,467
			-------		-------
Total assets less current liabilities			( 5,038)		( 3,044)
			-------		-------
Net liabilities			( 5,038)		( 3,044)
			-------		-------

Capital and reserves

Called up share capital	7	1	1
Profit and loss account		( 5,039)	( 3,045)
		-------	-------
Shareholders deficit		( 5,038)	( 3,044)
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Megathorium Models Limited

Statement of Financial Position (continued)

31 July 2026

These financial statements were approved by the board of directors and authorised for issue on 22 September 2026 , and are signed on behalf of the board by:

Mr L W S Sayer
Director

Company registration number: 15845155

Megathorium Models Limited

Notes to the Financial Statements

Year ended 31 July 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 12a Mayfair Industrial Estate, Maldon Road, Latchingdon, Chelmsford, Essex, CM3 6LF, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the director. The director has indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. Therefore the director considers the going concern basis is appropriate.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 August 2025 and 31 July 2026	6,569
	-------
Depreciation
At 1 August 2025	1,146
Charge for the year	1,314
	-------
At 31 July 2026	2,460
	-------
Carrying amount
At 31 July 2026	4,109
	-------
At 31 July 2025	5,423
	-------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Accruals and deferred income	1,135	1,200
Director loan accounts	14,612	12,215
	--------	--------
	15,747	13,415
	--------	--------

7. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

8. Related party transactions

At the period end the company owed the director £14,612 (2025:£12,215) which is included within creditors.