M. A. Interests Limited - Accounts to registrar (filleted) - small 18.2
M. A. Interests Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements For The Year Ended 31st August 2020 |
| for |
| M. A. Interests Limited |
| M. A. Interests Limited (Registered number: 09164445) |
| Contents of the Financial Statements |
| For The Year Ended 31st August 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| M. A. Interests Limited |
| Company Information |
| For The Year Ended 31st August 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 7 Church Plain |
| Great Yarmouth |
| Norfolk |
| NR30 1PL |
| M. A. Interests Limited (Registered number: 09164445) |
| Balance Sheet |
| 31st August 2020 |
| 31/8/20 | 31/8/19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on were signed on its behalf by: |
| M. A. Interests Limited (Registered number: 09164445) |
| Notes to the Financial Statements |
| For The Year Ended 31st August 2020 |
| 1. | STATUTORY INFORMATION |
| M. A. Interests Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Going concern |
| These financial statements were prepared on the going concern basis. The directors consider this to be |
| appropriate but have not assessed a period in excess of twelve months from the date of approving the financial |
| statements |
| Transition to frs 102 |
| The entity transitioned to FRS 102 section 1A on 1 September 2019. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st September 2019 |
| Revaluations | 6,961 |
| At 31st August 2020 |
| NET BOOK VALUE |
| At 31st August 2020 |
| At 31st August 2019 |
| M. A. Interests Limited (Registered number: 09164445) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st August 2020 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 31st August 2020 is represented by: |
| £ |
| Valuation in 2019 | 501,008 |
| Valuation in 2020 | 6,962 |
| 507,970 |
| The company took the option under FRS 102 1A section 35.10 to convert from a policy of revaluing its policies to |
| a deemed cost policy. |
| At transition, deferred tax of £18,418 was provided on the potential gain arising on the property. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/20 | 31/8/19 |
| £ | £ |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/20 | 31/8/19 |
| £ | £ |
| Trade creditors |
| Tax |
| Other creditors |
| Directors' loan accounts | 389,899 | 387,130 |
| Accrued expenses |
| 7. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st September 2019 |
| Adjustment | 6,962 |
| At 31st August 2020 |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| The company is controlled by Mr M McAllister by virtue of his shareholdings for this and the proceeding period. |