MKone Business Centres Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06568025 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

MKONE BUSINESS CENTRES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C J Muscat

SECRETARY:

A D Muscat

REGISTERED OFFICE:

Waterside House

11 Boston Business Park

Trumpers Way,

Hanwell

London

W7 2QA

REGISTERED NUMBER:

06568025 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

2

1,800,000

1,679,813

CURRENT ASSETS

Debtors

61,738

49,873

Cash at bank

2,535

2,404

64,273

52,277

CREDITORS

Amounts falling due within one year

911,477

887,173

NET CURRENT LIABILITIES

(847,204

)

(834,896

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

952,796

844,917

CREDITORS

Amounts falling due after more than one
year

3

738,124

793,013

NET ASSETS

214,672

51,904

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

120,187

-

Profit and loss account

94,385

51,804

SHAREHOLDERS' FUNDS

214,672

51,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 January 2017 and were signed by:

C J Muscat - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net rent receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Investment properties depreciation

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the directors consider that this accounting policy

results in the financial statements giving true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2015

1,679,813

Revaluations

120,187

At 30 April 2016

1,800,000

NET BOOK VALUE

At 30 April 2016

1,800,000

At 30 April 2015

1,679,813

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.4.16

30.4.15

£

Repayable by instalments

738,124

793,013

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100