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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2015 |
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M&M2000 LIMITED |
REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2015 |
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FOR |
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M&M2000 LIMITED |
M&M2000 LIMITED (REGISTERED NUMBER: 08794687) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30th November 2015 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Chartered Accountants' Report | 3 |
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Profit and Loss Account | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 6 |
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M&M2000 LIMITED |
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COMPANY INFORMATION |
For The Year Ended 30th November 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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M&M2000 LIMITED (REGISTERED NUMBER: 08794687) |
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REPORT OF THE DIRECTORS |
For The Year Ended 30th November 2015 |
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The directors present their report with the financial statements of the company for the year ended 30th November 2015. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of management consulting. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st December 2014 to the date of this |
report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
M&M2000 LIMITED |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of M&M2000 Limited for the year ended 30th November 2015 which comprise the Profit and Loss |
Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of M&M2000 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M&M2000 Limited and state those matters that we have agreed to state to the Board of Directors of M&M2000 Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that M&M2000 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M&M2000 Limited. You consider that M&M2000 Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of M&M2000 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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25th July 2016 |
M&M2000 LIMITED (REGISTERED NUMBER: 08794687) |
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PROFIT AND LOSS ACCOUNT |
For The Year Ended 30th November 2015 |
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Period |
28/11/13 |
Year Ended | to |
30/11/15 | 30/11/14 |
Notes | £ | £ |
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TURNOVER |
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Administrative expenses |
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OPERATING (LOSS)/PROFIT and |
(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION |
2 |
( |
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Tax on (loss)/profit on ordinary activities | 3 |
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(LOSS)/PROFIT FOR THE FINANCIAL
YEAR |
( |
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M&M2000 LIMITED (REGISTERED NUMBER: 08794687) |
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BALANCE SHEET |
30th November 2015 |
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2015 | 2014 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Profit and loss account | 9 | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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The financial statements were approved by the Board of Directors on
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M&M2000 LIMITED (REGISTERED NUMBER: 08794687) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30th November 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right to |
consideration and is recorded at the value of the consideration due. Where a contract has only been partially |
completed at the balance sheet date turnover represents the value of the service provided to date based on a |
proportion of the total expected consideration at completion. |
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Where payments are received from customers in advance of services provided, the amounts are recorded as |
Deferred Income and included as part of Creditors due within one year. |
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2. | OPERATING (LOSS)/PROFIT |
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The operating loss (2014 - operating profit) is stated after charging: |
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Period |
28/11/13 |
Year Ended | to |
30/11/15 | 30/11/14 |
£ | £ |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the loss on ordinary activities for the year was as follows: |
Period |
28/11/13 |
Year Ended | to |
30/11/15 | 30/11/14 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on (loss)/profit on ordinary activities |
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UK corporation tax has been charged at
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At the year-end there were tax losses of £6,525 available for set off against future assessable profits. |
M&M2000 LIMITED (REGISTERED NUMBER: 08794687) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30th November 2015 |
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4. | DIVIDENDS |
Period |
28/11/13 |
Year Ended | to |
30/11/15 | 30/11/14 |
£ | £ |
Ordinary A share of £1 |
Interim | - | 15,000 |
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5. | GOING CONCERN |
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The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a |
reasonable expectation that the company has adequate resources to continue in operational existence for the |
foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2015 | 2014 |
£ | £ |
Trade debtors | - | 15,000 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2015 | 2014 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £2 |
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Ordinary A | £1 |
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3 | 3 |
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9. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1st December 2014 |
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Deficit for the year | ( |
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At 30th November 2015 | ( |
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M&M2000 LIMITED (REGISTERED NUMBER: 08794687) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30th November 2015 |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the year ended 30th November 2015 and the |
period ended 30th November 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year | ( |
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11. | RELATED PARTY DISCLOSURES |
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During the year Mr M Spies Von Bullesheim received dividends of £0 (2014 - £15,000). |
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Included under creditors is an amount due to Mr M & Mrs M Spies Von Bullesheim the directors, of £4,288 |
(2014 - £19,970). This loan is interest free, unsecured and no fixed terms for repayment. |
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The ultimate controlling party was Mr M & Mrs M Spies Von Bullesheim, the directors and shareholders of the |
company. |