Company Registration No. 10823949 (England and Wales)
Linden Hill - Capital Homes - MNWR Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 June 2020
Linden Hill - Capital Homes - MNWR Limited
UNAUDITED FINANCIAL STATEMENTS
Contents
Linden Hill - Capital Homes - MNWR Limited
Company Information
for the year ended 30 June 2020
Company Number
10823949 (England and Wales)
Registered Office
55
Grosvenor Street
London
W1K 3HY
United Kingdom
Linden Hill - Capital Homes - MNWR Limited
Statement of financial position
as at
30 June 2020
Inventories
2,493,658
880,528
Cash at bank and in hand
470,543
970
Creditors: amounts falling due within one year
(57,036)
(33,315)
Net current assets
3,021,070
852,165
Total assets less current liabilities
3,021,070
852,165
Creditors: amounts falling due after more than one year
(3,036,126)
(863,997)
Net liabilities
(15,056)
(11,832)
Called up share capital
100
100
Profit and loss account
(15,156)
(11,932)
Shareholders' funds
(15,056)
(11,832)
For the year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2021 and were signed on its behalf by
H S Al-Mishwit
Director
Company Registration No. 10823949
Linden Hill - Capital Homes - MNWR Limited
Notes to the Accounts
for the year ended 30 June 2020
Linden Hill - Capital Homes - MNWR Limited is a private company, limited by shares, registered in England and Wales, registration number 10823949. The registered office is 55, Grosvenor Street, London, W1K 3HY, United Kingdom.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.
Equity instruments issued by the company are recorded at the proceeds received net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Work in progress
2,493,658
880,528
Linden Hill - Capital Homes - MNWR Limited
Notes to the Accounts
for the year ended 30 June 2020
4
Debtors: amounts falling due within one year
2020
2019
Other debtors
106,100
3,982
5
Creditors: amounts falling due within one year
2020
2019
Trade creditors
57,036
13,220
6
Creditors: amounts falling due after more than one year
2020
2019
Amounts owed to group undertakings and other participating interests
1,623,036
863,997
Other creditors
1,413,090
-
Included in other creditors are loans secured against the assets of the company.
7
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).