Registration number:
MFD Management Ltd
for the Year Ended 31 December 2016
93 Beaumont Road
Petts Wood
Orpington
Kent
BR5 1JH
MFD Management Ltd
Contents
Company Information |
|
Directors' Report |
|
Accountants' Report |
|
Profit and Loss Account |
|
Balance Sheet |
|
Notes to the Financial Statements |
MFD Management Ltd
Company Information
Directors |
Catherine Bishop Ian Leggett |
Company secretary |
Ian Leggett |
Registered office |
|
Accountants |
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Page 1 |
MFD Management Ltd
Directors' Report for the Year Ended 31 December 2016
The directors present their report and the financial statements for the year ended 31 December 2016.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is property management.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Catherine Bishop
Director
.........................................
Ian Leggett
Company secretary and director
Page 2 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
MFD Management Ltd
for the Year Ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MFD Management Ltd for the year ended 31 December 2016 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.
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
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of MFD Management Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MFD Management Ltd and state those matters that we have agreed to state to the Board of Directors of MFD Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MFD Management Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MFD Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of MFD Management Ltd. You consider that MFD Management Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MFD Management Ltd. 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 accounts.
......................................
Petts Wood
Orpington
Kent
BR5 1JH
Page 3 |
MFD Management Ltd
Profit and Loss Account for the Year Ended 31 December 2016
Note |
Total |
Total |
|
Turnover |
- |
- |
|
Operating profit/(loss) |
- |
- |
|
Profit/(loss) before tax |
- |
- |
|
Profit/(loss) for the financial year |
- |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Page 4 |
MFD Management Ltd
(Registration number: 08844636)
Balance Sheet as at 31 December 2016
Note |
2016 |
2015 |
|
Current assets |
|||
Cash at bank and in hand |
- |
|
|
Creditors: Amounts falling due within one year |
- |
( |
|
Net assets |
- |
|
|
Capital and reserves |
|||
Called up share capital |
- |
|
|
Total equity |
- |
|
For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Catherine Bishop
Director
.........................................
Ian Leggett
Company secretary and director
Page 5 |
MFD Management Ltd
Notes to the Financial Statements for the Year Ended 31 December 2016
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Creditors |
Note |
2016 |
2015 |
|
Due within one year |
|||
Other creditors |
- |
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Page 6 |
MFD Management Ltd
Notes to the Financial Statements for the Year Ended 31 December 2016
Page 7 |