Company Registration No. 12715358 (England and Wales)
MARTIN HOME SWEET COMPANY LIMITED
Unaudited accounts
for the period from 2 July 2020 to 31 December 2021
MARTIN HOME SWEET COMPANY LIMITED
Unaudited accounts
Contents
MARTIN HOME SWEET COMPANY LIMITED
Company Information
for the period from 2 July 2020 to 31 December 2021
Director
Wai Tung Martin LEE
Company Number
12715358 (England and Wales)
Registered Office
20 BURTON ROAD
MANCHESTER
GREATER MANCHESTER
M20 3ED
ENGLAND
Accountants
Lams Accountants
20 Burton Road
Didsbury
Manchester
Greater Manchester
M20 3ED
MARTIN HOME SWEET COMPANY LIMITED
Statement of financial position
as at
31 December 2021
Investment property
244,221
Cash at bank and in hand
33,308
Creditors: amounts falling due within one year
(315,313)
Net current liabilities
(282,005)
Called up share capital
1
Profit and loss account
(37,785)
Shareholders' funds
(37,784)
For the period ending 31 December 2021 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 11 March 2022 and were signed on its behalf by
Wai Tung Martin LEE
Director
Company Registration No. 12715358
MARTIN HOME SWEET COMPANY LIMITED
Notes to the Accounts
for the period from 2 July 2020 to 31 December 2021
MARTIN HOME SWEET COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12715358. The registered office is 20 BURTON ROAD, MANCHESTER, GREATER MANCHESTER, M20 3ED, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investment property
2021
At 31 December 2021
244,221
5
Creditors: amounts falling due within one year
2021
Loans from directors
313,468
MARTIN HOME SWEET COMPANY LIMITED
Notes to the Accounts
for the period from 2 July 2020 to 31 December 2021
6
Average number of employees
During the period the average number of employees was 2.