Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-282021-12-28222020-12-29falseDevelopment and sale of propertytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10842228 2020-12-29 2021-12-28 10842228 2019-12-29 2020-12-28 10842228 2021-12-28 10842228 2020-12-28 10842228 c:CompanySecretary1 2020-12-29 2021-12-28 10842228 c:Director1 2020-12-29 2021-12-28 10842228 c:Director2 2020-12-29 2021-12-28 10842228 c:RegisteredOffice 2020-12-29 2021-12-28 10842228 c:Agent1 2020-12-29 2021-12-28 10842228 d:CurrentFinancialInstruments 2021-12-28 10842228 d:CurrentFinancialInstruments 2020-12-28 10842228 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-28 10842228 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-28 10842228 d:ShareCapital 2021-12-28 10842228 d:ShareCapital 2020-12-28 10842228 d:RetainedEarningsAccumulatedLosses 2021-12-28 10842228 d:RetainedEarningsAccumulatedLosses 2020-12-28 10842228 c:FRS102 2020-12-29 2021-12-28 10842228 c:AuditExempt-NoAccountantsReport 2020-12-29 2021-12-28 10842228 c:FullAccounts 2020-12-29 2021-12-28 10842228 c:PrivateLimitedCompanyLtd 2020-12-29 2021-12-28 iso4217:GBP xbrli:pure
Registered Number:10842228













M & A PROPERTY DEVELOPMENTS LIMITED




UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 DECEMBER 2021











 
M & A PROPERTY DEVELOPMENTS LIMITED
 

 
COMPANY INFORMATION


Directors
A R Milner-Moore 
M P Withey 




Company secretary
J Lee



Registered number
10842228



Registered office
The Sawmill Colchester Road
Wix

Manningtree

Essex

CO11 2RS




Accountants
Scrutton Bland LLP
Chartered Accountants

Fitzroy House

Crown Street

Ipswich

Suffolk

IP1 3LG




Bankers
Lloyds Bank Plc
Lloyds Avenue

Cornhill

Ipswich

Suffolk

IP1 1DG






 
M & A PROPERTY DEVELOPMENTS LIMITED
 


CONTENTS



Pages
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 7



 
M & A PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER:10842228


BALANCE SHEET
AS AT 28 DECEMBER 2021

2021
2020
Notes
£
£

  

Current assets
  

Stocks
 5 
394,997
563,399

Debtors: amounts falling due within one year
 6 
9,255
8,232

Cash at bank and in hand
  
276,965
86,081

  
681,217
657,712

Creditors: amounts falling due within one year
 7 
(153,283)
(418,007)

Net current assets
  
 
 
527,934
 
 
239,705

Total assets less current liabilities
  
527,934
239,705

Provision for liabilities
  

Deferred tax
  
(621)
(621)

  
 
 
(621)
 
 
(621)

Net assets
  
527,313
239,084


- 1 -



 
M & A PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER:10842228

    
BALANCE SHEET (CONTINUED)
AS AT 28 DECEMBER 2021

2021
2020
£
£

Capital and reserves
  

Called up share capital 
  
40
40

Profit and loss account
  
527,273
239,044

Shareholder's funds
  
527,313
239,084


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 August 2022.




A R Milner-Moore
Director

The notes on pages 3 to 7 form part of these financial statements.


- 2 -



 
M & A PROPERTY DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 DECEMBER 2021

1.


General information

M & A Property Developments Limited is a Company limited by share capital, incorporated in England and
Wales, registration number 10842228. The registered office is The Sawmill Colchester Road, Wix, Manningtree, Essex, United Kingdom, CO11 2RS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Forecasting indicates that liabilities will continue to be met as they fall due for a period of at least 12 months following the date of accounts approval. The accounts are therefore prepared on a going concern basis.
In forming this opinion the directors confirm their view that the Company will continue to trade.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.


- 3 -



 
M & A PROPERTY DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 DECEMBER 2021

2.Accounting policies (continued)

  
2.3

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in the Profit and Loss Account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax are determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


- 4 -



 
M & A PROPERTY DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

Debtors, creditors and financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and Loss Account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


- 5 -



 
M & A PROPERTY DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 DECEMBER 2021

2.Accounting policies (continued)

  
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Preparation of the financial statements requires management to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are based on experiences and other factors that are considered to be relevant. Actual results may differ from these estimates. The main estimation area included within the accounts is stocks.


4.


Employees

The average monthly number of employees, including directors, during the period was 2 (2020 - 2).


5.


Stocks

2021
2020
£
£

Work in progress (goods to be sold)
394,997
563,399



6.


Debtors

2021
2020
£
£


Trade debtors
3,498
5,090

Other debtors
5,757
3,142

9,255
8,232



- 6 -



 
M & A PROPERTY DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loan (secured)
-
353,222

Payments received on account
20,000
-

Trade creditors
39,112
29,832

Corporation tax payable
80,288
25,526

Other creditors
11,933
7,527

Accruals and deferred income
1,950
1,900

153,283
418,007



8.


Related party transactions

All related party transactions have been undertaken under normal commercial terms.

 

- 7 -