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REGISTERED NUMBER: 10578700 (England and Wales)















M&B PROPERTY SOLUTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023






M&B PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 10578700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M&B PROPERTY SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: M Griffiths
B Griffiths





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 10578700 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

M&B PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 10578700)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 250,000 250,000

CURRENT ASSETS
Cash at bank 24,279 25,306

CREDITORS
Amounts falling due within one year 5 1,028 923
NET CURRENT ASSETS 23,251 24,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,251

274,383

PROVISIONS FOR LIABILITIES 39,162 39,162
NET ASSETS 234,089 235,221

CAPITAL AND RESERVES
Called up share capital 6 200 200
Revaluation reserve 7 166,952 166,952
Retained earnings 66,937 68,069
SHAREHOLDERS' FUNDS 234,089 235,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

M&B PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 10578700)

BALANCE SHEET - continued
31ST JANUARY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th July 2023 and were signed on its behalf by:





M Griffiths - Director


M&B PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 10578700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

M&B Property Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

M&B PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 10578700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2022
and 31st January 2023 250,000
NET BOOK VALUE
At 31st January 2023 250,000
At 31st January 2022 250,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 1,028 923

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

7. RESERVES
Revaluation
reserve
£   
At 1st February 2022
and 31st January 2023 166,952