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REGISTERED NUMBER: 11843977 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Madison Leigh Property Group Limited

Madison Leigh Property Group Limited (Registered number: 11843977)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountant's Report 6

Madison Leigh Property Group Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr D W Hughes
Mrs P Sand-Kristensen





SECRETARY:





REGISTERED OFFICE: 282 Leigh Road
Leigh On Sea
Essex
SS9 1BW





REGISTERED NUMBER: 11843977 (England and Wales)





ACCOUNTANT: Julie Walker FCCA
21a Link Way
Hornchurch
Essex
RM11 3RN

Madison Leigh Property Group Limited (Registered number: 11843977)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,149 516

CURRENT ASSETS
Stocks 500 500
Debtors 5 13,833 1,443
Cash at bank 4,050 20,468
18,383 22,411
CREDITORS
Amounts falling due within one year 6 19,302 22,799
NET CURRENT LIABILITIES (919 ) (388 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230

128

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 130 28
SHAREHOLDERS' FUNDS 230 128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:




Mr D W Hughes - Director


Madison Leigh Property Group Limited (Registered number: 11843977)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Madison Leigh Property Group Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

Madison Leigh Property Group Limited (Registered number: 11843977)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 688
Additions 1,035
At 28 February 2023 1,723
DEPRECIATION
At 1 March 2022 172
Charge for year 402
At 28 February 2023 574
NET BOOK VALUE
At 28 February 2023 1,149
At 28 February 2022 516

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 1,442
Other debtors 13,833 1
13,833 1,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 4,042 11,630
Trade creditors - 734
Amounts owed to group undertakings - 1,305
Taxation and social security 14,060 8,091
Other creditors 1,200 1,039
19,302 22,799

Madison Leigh Property Group Limited (Registered number: 11843977)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr D W Hughes
Balance outstanding at start of year - -
Amounts advanced 13,833 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,833 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,800 (2022 - £39,600) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is jointly held by the Directors.

Chartered Certified Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Madison Leigh Property Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Madison Leigh Property Group Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Madison Leigh Property Group Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Madison Leigh Property Group Limited and state those matters that I have agreed to state to the Board of Directors of Madison Leigh Property Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Madison Leigh Property Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Madison Leigh Property Group Limited. You consider that Madison Leigh Property Group Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Madison Leigh Property Group Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Julie Walker FCCA
21a Link Way
Hornchurch
Essex
RM11 3RN


6 October 2023