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REGISTERED NUMBER: 11070827 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

MPRG Limited

MPRG Limited (Registered number: 11070827)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MPRG Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr M P Reid-Smith





REGISTERED OFFICE: Lister House
49 Lister Road
Wellingborough
Northamptonshire
NN8 4EL





REGISTERED NUMBER: 11070827 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

MPRG Limited (Registered number: 11070827)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 228,036 236,780
Investment property 5 500,000 500,000
728,036 736,780

CURRENT ASSETS
Debtors 6 994,100 580,100
Cash at bank 30,370 102,855
1,024,470 682,955
CREDITORS
Amounts falling due within one year 7 8,808 1,201
NET CURRENT ASSETS 1,015,662 681,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,743,698

1,418,534

CAPITAL AND RESERVES
Called up share capital 8 550 550
Revaluation reserve 9 73,933 73,933
Retained earnings 1,669,215 1,344,051
SHAREHOLDERS' FUNDS 1,743,698 1,418,534

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

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

The director acknowledges his 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.

MPRG Limited (Registered number: 11070827)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2023 and were signed by:





Mr M P Reid-Smith - Director


MPRG Limited (Registered number: 11070827)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

MPRG 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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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).

MPRG Limited (Registered number: 11070827)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST OR VALUATION
At 1 August 2022 54,268 182,512 236,780
Additions - 250 250
Disposals - (479 ) (479 )
Revaluations - (8,515 ) (8,515 )
At 31 July 2023 54,268 173,768 228,036
NET BOOK VALUE
At 31 July 2023 54,268 173,768 228,036
At 31 July 2022 54,268 182,512 236,780

Cost or valuation at 31 July 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£ £ £
Valuation in 2023 54,268 173,768 228,036

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 August 2022
and 31 July 2023 500,000
NET BOOK VALUE
At 31 July 2023 500,000
At 31 July 2022 500,000

Fair value at 31 July 2023 is represented by:
£
Valuation in 2023 500,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£ £
Cost 426,067 426,067

Investment property was valued on at an open market basis on 31 July 2022 by the director .

MPRG Limited (Registered number: 11070827)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 994,000 579,000
Other debtors 100 1,100
994,100 580,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings 1,100 -
Taxation and social security 6,507 -
Other creditors 1,201 1,201
8,808 1,201

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
550 Ordinary 1 550 550

9. RESERVES
Revaluation
reserve
£
At 1 August 2022
and 31 July 2023 73,933

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£ £
Mr M P Reid-Smith
Balance outstanding at start of year 100 100
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100 100