Company Registration No. 10760555 (England and Wales)
MBH Property Developments Limited
Unaudited accounts
for the year ended 31 March 2023
MBH Property Developments Limited
Unaudited accounts
Contents
MBH Property Developments Limited
Company Information
for the year ended 31 March 2023
Directors
A P Maisey
S Maisey
T S Barrett
Company Number
10760555 (England and Wales)
Registered Office
24 Watermill Lane
North Stainley
Ripon
HG4 3LA
Accountants
Tarrens Accountants Limited
11 Wheatsheaf Close
Ripon
HG4 2SH
MBH Property Developments Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
298,014
315,126
Creditors: amounts falling due within one year
(6,143)
(6,721)
Net current assets
292,596
308,648
Net assets
293,146
309,307
Called up share capital
400
400
Share premium
199,800
199,800
Profit and loss account
92,946
109,107
Shareholders' funds
293,146
309,307
For the year ending 31 March 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by
A P Maisey
Director
Company Registration No. 10760555
MBH Property Developments Limited
Notes to the Accounts
for the year ended 31 March 2023
MBH Property Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 10760555. The registered office is 24 Watermill Lane , North Stainley, Ripon, HG4 3LA.
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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Computer equipment
33% straight line
Work in progress is calculated on a job completion basis. Taking into account costs incurred to date against the full costs and sales income generated at the point of completion.
MBH Property Developments Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
133 Ordinary A shares of £1 each
133
133
134 Ordinary B shares of £1 each
134
134
133 Ordinary D shares of £1 each
133
133
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Average number of employees
During the year the average number of employees was 1 (2022: 1).