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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
Page
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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
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MBH Property Developments Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
550 
659 
Current assets
Debtors
725 
243 
Cash at bank and in hand
298,014 
315,126 
298,739 
315,369 
Creditors: amounts falling due within one year
(6,143)
(6,721)
Net current assets
292,596 
308,648 
Net assets
293,146 
309,307 
Capital and reserves
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
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MBH Property Developments Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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MBH Property Developments Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
2,428 
At 31 March 2023
2,428 
Depreciation
At 1 April 2022
1,769 
Charge for the year
109 
At 31 March 2023
1,878 
Net book value
At 31 March 2023
550 
At 31 March 2022
659 
5
Share capital
2023 
2022 
£ 
£ 
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 
400 
400 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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