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REGISTERED NUMBER: 08190545 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 August 2023

for

M H Property Investments Limited

M H Property Investments Limited (Registered number: 08190545)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M H Property Investments Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: M E C Hill
Mrs M Hill
Mrs L E Brooks
Mrs A C Perrey





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





BUSINESS ADDRESS: Lucas House
Wolverley Village
Kidderminster
Worcestershire
DY11 5XE





REGISTERED NUMBER: 08190545 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

M H Property Investments Limited (Registered number: 08190545)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,454,913 1,130,000

CURRENT ASSETS
Debtors 5 - 39,195
Cash at bank 42,038 39,969
42,038 79,164
CREDITORS
Amounts falling due within one year 6 370,589 295,135
NET CURRENT LIABILITIES (328,551 ) (215,971 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,126,362

914,029

CREDITORS
Amounts falling due after more than one
year

7

(633,935

)

(480,620

)

PROVISIONS FOR LIABILITIES (30,000 ) (28,000 )
NET ASSETS 462,427 405,409

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 118,066 120,066
Retained earnings 9 344,261 285,243
SHAREHOLDERS' FUNDS 462,427 405,409

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 October 2023 and were signed on its behalf by:



M E C Hill - Director


M H Property Investments Limited (Registered number: 08190545)

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

1. STATUTORY INFORMATION

M H Property Investments 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.

Turnover
Turnover represents rents receivable from the letting of the company's property.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 September 2022 1,130,000
Additions 324,913
At 31 August 2023 1,454,913
NET BOOK VALUE
At 31 August 2023 1,454,913
At 31 August 2022 1,130,000


M H Property Investments Limited (Registered number: 08190545)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 39,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,079 13,872
Taxation and social security 19,465 16,457
Other creditors 329,045 264,806
370,589 295,135

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 633,935 480,620

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments 553,286 426,798

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 656,014 494,492

The bank loans are secured on the investment property by fixed charges.

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2022 285,243 120,066 405,309
Profit for the year 57,018 57,018
Fair value reserve movement 2,000 (2,000 ) -
At 31 August 2023 344,261 118,066 462,327

10. RELATED PARTY DISCLOSURES

The amount due to the directors at the end of the year was £306,731 (2022: £245,980).