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Company Registration No. 13301001 (England and Wales)
MNA Development Properties Ltd Unaudited accounts for the year ended 31 March 2023
MNA Development Properties Ltd Unaudited accounts Contents
Page
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MNA Development Properties Ltd Company Information for the year ended 31 March 2023
Director
Mr Milen Minchev
Company Number
13301001 (England and Wales)
Registered Office
421 WILLINGTON STREET MAIDSTONE ME15 8HD ENGLAND
Accountants
Prody Books Ltd The Old Library St Faith's Street Maidstone Kent ME14 1LH
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MNA Development Properties Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
93,398 
- 
Cash at bank and in hand
901 
47,767 
94,299 
47,767 
Creditors: amounts falling due within one year
(30,299)
(32,423)
Net current assets
64,000 
15,344 
Total assets less current liabilities
64,000 
15,344 
Creditors: amounts falling due after more than one year
(45,980)
- 
Net assets
18,020 
15,344 
Capital and reserves
Called up share capital
120 
100 
Profit and loss account
17,900 
15,244 
Shareholders' funds
18,020 
15,344 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 2 November 2023 and were signed on its behalf by
Mr Milen Minchev Director Company Registration No. 13301001
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MNA Development Properties Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MNA Development Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13301001. The registered office is 421 WILLINGTON STREET, MAIDSTONE, ME15 8HD, ENGLAND.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
623 
3,579 
Loans from directors
29,376 
28,564 
Accruals
300 
280 
30,299 
32,423 
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MNA Development Properties Ltd Notes to the Accounts for the year ended 31 March 2023
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
45,980 
- 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120 
100 
Shares issued during the period:
20 Ordinary shares of £1 each
20 
7
Transactions with related parties
Transactions with related party IK Transport Ltd introduced capital to the reporting entity amounted to £ 22,000. BMA Transport Ltd introduced capital to the reporting entity amounted to £24,000. Balances with related party IK Transport Ltd has credit balance of £21,990. BMA Transport Ltd has credit balance of £23,990.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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