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REGISTERED NUMBER: 10003710 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

MADS PROPERTY GROUP LTD

MADS PROPERTY GROUP LTD (REGISTERED NUMBER: 10003710)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MADS PROPERTY GROUP LTD

Company Information
for the Year Ended 31st March 2023







DIRECTORS: M J Scappaticci
Mrs D A Scappaticci





REGISTERED OFFICE: 26 Birch Grove
Eastleigh
United Kingdom
SO50 4PY





REGISTERED NUMBER: 10003710 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

MADS PROPERTY GROUP LTD (REGISTERED NUMBER: 10003710)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 100 100
Investment property 6 101,967 101,967
102,067 102,067

CURRENT ASSETS
Debtors 7 7,674 4,924
Cash at bank 9,050 10,287
16,724 15,211
CREDITORS
Amounts falling due within one year 8 1,645 3,843
NET CURRENT ASSETS 15,079 11,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,146

113,435

CREDITORS
Amounts falling due after more than one
year

9

138,022

143,550
NET LIABILITIES (20,876 ) (30,115 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,976 ) (30,215 )
SHAREHOLDERS' FUNDS (20,876 ) (30,115 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

MADS PROPERTY GROUP LTD (REGISTERED NUMBER: 10003710)

Balance Sheet - continued
31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th November 2023 and were signed on its behalf by:





Mrs D A Scappaticci - Director


MADS PROPERTY GROUP LTD (REGISTERED NUMBER: 10003710)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

MADS Property Group Ltd 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.

At 31st March 2023 the company's liabilities exceeded its assets by £20,876. These accounts have been prepared on the going concern basis as the Director will not seek repayment of his outstanding loan until such time as funds permit, and will continue to provide sufficient finance for a minimum 12 months from approval of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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 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 NIL (2022 - NIL).

MADS PROPERTY GROUP LTD (REGISTERED NUMBER: 10003710)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 43 1,385 1,428
DEPRECIATION
At 1st April 2022
and 31st March 2023 43 1,385 1,428
NET BOOK VALUE
At 31st March 2023 - - -
At 31st March 2022 - - -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 100
NET BOOK VALUE
At 31st March 2023 100
At 31st March 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 101,967
NET BOOK VALUE
At 31st March 2023 101,967
At 31st March 2022 101,967

Included in fair value of investment property is freehold land of £ 100,615 (2022 - £ 100,615 ) which is not depreciated.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 7,650 4,900
Other debtors 24 24
7,674 4,924

MADS PROPERTY GROUP LTD (REGISTERED NUMBER: 10003710)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,645 3,843

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 138,022 143,550

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 68,250 68,250

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
M J Scappaticci and Mrs D A Scappaticci
Balance outstanding at start of year 77,348 81,463
Amounts advanced 747 602
Amounts repaid (8,322 ) (4,717 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,773 77,348

11. RELATED PARTY DISCLOSURES

As at 31st March 2023 the company had loaned Warnford Calf Shed Limited £7,650 (2022: £4,900). This interest free loan is repayable on demand. The company owns 50% of the shares in Warnford Calf Shed Limited.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, and equal shareholders, Mrs D.A. Scappaticci and M.J. Scappaticci.