IRIS Accounts Production v23.3.0.418 SC191825 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1918252022-03-31SC1918252023-03-31SC1918252022-04-012023-03-31SC1918252021-03-31SC1918252021-04-012022-03-31SC1918252022-03-31SC191825ns10:Originalns15:Scotland2022-04-012023-03-31SC191825ns14:PoundSterlingns10:Original2022-04-012023-03-31SC191825ns10:Originalns10:Director12022-04-012023-03-31SC191825ns10:Original2022-04-012023-03-31SC191825ns10:Original2023-03-31SC191825ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC191825ns10:Originalns10:SmallEntities2022-04-012023-03-31SC191825ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC191825ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC191825ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC191825ns10:Originalns10:AbridgedAccounts2022-04-012023-03-31SC191825ns10:Originalns10:Director22022-04-012023-03-31SC191825ns10:Originalns10:Director32022-04-012023-03-31SC191825ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC191825ns10:Original2022-03-31SC191825ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC191825ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC191825ns5:ShareCapitalns10:Original2023-03-31SC191825ns5:ShareCapitalns10:Original2022-03-31SC191825ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31SC191825ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC191825ns10:Original2021-04-012022-03-31SC191825ns10:Originalns5:DeferredTaxation2022-03-31SC191825ns10:Originalns5:DeferredTaxation2022-04-012023-03-31SC191825ns10:Originalns5:DeferredTaxation2023-03-31
REGISTERED NUMBER: SC191825 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

MPH Properties Ltd.

MPH Properties Ltd. (Registered number: SC191825)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MPH Properties Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Ross
Mrs P A Ross
Ms H A Ross





REGISTERED OFFICE: 9 Rowallan Road
Thornliebank
Glasgow
G46 7EP





REGISTERED NUMBER: SC191825 (Scotland)






MPH Properties Ltd. (Registered number: SC191825)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 504,456 547,116

CURRENT ASSETS
Debtors - 1,944
Cash at bank 41,624 80,484
41,624 82,428
CREDITORS
Amounts falling due within one year 251,095 289,263
NET CURRENT LIABILITIES (209,471 ) (206,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,985

340,281

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 294,983 340,279
294,985 340,281

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:



M Ross - Director


MPH Properties Ltd. (Registered number: SC191825)

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

1. STATUTORY INFORMATION

MPH Properties Ltd. is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed asset investments
Fixed asset investments are included at market value. Movements in the market value of investments are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

MPH Properties Ltd. (Registered number: SC191825)

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2022 547,116
Income less expenses during year 3,610
Revaluations (46,270 )
At 31 March 2023 504,456
NET BOOK VALUE
At 31 March 2023 504,456
At 31 March 2022 547,116

Cost or valuation at 31 March 2023 is represented by:
Totals
£   
Valuation in 2023 504,456

5. DEFERRED TAX
£   
Balance at 1 April 2022 (1,944 )
Charge to Statement of Income and Retained Earnings during year 1,944
Balance at 31 March 2023 -

Due to ongoing volatility in the financial markets the directors have decided not to recognise any deferred tax asset in relation to fair value adjustments applied to the company's financial investments.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an amount due to Mrs P A Ross amounting to £247,208 (2022 - £285,376).