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REGISTERED NUMBER: 08456128 (England and Wales)















Unaudited Financial Statements

for the Period 22 September 2022 to 30 September 2023

for

MHT PROPERTIES LIMITED

MHT PROPERTIES LIMITED (Registered number: 08456128)






Contents of the Financial Statements
for the Period 22 September 2022 to 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MHT PROPERTIES LIMITED

Company Information
for the Period 22 September 2022 to 30 September 2023







DIRECTORS: R T Goodman
Mrs C L Goodman





SECRETARY: Mrs C L Goodman





REGISTERED OFFICE: Private Road 7
Colwick Industrial Estate
Nottinghamshire
NG4 2JW





REGISTERED NUMBER: 08456128 (England and Wales)





ACCOUNTANTS: SP Accountancy Ltd
Lanes End
Ashover Road
Littlemoor
Chesterfield
Derbyshire
S45 0BL

MHT PROPERTIES LIMITED (Registered number: 08456128)

Balance Sheet
30 September 2023

30.9.23 21.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,540,000 2,460,000

CURRENT ASSETS
Debtors 5 43,480 43,742
Cash at bank 58,355 96,455
101,835 140,197
CREDITORS
Amounts falling due within one year 6 571,652 621,462
NET CURRENT LIABILITIES (469,817 ) (481,265 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,070,183

1,978,735

CREDITORS
Amounts falling due after more than
one year

7

(534,510

)

(618,780

)

PROVISIONS FOR LIABILITIES (103,149 ) (83,149 )
NET ASSETS 1,432,524 1,276,806

MHT PROPERTIES LIMITED (Registered number: 08456128)

Balance Sheet - continued
30 September 2023

30.9.23 21.9.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 488,451 428,451
Retained earnings 943,973 848,255
SHAREHOLDERS' FUNDS 1,432,524 1,276,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 21 November 2023 and were signed on its behalf by:





R T Goodman - Director


MHT PROPERTIES LIMITED (Registered number: 08456128)

Notes to the Financial Statements
for the Period 22 September 2022 to 30 September 2023

1. STATUTORY INFORMATION

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

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 period 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 period 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 period was NIL (2022 - NIL).

MHT PROPERTIES LIMITED (Registered number: 08456128)

Notes to the Financial Statements - continued
for the Period 22 September 2022 to 30 September 2023

4. INVESTMENT PROPERTY

The properties were valued at 15th of November 2023 by James McArthur LLB ( Hons) MRICS of NG Chartered Surveyors, Unit 8, Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham, NG12 4DG.

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2019 141,600
Valuation in 2020 232,000
Valuation in 2022 138,000
Valuation in 2023 80,000
Cost 1,948,400
2,540,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 21.9.22
£    £   
Trade debtors 43,099 43,197
Prepayments 381 545
43,480 43,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 21.9.22
£    £   
Bank loans and overdrafts 87,223 90,175
Trade creditors 908 -
Tax 26,720 28,877
Other creditors 326,950 326,950
Directors' current accounts 126,273 173,663
Accrued expenses 3,578 1,797
571,652 621,462

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.23 21.9.22
£    £   
Bank loans - 1-2 years 87,223 90,175
Bank loans - 2-5 years 242,502 261,359
Bank loans more 5 yr by instal 204,785 267,246
534,510 618,780

MHT PROPERTIES LIMITED (Registered number: 08456128)

Notes to the Financial Statements - continued
for the Period 22 September 2022 to 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.23 21.9.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 204,785 267,246

8. RESERVES
Fair
value
reserve
£   
At 22 September 2022 428,451
Revaluation in the year 60,000

At 30 September 2023 488,451