Company registration number 08720340 (England and Wales)
MPAA (IC LEASE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
MPAA (IC LEASE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MPAA (IC LEASE) LIMITED
BALANCE SHEET
AS AT 30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
219
321
Creditors: amounts falling due within one year
3
(568)
(568)
Net current liabilities
(349)
(247)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(350)
(248)
Total equity
(349)
(247)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 29 November 2023 and are signed on its behalf by:
J Hobbs
Director
Company Registration No. 08720340
MPAA (IC LEASE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
1
Accounting policies
Company information

MPAA (IC Lease) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 114a Cromwell Road, London, SW7 4AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rent receivable.

1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial instruments classified as receivable or payable within one year are not amortised.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
MPAA (IC LEASE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
3
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
568
568
2023-04-302022-05-01false29 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityBrookingBignoldBoltonCooperHobbsQuickA Brookingfalse087203402022-05-012023-04-30087203402023-04-30087203402022-04-3008720340core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3008720340core:CurrentFinancialInstrumentscore:WithinOneYear2022-04-3008720340core:ShareCapital2023-04-3008720340core:ShareCapital2022-04-3008720340core:RetainedEarningsAccumulatedLosses2023-04-3008720340core:RetainedEarningsAccumulatedLosses2022-04-3008720340bus:Director42022-05-012023-04-30087203402021-05-012022-04-3008720340core:CurrentFinancialInstruments2023-04-3008720340core:CurrentFinancialInstruments2022-04-3008720340bus:PrivateLimitedCompanyLtd2022-05-012023-04-3008720340bus:SmallCompaniesRegimeForAccounts2022-05-012023-04-3008720340bus:FRS1022022-05-012023-04-3008720340bus:AuditExemptWithAccountantsReport2022-05-012023-04-3008720340bus:Director12022-05-012023-04-3008720340bus:Director22022-05-012023-04-3008720340bus:Director32022-05-012023-04-3008720340bus:Director52022-05-012023-04-3008720340bus:Director62022-05-012023-04-3008720340bus:CompanySecretary12022-05-012023-04-3008720340bus:FullAccounts2022-05-012023-04-30xbrli:purexbrli:sharesiso4217:GBP