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Company Registration No. 11393970 (England and Wales)
M&P Property Management Ltd Unaudited accounts for the year ended 30 June 2023
M&P Property Management Ltd Unaudited accounts Contents
Page
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M&P Property Management Ltd Company Information for the year ended 30 June 2023
Directors
Matthew Dracup Paula Dracup
Company Number
11393970 (England and Wales)
Registered Office
1 FIELDFARE WINSFORD CW7 3EB UNITED KINGDOM
Accountants
Walling Accountants Unit 1B Hallidays Farm Bilsborrow Preston PR3 0RU
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M&P Property Management Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
907 
1,209 
Investment property
284,413 
163,958 
285,320 
165,167 
Current assets
Cash at bank and in hand
6,228 
3,354 
Creditors: amounts falling due within one year
(86,931)
(51,588)
Net current liabilities
(80,703)
(48,234)
Total assets less current liabilities
204,617 
116,933 
Creditors: amounts falling due after more than one year
(204,455)
(119,091)
Net assets/(liabilities)
162 
(2,158)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
152 
(2,168)
Shareholders' funds
162 
(2,158)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 7 December 2023 and were signed on its behalf by
Matthew Dracup Director Company Registration No. 11393970
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M&P Property Management Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
M&P Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 11393970. The registered office is 1 FIELDFARE, WINSFORD, CW7 3EB, UNITED KINGDOM.
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 and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. T
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
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.
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M&P Property Management Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2022
3,823 
At 30 June 2023
3,823 
Depreciation
At 1 July 2022
2,614 
Charge for the year
302 
At 30 June 2023
2,916 
Net book value
At 30 June 2023
907 
At 30 June 2022
1,209 
5
Investment property
2023 
£ 
Fair value at 1 July 2022
163,958 
Additions
120,455 
At 30 June 2023
284,413 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
58 
- 
Loans from directors
86,453 
51,228 
Accruals
420 
360 
86,931 
51,588 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
204,455 
118,225 
Other creditors
- 
866 
204,455 
119,091 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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