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REGISTERED NUMBER: 09871506 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st May 2023

for

MPM PROPERTY HOLDINGS (VFS) LTD

MPM PROPERTY HOLDINGS (VFS) LTD (Registered number: 09871506)






Contents of the Financial Statements
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MPM PROPERTY HOLDINGS (VFS) LTD

Company Information
For The Year Ended 31st May 2023







DIRECTORS: R Mutty
Mrs E Mutty





REGISTERED OFFICE: 3 Station Court
Great Shelford
Cambridge
CB22 5NE





REGISTERED NUMBER: 09871506 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

MPM PROPERTY HOLDINGS (VFS) LTD (Registered number: 09871506)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 400,000 400,000

CURRENT ASSETS
Debtors 5 417,115 417,430
Cash at bank 1,440 1,730
418,555 419,160
CREDITORS
Amounts falling due within one year 6 9,573 10,103
NET CURRENT ASSETS 408,982 409,057
TOTAL ASSETS LESS CURRENT LIABILITIES 808,982 809,057

CREDITORS
Amounts falling due after more than one year 7 (305,565 ) (305,583 )

PROVISIONS FOR LIABILITIES (76,000 ) (76,000 )
NET ASSETS 427,417 427,474

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 427,415 427,472
427,417 427,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 13th February 2024 and were signed on its behalf by:





R Mutty - Director


MPM PROPERTY HOLDINGS (VFS) LTD (Registered number: 09871506)

Notes to the Financial Statements
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

MPM PROPERTY HOLDINGS (VFS) 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.

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.

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).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st June 2022
and 31st May 2023 400,000
NET BOOK VALUE
At 31st May 2023 400,000
At 31st May 2022 400,000

MPM PROPERTY HOLDINGS (VFS) LTD (Registered number: 09871506)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 417,115 417,430

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 70 38
Other creditors 9,503 10,065
9,573 10,103

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 305,565 305,583

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 305,565 -

Bank Loan due in more than one year of £305,565 are secured with fixed and floating charge over long term leasehold property known as Flat2,57 High Street,Trumpington,Cambridge,CB2 NHZ.