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REGISTERED NUMBER: 10739924 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st May 2023

for

MPM Property Holdings (LS) Ltd

MPM Property Holdings (LS) Ltd (Registered number: 10739924)






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 (LS) 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: 10739924 (England and Wales)





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

MPM Property Holdings (LS) Ltd (Registered number: 10739924)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 600,000 435,372

CURRENT ASSETS
Debtors 5 4,212 3,541
Cash at bank and in hand 2,104 947
6,316 4,488
CREDITORS
Amounts falling due within one year 6 193,116 220,343
NET CURRENT LIABILITIES (186,800 ) (215,855 )
TOTAL ASSETS LESS CURRENT LIABILITIES 413,200 219,517

CREDITORS
Amounts falling due after more than one year 7 271,135 252,474
NET ASSETS/(LIABILITIES) 142,065 (32,957 )

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 164,628 -
Retained earnings (22,565 ) (32,959 )
142,065 (32,957 )

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 (LS) Ltd (Registered number: 10739924)

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

1. STATUTORY INFORMATION

MPM Property Holdings (LS) 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 are prepared on a going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

Turnover
Turnover comprises of rents received on investment properties and is charged to the Profit and Loss Account in the period to which it relates to.

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.

Investment property
Investment property is carried at fair value determined annually by external valuers and derived form the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st June 2022 435,372
Revaluations 164,628
At 31st May 2023 600,000
NET BOOK VALUE
At 31st May 2023 600,000
At 31st May 2022 435,372

MPM Property Holdings (LS) Ltd (Registered number: 10739924)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st May 2023 is represented by:

Land and
buildings
£   
Valuation in 2022 435,372
Cost 164,628
600,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,212 3,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,537 843
Other creditors 191,579 219,500
193,116 220,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 271,135 252,474

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 271,135 252,474

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 271,135 -

Bank loans due in more than one year are secured on a fixed and floating charge over the freehold
property known as 37 High Street, Little Shelford, Cambridge.

MPM Property Holdings (LS) Ltd (Registered number: 10739924)

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

9. RESERVES
Revaluation
reserve
£   
Movement in the year 164,628

At 31st May 2023 164,628