Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12333852 2022-06-01 2023-05-31 12333852 2021-06-01 2022-05-31 12333852 2023-05-31 12333852 2022-05-31 12333852 c:Director1 2022-06-01 2023-05-31 12333852 d:CurrentFinancialInstruments 2023-05-31 12333852 d:CurrentFinancialInstruments 2022-05-31 12333852 d:Non-currentFinancialInstruments 2023-05-31 12333852 d:Non-currentFinancialInstruments 2022-05-31 12333852 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12333852 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12333852 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12333852 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 12333852 d:ShareCapital 2023-05-31 12333852 d:ShareCapital 2022-05-31 12333852 d:RetainedEarningsAccumulatedLosses 2023-05-31 12333852 d:RetainedEarningsAccumulatedLosses 2022-05-31 12333852 c:OrdinaryShareClass1 2022-06-01 2023-05-31 12333852 c:OrdinaryShareClass1 2023-05-31 12333852 c:OrdinaryShareClass1 2022-05-31 12333852 c:FRS102 2022-06-01 2023-05-31 12333852 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12333852 c:FullAccounts 2022-06-01 2023-05-31 12333852 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12333852









MPM PROPERTIES (FY) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
MPM PROPERTIES (FY) LTD
REGISTERED NUMBER: 12333852

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Stocks
 4 
1,860,957
1,202,769

Debtors: amounts falling due within one year
 5 
72,969
5,613

Cash at bank and in hand
  
169,700
94,958

  
2,103,626
1,303,340

Creditors: amounts falling due within one year
 6 
(2,228,773)
(615,624)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(125,147)
 
 
687,716

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(125,147)
687,716

Creditors: amounts falling due after more than one year
 7 
-
(828,800)

  

NET LIABILITIES
  
(125,147)
(141,084)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
(126,147)
(142,084)

  
(125,147)
(141,084)


Page 1

 
MPM PROPERTIES (FY) LTD
REGISTERED NUMBER: 12333852
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





R Mutty
Director

Date: 21 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MPM PROPERTIES (FY) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


GENERAL INFORMATION

MPM Properties (FY) Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 3 Station Court, Great Shelford, Cambridge, England, CB22 5NE.                  

The Company's presentational and functional currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company incurred a loss for the year and had net liabilities of £125,147 (2022 -  £141,084) as at 31 May 2023. 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 liabiities as they fall due.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

  
2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is calculated as the total costs incurred on the development project to the balance sheet and includes labour, attributable overheads and cost of finance and interest on loans advanced to finance a specific project.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
MPM PROPERTIES (FY) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


STOCKS

2023
2022
£
£

Work in progress
1,860,957
1,202,769



5.


DEBTORS

2023
2022
£
£


Other debtors
256
3,893

Prepayments and accrued income
72,713
1,720

72,969
5,613



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
-
555,035

Other loans
2,121,394
-

Trade creditors
5,522
20,240

Other creditors
6,756
6,756

Accruals and deferred income
95,101
33,593

2,228,773
615,624


Other loans are secured over the Freehold Property known as The Emperor Public House, Hills Road, Cambridge.

Page 4

 
MPM PROPERTIES (FY) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Other loans
-
828,800


Other loans are secured over the Freehold Property known as The Emperor Public House, Hills Road, Cambridge.


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,000 (2022 - 1,000) Ordinary share shares of £1.00 each
1,000
1,000


 
Page 5