Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseThe company was incorporated on 8 july 2020 and began trading on that date. The principal activity during the period was that of residential property development.00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12728305 2022-06-01 2023-05-31 12728305 2021-06-01 2022-05-31 12728305 2023-05-31 12728305 2022-05-31 12728305 c:Director1 2022-06-01 2023-05-31 12728305 d:CurrentFinancialInstruments 2023-05-31 12728305 d:CurrentFinancialInstruments 2022-05-31 12728305 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12728305 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12728305 d:ShareCapital 2023-05-31 12728305 d:ShareCapital 2022-05-31 12728305 d:RetainedEarningsAccumulatedLosses 2023-05-31 12728305 d:RetainedEarningsAccumulatedLosses 2022-05-31 12728305 c:OrdinaryShareClass1 2022-06-01 2023-05-31 12728305 c:OrdinaryShareClass1 2023-05-31 12728305 c:OrdinaryShareClass1 2022-05-31 12728305 c:OrdinaryShareClass2 2022-06-01 2023-05-31 12728305 c:OrdinaryShareClass2 2023-05-31 12728305 c:OrdinaryShareClass2 2022-05-31 12728305 c:OrdinaryShareClass3 2022-06-01 2023-05-31 12728305 c:OrdinaryShareClass3 2023-05-31 12728305 c:FRS102 2022-06-01 2023-05-31 12728305 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12728305 c:FullAccounts 2022-06-01 2023-05-31 12728305 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12728305









MPM PROPERTIES (TH) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
MPM PROPERTIES (TH) LTD
REGISTERED NUMBER: 12728305

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Stocks
  
54,934
33,609

Debtors: amounts falling due within one year
 3 
3,174
196

Cash at bank and in hand
  
1,627
4,385

  
59,735
38,190

Creditors: amounts falling due within one year
 4 
(68,970)
(40,842)

NET CURRENT LIABILITIES
  
 
 
(9,235)
 
 
(2,652)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(9,235)
(2,652)

  

NET LIABILITIES
  
(9,235)
(2,652)


CAPITAL AND RESERVES
  

Called up share capital 
 5 
20
12

Profit and loss account
  
(9,255)
(2,664)

  
(9,235)
(2,652)


Page 1

 
MPM PROPERTIES (TH) LTD
REGISTERED NUMBER: 12728305
    
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: 14 February 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

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

1.


GENERAL INFORMATION

MPM Properties (TH) Limited is a private company limited by shares and incorporated in England and Wales. It's registered office is 3 Station Court, Great Shelford ,Cambridge ,CB22 5NE. 
The 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

TURNOVER

Turnover represents management charges,which are recognised when the services are provided.

 
2.3

GOING CONCERN

The Company incurred a loss for the period and as at 31 May 2023 had net liabilities of £9,235 (2022: £2,652). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from the directors to provide sufficient funds to enable it to meet its liabilities as they fall due. 

 
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 incurrect 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

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.

 
2.6

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.

Page 3

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

3.


DEBTORS

2023
2022
£
£


Other debtors
2,834
196

Prepayments
340
-

3,174
196



4.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
20,308
3,305

Other creditors
34,909
36,078

Amounts owed to group undertakings
8,524
-

Accruals and deferred income
5,229
1,459

68,970
40,842



5.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



6 (2022 - 6) Ordinary A shares of £1 each
6
6
6 (2022 - 6) Ordinary B shares of £1 each
6
6
8 (2022 - 0) Ordinary C shares of £1 each
8
-

20

12


During the year, 8 £1 Ordinary C shares were issued at par.

 
Page 4