1 February 2023 false No description of principal activity Taxfiler 2023.15 12415578business:PrivateLimitedCompanyLtd2023-02-012024-01-31 124155782023-01-31 124155782023-02-012024-01-31 12415578business:AuditExemptWithAccountantsReport2023-02-012024-01-31 12415578business:FilletedAccounts2023-02-012024-01-31 124155782024-01-31 12415578business:Director12023-02-012024-01-31 12415578business:Director22023-02-012024-01-31 12415578business:Director32023-02-012024-01-31 12415578business:Director42023-02-012024-01-31 12415578business:RegisteredOffice2023-02-012024-01-31 124155782023-01-31 12415578core:WithinOneYear2024-01-31 12415578core:WithinOneYear2023-01-31 12415578core:AfterOneYear2024-01-31 12415578core:AfterOneYear2023-01-31 12415578core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 12415578core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 12415578core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 12415578core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 12415578core:PreviouslyStatedAmount2024-01-31 12415578core:PreviouslyStatedAmount2023-01-31 12415578business:SmallEntities2023-02-012024-01-31 12415578countries:EnglandWales2023-02-012024-01-31 124155782022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12415578 (England and Wales)
MXR Properties Limited Unaudited accounts for the year ended 31 January 2024
MXR Properties Limited Unaudited accounts Contents
Page
- 2 -
MXR Properties Limited Company Information for the year ended 31 January 2024
Directors
Matthew Taylor Sarah Read Robert Read Jake Taylor
Company Number
12415578 (England and Wales)
Registered Office
MX RACING MAIN ROAD DONINGTON ON BAIN LOUTH LN11 9TJ UNITED KINGDOM
Accountants
Elliott Accountancy Services Ltd Rosemary Cottage Barkwith Road South Willingham Lincolnshire LN8 6NN
- 3 -
MXR Properties Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
59,135 
59,135 
Current assets
Cash at bank and in hand
1,472 
764 
Creditors: amounts falling due within one year
(1,261)
(930)
Net current assets/(liabilities)
211 
(166)
Total assets less current liabilities
59,346 
58,969 
Creditors: amounts falling due after more than one year
(45,250)
(50,250)
Net assets
14,096 
8,719 
Capital and reserves
Called up share capital
400 
400 
Profit and loss account
13,696 
8,319 
Shareholders' funds
14,096 
8,719 
For the year ending 31 January 2024 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 15 March 2024 and were signed on its behalf by
Sarah Read Director Company Registration No. 12415578
- 4 -
MXR Properties Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
MXR Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12415578. The registered office is MX RACING MAIN ROAD, DONINGTON ON BAIN, LOUTH, LN11 9TJ, 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.
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.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
59,135 
At 31 January 2024
59,135 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,261 
930 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
450 
450 
Loans from directors
44,800 
49,800 
45,250 
50,250 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -