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
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
MXR Properties Limited
Statement of financial position
as at 31 January 2024
Investment property
59,135
59,135
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)
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
MXR Properties Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Fair value at 1 February 2023
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
Loans from directors
44,800
49,800
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).