M P Property Construction Limited 13193027 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is buying and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13193027 2022-03-01 2023-02-28 13193027 2023-02-28 13193027 bus:OrdinaryShareClass1 2023-02-28 13193027 bus:Revised 2023-02-28 13193027 core:CurrentFinancialInstruments 2023-02-28 13193027 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13193027 core:FurnitureFittingsToolsEquipment 2023-02-28 13193027 core:LandBuildings 2023-02-28 13193027 bus:SmallEntities 2022-03-01 2023-02-28 13193027 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 13193027 bus:FullAccounts 2022-03-01 2023-02-28 13193027 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13193027 bus:RegisteredOffice 2022-03-01 2023-02-28 13193027 bus:Director1 2022-03-01 2023-02-28 13193027 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 13193027 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13193027 core:RevaluationReserve core:LandBuildings 2022-03-01 2023-02-28 13193027 core:LandBuildings 2022-03-01 2023-02-28 13193027 countries:England 2022-03-01 2023-02-28 13193027 2022-02-28 13193027 core:FurnitureFittingsToolsEquipment 2022-02-28 13193027 core:LandBuildings 2022-02-28 13193027 2021-02-10 2022-02-28 13193027 2022-02-28 13193027 bus:OrdinaryShareClass1 2022-02-28 13193027 core:CurrentFinancialInstruments 2022-02-28 13193027 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 13193027 core:FurnitureFittingsToolsEquipment 2022-02-28 13193027 core:LandBuildings 2022-02-28 13193027 core:RevaluationReserve core:LandBuildings 2021-02-10 2022-02-28 13193027 core:LandBuildings 2021-02-10 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13193027

M P Property Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

M P Property Construction Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

M P Property Construction Limited

Company Information

Director

Mr P J Carty

Registered office

26 High Street
Rickmansworth
WD3 1ER

Accountants

DJM Accountants BLJ Limited
26 High Street
Rickmansworth
WD3 1ER

 

M P Property Construction Limited

(Registration number: 13193027)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

481,750

481,750

Current assets

 

Debtors

5

17,424

17,424

Creditors: Amounts falling due within one year

6

(26,129)

(26,129)

Net current liabilities

 

(8,705)

(8,705)

Net assets

 

473,045

473,045

Capital and reserves

 

Called up share capital

7

300,000

300,000

Revaluation reserve

110,500

110,500

Retained earnings

62,545

62,545

Shareholders' funds

 

473,045

473,045

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

M P Property Construction Limited

(Registration number: 13193027)
Balance Sheet as at 28 February 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 February 2024
 

.........................................
Mr P J Carty
Director

 

M P Property Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26 High Street
Rickmansworth
WD3 1ER

These financial statements were authorised for issue by the director on 13 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

M P Property Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

M P Property Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

448,000

45,000

493,000

At 28 February 2023

448,000

45,000

493,000

Depreciation

At 1 March 2022

-

11,250

11,250

At 28 February 2023

-

11,250

11,250

Carrying amount

At 28 February 2023

448,000

33,750

481,750

At 28 February 2022

448,000

33,750

481,750

Included within the net book value of land and buildings above is £448,000 (2022 - £448,000) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Other debtors

17,424

17,424

 

M P Property Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

11,199

11,200

Accruals and deferred income

11,556

11,556

Other creditors

3,374

3,373

26,129

26,129

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

300,000

300,000

300,000

300,000

         

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

110,500

110,500

The changes to each component of equity resulting from items of other comprehensive income for the prior period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

110,500

110,500