IRIS Accounts Production v24.1.0.578 13878423 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138784232023-03-31138784232024-03-31138784232023-04-012024-03-31138784232022-01-27138784232022-01-282023-03-31138784232023-03-3113878423ns15:EnglandWales2023-04-012024-03-3113878423ns14:PoundSterling2023-04-012024-03-3113878423ns10:Director12023-04-012024-03-3113878423ns10:Director22023-04-012024-03-3113878423ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113878423ns10:SmallEntities2023-04-012024-03-3113878423ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113878423ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113878423ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113878423ns10:FullAccounts2023-04-012024-03-3113878423ns10:RegisteredOffice2023-04-012024-03-3113878423ns5:CurrentFinancialInstruments2024-03-3113878423ns5:CurrentFinancialInstruments2023-03-3113878423ns5:ShareCapital2024-03-3113878423ns5:ShareCapital2023-03-3113878423ns5:RetainedEarningsAccumulatedLosses2024-03-3113878423ns5:RetainedEarningsAccumulatedLosses2023-03-3113878423ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113878423ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 13878423 (England and Wales)















MIGRANT PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






MIGRANT PROPERTIES LIMITED (REGISTERED NUMBER: 13878423)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIGRANT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr M Kriteman
Mr G Kriteman





REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 13878423 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

MIGRANT PROPERTIES LIMITED (REGISTERED NUMBER: 13878423)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,718,632 1,718,632

CURRENT ASSETS
Debtors 5 2,768 1,470
Cash at bank 36,719 29,498
39,487 30,968
CREDITORS
Amounts falling due within one year 6 1,556,702 1,646,542
NET CURRENT LIABILITIES (1,517,215 ) (1,615,574 )
TOTAL ASSETS LESS CURRENT LIABILITIES 201,417 103,058

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,317 102,958
201,417 103,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MIGRANT PROPERTIES LIMITED (REGISTERED NUMBER: 13878423)

BALANCE SHEET - continued
31ST MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th April 2024 and were signed on its behalf by:




Mr M Kriteman - Director



Mr G Kriteman - Director


MIGRANT PROPERTIES LIMITED (REGISTERED NUMBER: 13878423)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Migrant Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises of rent receivable for the period.

Investment property
Investment properties are stated at cost which comprises the original purchase price plus associated legal and professional fees relating to the acquisition together with the cost of any renovations required to allow the property to be let.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MIGRANT PROPERTIES LIMITED (REGISTERED NUMBER: 13878423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 1,718,632
NET BOOK VALUE
At 31st March 2024 1,718,632
At 31st March 2023 1,718,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,768 1,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 35,611 29,351
Other creditors 1,521,091 1,617,191
1,556,702 1,646,542

7. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year is £1,495,591 due to the directors which is interest free,unsecured and with no specific terms for repayment.