Registered number
12190005
MDC Properties (Southam) Ltd
Filleted Accounts
30 September 2023
MDC Properties (Southam) Ltd
Registered number: 12190005
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 439,000 439,000
Current assets
Debtors 4 1,250 -
Cash at bank and in hand 17,984 10,860
19,234 10,860
Creditors: amounts falling due within one year 5 (209,752) (209,751)
Net current liabilities (190,518) (198,891)
Total assets less current liabilities 248,482 240,109
Creditors: amounts falling due after more than one year 6 (249,587) (249,459)
Net liabilities (1,105) (9,350)
Capital and reserves
Called up share capital 10 10
Profit and loss account (1,115) (9,360)
Shareholders' funds (1,105) (9,350)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M G Cefai
Director
Approved by the board on 12 January 2024
MDC Properties (Southam) Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2022 439,000
At 30 September 2023 439,000
Depreciation
At 30 September 2023 -
Net book value
At 30 September 2023 439,000
At 30 September 2022 439,000
4 Debtors 2023 2022
£ £
Trade debtors 1,250 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 209,752 209,751
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 249,587 249,459
7 Other information
MDC Properties (Southam) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Temperance House
Langdon Lane
Radway
Warwickshire
CV35 0UQ
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