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REGISTERED NUMBER: 12310320 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

MBRS Property Management Services Ltd

MBRS Property Management Services Ltd (Registered number: 12310320)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MBRS Property Management Services Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Faiza Member
Faisal Member





REGISTERED OFFICE: 11 Raleigh Road
Fulwood
Preston
PR2 9RU





REGISTERED NUMBER: 12310320 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

MBRS Property Management Services Ltd (Registered number: 12310320)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 55,300 55,300

CURRENT ASSETS
Debtors 5 575 575
Cash at bank 12,064 7,112
12,639 7,687
CREDITORS
Amounts falling due within one year 6 62,073 59,491
NET CURRENT LIABILITIES (49,434 ) (51,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,866

3,496

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,864 3,494
5,866 3,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

MBRS Property Management Services Ltd (Registered number: 12310320)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2024 and were signed on its behalf by:





Faisal Member - Director


MBRS Property Management Services Ltd (Registered number: 12310320)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

MBRS Property Management Services Ltd 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
Rent is accounted for on a receivable basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The total current liabilities exceed the total current assets of the company as at 30 November 2023. The directors have confirmed that the company will have continuous support from them. The directors are confident that the company has sufficient resources to trade as a going concern. It is for these reasons the accounts have been prepared as a going concern basis.

MBRS Property Management Services Ltd (Registered number: 12310320)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 55,300
NET BOOK VALUE
At 30 November 2023 55,300
At 30 November 2022 55,300

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/11/23 30/11/22
£    £   
Other debtors 575 575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Taxation and social security 1,025 1,013
Other creditors 61,048 58,478
62,073 59,491