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Company Registration No. 09268298 (England and Wales)
MHB Property Developments Ltd Unaudited accounts for the year ended 31 October 2023
MHB Property Developments Ltd Unaudited accounts Contents
Page
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MHB Property Developments Ltd Company Information for the year ended 31 October 2023
Directors
Martin Henry Bennett Julie Milik
Secretary
Julie Milik
Company Number
09268298 (England and Wales)
Registered Office
Thatched Cottage Newtown Worlingworth Suffolk IP13 7HR England
Accountants
Accounting Solutions Anglia Ltd 13 Cornflower Road Jaywick Sands Clacton on Sea Essex CO15 2RZ
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MHB Property Developments Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
130,000 
- 
Current assets
Debtors
904 
13,895 
Cash at bank and in hand
29,577 
42,108 
30,481 
56,003 
Creditors: amounts falling due within one year
(35,130)
(21,419)
Net current (liabilities)/assets
(4,649)
34,584 
Total assets less current liabilities
125,351 
34,584 
Creditors: amounts falling due after more than one year
(98,953)
(15,936)
Net assets
26,398 
18,648 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
26,388 
18,638 
Shareholders' funds
26,398 
18,648 
For the year ending 31 October 2023 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 30 July 2024 and were signed on its behalf by
Martin Henry Bennett Director Company Registration No. 09268298
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MHB Property Developments Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MHB Property Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 09268298. The registered office is Thatched Cottage, Newtown, Worlingworth, Suffolk, IP13 7HR, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
10%
Computer equipment
33.3%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2022
- 
Additions
130,000 
At 31 October 2023
130,000 
Depreciation
At 31 October 2023
- 
Net book value
At 31 October 2023
130,000 
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MHB Property Developments Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
904 
2,788 
Other debtors
- 
11,107 
904 
13,895 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,774 
194 
Other creditors
550 
550 
Loans from directors
86 
- 
Accruals
30,720 
20,675 
35,130 
21,419 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
90,000 
- 
Taxes and social security
- 
2,505 
Deferred income
8,953 
13,431 
98,953 
15,936 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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