Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12279267 Mr Milovan Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12279267 2022-10-31 12279267 2023-10-31 12279267 2022-11-01 2023-10-31 12279267 frs-core:Non-currentFinancialInstruments 2023-10-31 12279267 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 12279267 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12279267 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 12279267 frs-core:RevaluationReserve 2022-10-31 12279267 frs-core:RevaluationReserve 2023-10-31 12279267 frs-core:ShareCapital 2023-10-31 12279267 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12279267 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12279267 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12279267 frs-bus:SmallEntities 2022-11-01 2023-10-31 12279267 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12279267 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12279267 frs-bus:Director1 2022-11-01 2023-10-31 12279267 frs-countries:EnglandWales 2022-11-01 2023-10-31 12279267 2021-10-31 12279267 2022-10-31 12279267 2021-11-01 2022-10-31 12279267 frs-core:Non-currentFinancialInstruments 2022-10-31 12279267 frs-core:RevaluationReserve 2022-10-31 12279267 frs-core:ShareCapital 2022-10-31 12279267 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12279267
MVP Property Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12279267
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 385,000 385,000
385,000 385,000
CURRENT ASSETS
Cash at bank and in hand 1,782 926
1,782 926
Creditors: Amounts Falling Due Within One Year 5 (78,244 ) (86,931 )
NET CURRENT ASSETS (LIABILITIES) (76,462 ) (86,005 )
TOTAL ASSETS LESS CURRENT LIABILITIES 308,538 298,995
Creditors: Amounts Falling Due After More Than One Year 6 (282,253 ) (282,271 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,774 ) (6,774 )
NET ASSETS 19,511 9,950
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 28,878 28,878
Profit and Loss Account (9,467 ) (19,028 )
SHAREHOLDERS' FUNDS 19,511 9,950
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Milovan Johnson
Director
31/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MVP Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12279267 . The registered office is Unit 2, Vipers Wharf, Railway Lane, Lewes, East Sussex, BN7 2AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 November 2022 385,000
As at 31 October 2023 385,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2023 385,000
As at 1 November 2022 385,000
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 78,244 86,931
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 282,253 282,271
7. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the assets of the company.
2023 2022
£ £
Bank loans and overdrafts 282,271 282,271
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 November 2022 28,878
As at 31 October 2023 28,878
Page 4