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REGISTERED NUMBER: 00432670 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

M & V Property Services Limited

M & V Property Services Limited (Registered number: 00432670)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & V Property Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs M E Wilson
Mrs V A Taylor
W A T Wilson





SECRETARY: Mrs V A Taylor





REGISTERED OFFICE: Byefield House
Byefield Lane
Welland
Malvern
Worcestershire
WR13 6LW





REGISTERED NUMBER: 00432670 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

M & V Property Services Limited (Registered number: 00432670)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,015,000 1,550,000
2,015,000 1,550,000

CURRENT ASSETS
Debtors 6 5,374 11,302
Cash at bank 136,050 125,317
141,424 136,619
CREDITORS
Amounts falling due within one year 7 12,195 16,939
NET CURRENT ASSETS 129,229 119,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,144,229

1,669,680

CREDITORS
Amounts falling due after more than one year 8 (16,552 ) (17,654 )

PROVISIONS FOR LIABILITIES (25,000 ) (20,000 )
NET ASSETS 2,102,677 1,632,026

CAPITAL AND RESERVES
Called up share capital 10,950 10,950
Share premium 59,200 59,200
Fair value reserve 9 1,287,734 827,734
Capital redemption reserve 3,475 3,475
Retained earnings 741,318 730,667
SHAREHOLDERS' FUNDS 2,102,677 1,632,026

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

M & V Property Services Limited (Registered number: 00432670)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2024 and were signed on its behalf by:





Mrs V A Taylor - Director


M & V Property Services Limited (Registered number: 00432670)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

M & V Property Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

M & V Property Services Limited (Registered number: 00432670)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023 2,950
Disposals (2,950 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 2,950
Eliminated on disposal (2,950 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,550,000
Revaluations 465,000
At 31 March 2024 2,015,000
NET BOOK VALUE
At 31 March 2024 2,015,000
At 31 March 2023 1,550,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 2,015,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,462 10,385
Other debtors 912 917
5,374 11,302

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,523 1,523
Trade creditors - 5,686
Taxation and social security 6,075 5,283
Other creditors 4,597 4,447
12,195 16,939

M & V Property Services Limited (Registered number: 00432670)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,552 17,654

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 827,734
Fair value reserve movement 460,000

At 31 March 2024 1,287,734