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REGISTERED NUMBER: 07596420 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

M K PROPERTY & LETTING LIMITED

M K PROPERTY & LETTING LIMITED (REGISTERED NUMBER: 07596420)






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 K PROPERTY & LETTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Miss S Kaddah
S Kaddah
M Kaddah
Miss D Kaddah





SECRETARY:





REGISTERED OFFICE: Flat 61 Forest House
Russell Cotes Road
Bournemouth
BH1 3UB





REGISTERED NUMBER: 07596420 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH

M K PROPERTY & LETTING LIMITED (REGISTERED NUMBER: 07596420)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,063,574 1,080,942

CURRENT ASSETS
Debtors 5 23,563 18,666
Cash at bank 6,731 5,073
30,294 23,739
CREDITORS
Amounts falling due within one year 6 188,408 214,845
NET CURRENT LIABILITIES (158,114 ) (191,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

905,460

889,836

PROVISIONS FOR LIABILITIES 10,353 10,353
NET ASSETS 895,107 879,483

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 895,007 879,383
895,107 879,483

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 K PROPERTY & LETTING LIMITED (REGISTERED NUMBER: 07596420)

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 16 August 2024 and were signed on its behalf by:





M Kaddah - Director


M K PROPERTY & LETTING LIMITED (REGISTERED NUMBER: 07596420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

M K Property & Letting 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.

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.

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 2 (2023 - 2 ) .

M K PROPERTY & LETTING LIMITED (REGISTERED NUMBER: 07596420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,011,472 159,115 1,170,587
DEPRECIATION
At 1 April 2023 - 89,645 89,645
Charge for year - 17,368 17,368
At 31 March 2024 - 107,013 107,013
NET BOOK VALUE
At 31 March 2024 1,011,472 52,102 1,063,574
At 31 March 2023 1,011,472 69,470 1,080,942

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,700 20,803
Other debtors (2,137 ) (2,137 )
23,563 18,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,924 29,088
Trade creditors - 16,000
Taxation and social security 11,015 6,597
Other creditors 156,469 163,160
188,408 214,845