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REGISTERED NUMBER: 07377316 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

MDS Property Limited

MDS Property Limited (Registered number: 07377316)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MDS Property Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: Mrs T Scattergood
M D Scattergood





REGISTERED OFFICE: 10 Lambersitch Drive
Overseal
Swadlincote
Derbyshire
DE12 6NZ





REGISTERED NUMBER: 07377316 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

MDS Property Limited (Registered number: 07377316)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,546 2,418
Investment property 5 563,671 563,671
565,217 566,089

CURRENT ASSETS
Cash at bank 433 4,522

CREDITORS
Amounts falling due within one year 6 546,544 553,098
NET CURRENT LIABILITIES (546,111 ) (548,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,106

17,513

PROVISIONS FOR LIABILITIES 294 459
NET ASSETS 18,812 17,054

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 18,810 17,052
SHAREHOLDERS' FUNDS 18,812 17,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

MDS Property Limited (Registered number: 07377316)

Balance Sheet - continued
5 April 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 28 June 2024 and were signed on its behalf by:




Mrs T Scattergood - Director



M D Scattergood - Director


MDS Property Limited (Registered number: 07377316)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

MDS Property 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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MDS Property Limited (Registered number: 07377316)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 4,549
DEPRECIATION
At 6 April 2023 2,131
Charge for year 872
At 5 April 2024 3,003
NET BOOK VALUE
At 5 April 2024 1,546
At 5 April 2023 2,418

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 563,671
NET BOOK VALUE
At 5 April 2024 563,671
At 5 April 2023 563,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 237,470 244,242
Trade creditors - 253
Tax 813 1,621
Social security and other taxes - 359
Other creditors - 1,048
Directors' current accounts 307,452 304,826
Accrued expenses 809 749
546,544 553,098

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
1 A Ordinary £1.00 1 1
1 B Ordinary £1.00 1 1
2 2

MDS Property Limited (Registered number: 07377316)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £3,000) were paid to the directors .