Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10490798 Mr Mark Ashcroft Mrs Patricia Ashcroft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10490798 2022-11-30 10490798 2023-11-30 10490798 2022-12-01 2023-11-30 10490798 frs-core:CurrentFinancialInstruments 2023-11-30 10490798 frs-core:MotorVehicles 2023-11-30 10490798 frs-core:MotorVehicles 2022-12-01 2023-11-30 10490798 frs-core:MotorVehicles 2022-11-30 10490798 frs-core:ShareCapital 2023-11-30 10490798 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10490798 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10490798 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10490798 frs-bus:SmallEntities 2022-12-01 2023-11-30 10490798 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10490798 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10490798 frs-bus:Director1 2022-12-01 2023-11-30 10490798 frs-bus:Director2 2022-12-01 2023-11-30 10490798 frs-countries:EnglandWales 2022-12-01 2023-11-30 10490798 2021-11-30 10490798 2022-11-30 10490798 2021-12-01 2022-11-30 10490798 frs-core:CurrentFinancialInstruments 2022-11-30 10490798 frs-core:ShareCapital 2022-11-30 10490798 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10490798
MPA Property Developments Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
TaxAssist Accountants - Ashby
2b Derby Road
Ashby-De-La-Zouch
Leicestershire
LE65 2HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10490798
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,919 13,838
6,919 13,838
CURRENT ASSETS
Stocks 5 361,569 223,076
Debtors 6 5,415 2,798
Cash at bank and in hand 3,678 48,780
370,662 274,654
Creditors: Amounts Falling Due Within One Year 7 (397,665 ) (287,671 )
NET CURRENT ASSETS (LIABILITIES) (27,003 ) (13,017 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,084 ) 821
NET (LIABILITIES)/ASSETS (20,084 ) 821
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (20,184 ) 721
SHAREHOLDERS' FUNDS (20,084) 821
Page 1
Page 2
For the year ending 30 November 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.
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 Mark Ashcroft
Director
23rd August 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
MPA Property Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10490798 . The registered office is 16 Nethercote Newton Burgoland, Coalville, Leicestershire, LE67 2ST.
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. 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:
Motor Vehicles 20% Flat Rate
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on all associated project and development cost specific to each project and released accordingly when revenue for the development is realised.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:2 2 (2022: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 December 2022 34,595
As at 30 November 2023 34,595
Depreciation
As at 1 December 2022 20,757
Provided during the period 6,919
As at 30 November 2023 27,676
Net Book Value
As at 30 November 2023 6,919
As at 1 December 2022 13,838
5. Stocks
2023 2022
£ £
Work in progress 361,569 223,076
Work in progress is recognised on two seperate projects which also includes land associated with the eventual sale of the two residential develpments.
As at the 30th November 2023, Work in Progress amounted to £361,569 Of this £98,750 related to the value of land associated with these projects.
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6. Debtors
2023 2022
£ £
Due within one year
VAT (Debtors < 1 year) 5,315 2,698
Called up share capital not paid 100 100
5,415 2,798
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) 1
Directors' loan accounts 397,666 287,670
397,665 287,671
The Directors Loan is investment of working capital associated with the project developments. It has no prescribed method of repayment and no interest charges have been incurred for the loan.
8. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
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