IRIS Accounts Production v24.2.0.383 06644669 Board of Directors 1.8.23 31.7.24 31.7.24 No description of principal activity 0 0 false true false false true true Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066446692023-07-31066446692024-07-31066446692023-08-012024-07-31066446692022-07-31066446692022-08-012023-07-31066446692023-07-3106644669ns15:EnglandWales2023-08-012024-07-3106644669ns14:PoundSterling2023-08-012024-07-3106644669ns10:Director12023-08-012024-07-3106644669ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3106644669ns10:SmallEntities2023-08-012024-07-3106644669ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3106644669ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3106644669ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106644669ns10:FullAccounts2023-08-012024-07-3106644669ns10:EntityNoLongerTradingButTradedInPast2023-08-012024-07-3106644669ns10:OrdinaryShareClass12023-08-012024-07-3106644669ns10:Director22023-08-012024-07-3106644669ns10:RegisteredOffice2023-08-012024-07-3106644669ns5:CurrentFinancialInstruments2024-07-3106644669ns5:CurrentFinancialInstruments2023-07-3106644669ns5:ShareCapital2024-07-3106644669ns5:ShareCapital2023-07-3106644669ns5:RetainedEarningsAccumulatedLosses2024-07-3106644669ns5:RetainedEarningsAccumulatedLosses2023-07-3106644669ns10:OrdinaryShareClass12024-07-3106644669ns5:RetainedEarningsAccumulatedLosses2023-07-3106644669ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 06644669 (England and Wales)















MFP Real Estate (UK) Limited

Financial Statements

for the Year Ended 31 July 2024






MFP Real Estate (UK) Limited (Registered number: 06644669)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

MFP Real Estate (UK) Limited

Company Information
for the year ended 31 July 2024







Directors: Masahiro Honzawa
Frank Ward





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 06644669 (England and Wales)

MFP Real Estate (UK) Limited (Registered number: 06644669)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
Current assets
Debtors 4 100 100

Creditors
Amounts falling due within one year 5 797,880 797,880
Net current liabilities (797,780 ) (797,780 )
Total assets less current liabilities (797,780 ) (797,780 )

Capital and reserves
Called up share capital 6 100 100
Retained earnings 7 (797,880 ) (797,880 )
Shareholders' funds (797,780 ) (797,780 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 July 2024.

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

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 26 August 2024 and were signed on its behalf by:





Masahiro Honzawa - Director


MFP Real Estate (UK) Limited (Registered number: 06644669)

Notes to the Financial Statements
for the year ended 31 July 2024


1. 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

The company has not traded throughout the year.

Critical accounting judgements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies
The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price.

Trade receivables are assets due for services that have been acquired in the ordinary course of business from suppliers. Accounts receivables are classified as current assets if receipt is expected within one year or less. If not, they are presented as non-current assets. Trade receivables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

2. Employees and directors

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

3. Debtors: amounts falling due within one year
2024 2023
£ £
Called up share capital not paid 100 100

MFP Real Estate (UK) Limited (Registered number: 06644669)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings 796,220 796,220
Accruals and deferred income 1,660 1,660
797,880 797,880

5. Called up share capital

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
100 Share capital 1 £1 100 100

6. Reserves
Retained
earnings
£

At 1 August 2023 (797,880 )
Profit for the year -
At 31 July 2024 (797,880 )

7. Related party disclosures

At the balance sheet date the company owed MFP Real Estate LLC £796,220 (2023 - £796,220).

8. Ultimate controlling party

MFP Real Estate LLC (incorporated in USA) is regarded by the directors as being the company's ultimate parent company.