Caseware UK (AP4) 2023.0.135 2023.0.135 true00falseNo description of principal activity2022-12-23falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14555852 2022-12-22 14555852 2022-12-23 2023-12-31 14555852 2021-12-23 2022-12-22 14555852 2023-12-31 14555852 c:Director1 2022-12-23 2023-12-31 14555852 d:FreeholdInvestmentProperty 2022-12-23 2023-12-31 14555852 d:FreeholdInvestmentProperty 2023-12-31 14555852 d:CurrentFinancialInstruments 2023-12-31 14555852 d:Non-currentFinancialInstruments 2023-12-31 14555852 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14555852 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14555852 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 14555852 d:ShareCapital 2023-12-31 14555852 c:FRS102 2022-12-23 2023-12-31 14555852 c:AuditExempt-NoAccountantsReport 2022-12-23 2023-12-31 14555852 c:FullAccounts 2022-12-23 2023-12-31 14555852 c:PrivateLimitedCompanyLtd 2022-12-23 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14555852










MTA HOMES LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 December 2023

 
MTA HOMES LTD
Registered number: 14555852

Balance sheet
As at 31 December 2023

2023
Note
£

Fixed assets
  

Investment property
  
1,118,311

  
1,118,311

Current assets
  

Debtors: amounts falling due within one year
 5 
8,000

Cash at bank and in hand
 6 
10,984

  
18,984

Creditors: amounts falling due within one year
 7 
(307,067)

Net current (liabilities)/assets
  
 
 
(288,083)

Total assets less current liabilities
  
830,228

Creditors: amounts falling due after more than one year
 8 
(830,128)

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
  
100

  
100


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2024.




Page 1

 
MTA HOMES LTD
Registered number: 14555852
    
Balance sheet (continued)
As at 31 December 2023

M Y Aksler
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MTA HOMES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

1.


General information

MTA Homes Ltd is a private company limited by shares and registered in England and Wales. The
registered address is 126 Gladesmore Road, London, N15 6TH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
MTA HOMES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

The average monthly number of employees, including directors, during the period was 0.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,118,311



At 31 December 2023
1,118,311

The 2023 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
£


Historic cost
1,118,311

1,118,311


5.


Debtors

2023
£


Trade debtors
8,000

8,000

Page 4

 
MTA HOMES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

5.Debtors (continued)



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
10,985

10,985



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
120

Corporation tax
179

Other creditors
306,048

Accruals and deferred income
720

307,067


Page 5

 
MTA HOMES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

8.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
830,128

830,128


The following liabilities were secured:

2023
£



Bank loans
830,128

830,128

Details of security provided:

Bank loans are secured by way of fixed charge over the company's property.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
£


Repayable other than by instalments
830,128

830,128




9.


Loans


Analysis of the maturity of loans is given below:


2023
£




Amounts falling due after more than 5 years

Bank loans
830,128

830,128


 
Page 6