Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12449403 Ms Tina Singleton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12449403 2023-02-28 12449403 2024-02-29 12449403 2023-03-01 2024-02-29 12449403 frs-core:CurrentFinancialInstruments 2024-02-29 12449403 frs-core:FurnitureFittings 2024-02-29 12449403 frs-core:FurnitureFittings 2023-03-01 2024-02-29 12449403 frs-core:FurnitureFittings 2023-02-28 12449403 frs-core:ShareCapital 2024-02-29 12449403 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12449403 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12449403 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12449403 frs-bus:SmallEntities 2023-03-01 2024-02-29 12449403 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12449403 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12449403 frs-bus:Director1 2023-03-01 2024-02-29 12449403 frs-countries:EnglandWales 2023-03-01 2024-02-29 12449403 2022-02-28 12449403 2023-02-28 12449403 2022-03-01 2023-02-28 12449403 frs-core:CurrentFinancialInstruments 2023-02-28 12449403 frs-core:ShareCapital 2023-02-28 12449403 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12449403
MT Property Developers Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12449403
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,530 -
Investment Properties 5 3,344,189 -
3,361,719 -
CURRENT ASSETS
Debtors 6 6,243 1
Cash at bank and in hand 74,838 -
81,081 1
Creditors: Amounts Falling Due Within One Year 7 (3,459,033 ) -
NET CURRENT ASSETS (LIABILITIES) (3,377,952 ) 1
TOTAL ASSETS LESS CURRENT LIABILITIES (16,233 ) 1
NET (LIABILITIES)/ASSETS (16,233 ) 1
CAPITAL AND RESERVES
Called up share capital 8 7 1
Profit and Loss Account (16,240 ) -
SHAREHOLDERS' FUNDS (16,233) 1
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Tina Singleton
Director
04/09/2024
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
MT Property Developers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12449403 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Fixtures & Fittings 15% WDV
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 -
Additions 20,623
As at 29 February 2024 20,623
Depreciation
As at 1 March 2023 -
Provided during the period 3,093
As at 29 February 2024 3,093
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 17,530
As at 1 March 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 -
Additions 3,344,189
As at 29 February 2024 3,344,189
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,243 1
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,200 -
Amounts owed to participating interests 912,483 -
Other creditors 2,545,350 -
3,459,033 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 7 1
9. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Ms T Singleton totalling £2,545,350 (2023 - £0), no interest is to be charged.
Included in the Other Creditors is an amount owed to Accurate Roofing Ltd totalling £912,483 (2023 - £0), for which Ms T Singleton is a director. No interest is to be charged and no repayment terms have been agreed.
Page 4