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REGISTERED NUMBER: 11940683 (England and Wales)















MISSION PROPERTY INVESTMENT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






MISSION PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 11940683)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MISSION PROPERTY INVESTMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J Whetlor
Mr S Warmington





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 11940683 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

MISSION PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 11940683)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 445,659 445,659

CURRENT ASSETS
Debtors 5 1,646 2,409
Cash at bank 39,211 47,654
40,857 50,063
CREDITORS
Amounts falling due within one year 6 (459,836 ) (467,038 )
NET CURRENT LIABILITIES (418,979 ) (416,975 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,680

28,684

CREDITORS
Amounts falling due after more than one year 7 (14,166 ) (24,167 )
NET ASSETS 12,514 4,517

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,512 4,515
12,514 4,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

MISSION PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 11940683)

BALANCE SHEET - continued
31 DECEMBER 2023


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 6 September 2024 and were signed on its behalf by:





Mr J Whetlor - Director


MISSION PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 11940683)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mission Property Investment Ltd 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 445,659
NET BOOK VALUE
At 31 December 2023 445,659
At 31 December 2022 445,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,644 1,707
Amounts owed by group undertakings 2 2
Sundry debtors - 700
1,646 2,409

MISSION PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 11940683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 270,903 279,881
Trade creditors 748 28
Corporation Tax 1,876 -
Sundry creditors 175,709 176,409
Accrued expenses 600 720
459,836 467,038

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 14,166 24,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,166 24,167