Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09144329 Mrs Shaheen Begum Mr Munir Hussain Mr Awais Hussain Mr Samad Hussain Mrs Shaheen Begum iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09144329 2022-12-31 09144329 2023-12-31 09144329 2023-01-01 2023-12-31 09144329 frs-core:Non-currentFinancialInstruments 2023-12-31 09144329 frs-core:RevaluationReserve 2022-12-31 09144329 frs-core:RevaluationReserve 2023-12-31 09144329 frs-core:ShareCapital 2023-12-31 09144329 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09144329 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09144329 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 09144329 frs-bus:SmallEntities 2023-01-01 2023-12-31 09144329 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09144329 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09144329 frs-bus:Director1 2023-01-01 2023-12-31 09144329 frs-bus:Director2 2023-01-01 2023-12-31 09144329 frs-bus:Director3 2023-01-01 2023-12-31 09144329 frs-bus:Director4 2023-01-01 2023-12-31 09144329 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 09144329 frs-countries:EnglandWales 2023-01-01 2023-12-31 09144329 2021-12-31 09144329 2022-12-31 09144329 2022-01-01 2022-12-31 09144329 frs-core:Non-currentFinancialInstruments 2022-12-31 09144329 frs-core:RevaluationReserve 2022-12-31 09144329 frs-core:ShareCapital 2022-12-31 09144329 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09144329
MH Property And Land Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Cooper Young & Partners Ltd
Chartered Accountants
Hunter House
109 Snakes Lane West
Woodford Green
Essex
IG8 0DY
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09144329
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 6,995,740 6,844,130
6,995,740 6,844,130
CURRENT ASSETS
Debtors 7,343 13,228
Cash at bank and in hand 1,038,366 1,610,244
1,045,709 1,623,472
Creditors: Amounts Falling Due Within One Year (536,922 ) (539,744 )
NET CURRENT ASSETS (LIABILITIES) 508,787 1,083,728
TOTAL ASSETS LESS CURRENT LIABILITIES 7,504,527 7,927,858
Creditors: Amounts Falling Due After More Than One Year (4,147,474 ) (4,737,474 )
NET ASSETS 3,357,053 3,190,384
CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Revaluation reserve 6 1,987,038 1,987,038
Profit and Loss Account 1,369,015 1,202,346
SHAREHOLDERS' FUNDS 3,357,053 3,190,384
Page 1
Page 2
For the year ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Munir Hussain
Director
20 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
MH Property And Land Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09144329 . The registered office is 28 Desborough Park Road, High Wycombe, Bucks, HP12 3BQ.
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 rents of Investment properties. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 6,844,130
Additions 151,610
As at 31 December 2023 6,995,740
Page 3
Page 4
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
6. Reserves
Revaluation Reserve
£
As at 1 January 2023 1,987,038
As at 31 December 2023 1,987,038
Page 4