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REGISTERED NUMBER: 11699465 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 29 DECEMBER 2023

FOR

MP GROUP SERVICES LIMITED

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 16

MP GROUP SERVICES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023







DIRECTOR: L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 11699465 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

STATEMENT OF FINANCIAL POSITION
29 DECEMBER 2023

29.12.23 30.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,561 1,417

CURRENT ASSETS
Debtors 5 7,412,173 8,131,255
Cash in hand 1 1
7,412,174 8,131,256
CREDITORS
Amounts falling due within one year 6 (7,388,662 ) (8,109,325 )
NET CURRENT ASSETS 23,512 21,931
TOTAL ASSETS LESS CURRENT LIABILITIES 27,073 23,348

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 27,072 23,347
SHAREHOLDERS' FUNDS 27,073 23,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

STATEMENT OF FINANCIAL POSITION - continued
29 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 director and authorised for issue on 24 September 2024 and were signed by:





L C Freilich - Director


MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


1. STATUTORY INFORMATION

MP Group Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 31 December 2022 3,358
Additions 3,331
At 29 December 2023 6,689
DEPRECIATION
At 31 December 2022 1,941
Charge for period 1,187
At 29 December 2023 3,128
NET BOOK VALUE
At 29 December 2023 3,561
At 30 December 2022 1,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Trade debtors - 1,179,216
Amounts owed by group undertakings 5,556,329 6,868,310
Other debtors 1,855,844 83,729
7,412,173 8,131,255

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Trade creditors 207,560 100,805
Amounts owed to group undertakings 2,835,654 3,601,109
Taxation and social security 202,173 199,979
Other creditors 4,143,275 4,207,432
7,388,662 8,109,325

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.12.23 30.12.22
value: £    £   
1 Ordinary 1 1 1

8. RESERVES
Retained
earnings
£   

At 31 December 2022 23,347
Profit for the period 3,725
At 29 December 2023 27,072

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


9. RELATED PARTY DISCLOSURES

LFDO Developments Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due from related party at the balance sheet date 347,892 347,892

Woodberry Management Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due from related party at the balance sheet date 57,873 57,873

EMCO Properties Ltd
A company under the control of a close family member of the director and shareholder of this company.

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 13,151 3,591

MPG Payroll Services Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due from related party at the balance sheet date 30,000 -

Dunphys Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due from related party at the balance sheet date 136,638 118,379

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


Buy To Let Investments Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 402,382 402,382

Yishlet Properties Ltd
A company under common control

The amount is payable on demand.

2023 2022
2 £ £
Amount due from related party at the balance sheet date 290,108 280,108

The Feathers Chester Street Wrexham Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due from related party at the balance sheet date 93,164 53,164

Freehold Reversions 4 Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 96,855 96,855

Ground Rent Trading Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due from related party at the balance sheet date 720,478 658,103


MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

Ground Rent Trading (Liverpool) Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 202,062 212,062

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


Robshaw South West Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 17,175 17,175

Moreland Commercial Investments Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 19,386 19,386

Elyar Properties Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 46,576 46,576

9 Rosary Gardens Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 12,510 12,510


Lighthouse Building Management Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 66,470 71,470

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


Moreland Estate Management Ltd
A company under common control

The amount is payable on demand.

2023 2022
£ £
Amount due from/(to) related party at the balance sheet date 926,038 -173,6356


Moreland Estate Property Management Ltd
A company that the director is a shareholder of.

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 1,732,320


Moreland Property Group Ltd
The parent company.

The amount is payable on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 837,777 825,209

MW Freeholds Ltd

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 187,082 97,082

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


9. RELATED PARTY DISCLOSURES - continued

Ground Rent Investments (UK) Limited

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 67,083 67,083

Chancery Lane Investments Ltd

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 1,295,606 1,155,606

Residential Freeholds Ltd

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 1,797,577 1,715,577

The Ground Rent Trst Ltd

A company under common control


This amount is payable on demand.

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


9. RELATED PARTY DISCLOSURES - continued

8 Cole Street Ltd

A company under common control


This amount is payable on demand.

Edmund Kirby Ltd

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 7,385 7,385

Friars House Ltd

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 42,698 42,698

Reelstone Property Holdings Ltd

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 649,383 649,383

MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


9. RELATED PARTY DISCLOSURES - continued

392 to 402 Lillie Road Ltd

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from/(to) related party at the balance sheet date 28,634 (33,634 )

10. ULTIMATE CONTROLLING PARENT

The controlling party is Moreland Property Group Ltd.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MP GROUP SERVICES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MP Group Services Limited for the period ended 29 December 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MP Group Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MP Group Services Limited and state those matters that we have agreed to state to the director of MP Group Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MP Group Services Limited and its director for our work or for this report.

It is your duty to ensure that MP Group Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MP Group Services Limited. You consider that MP Group Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of MP Group Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


24 September 2024