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REGISTERED NUMBER: 08347414 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

MCRB Property Limited

MCRB Property Limited (Registered number: 08347414)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCRB Property Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Miss R C Buckley
C S Buckley
B M Buckley





REGISTERED OFFICE: Rose Cottage
120 St John's Road
Newbold
Chesterfield
Derbyshire
S41 8TW





REGISTERED NUMBER: 08347414 (England and Wales)





ACCOUNTANTS: Hadfields Chartered Certified Accountants
Commerce House
658B Chatsworth Road
Chesterfield
Derbyshire
S40 3JZ

MCRB Property Limited (Registered number: 08347414)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 547 690
Investment property 5 575,000 575,000
575,547 575,690

CURRENT ASSETS
Debtors 6 14,535 3,360
Cash at bank 37,836 94,018
52,371 97,378
CREDITORS
Amounts falling due within one year 7 121,721 191,549
NET CURRENT LIABILITIES (69,350 ) (94,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,197

481,519

PROVISIONS FOR LIABILITIES 104 131
NET ASSETS 506,093 481,388

CAPITAL AND RESERVES
Called up share capital 999 999
Other reserves 279,270 279,270
Retained earnings 225,824 201,119
SHAREHOLDERS' FUNDS 506,093 481,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

MCRB Property Limited (Registered number: 08347414)

Balance Sheet - continued
31 January 2024


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 7 October 2024 and were signed on its behalf by:




B M Buckley - Director C S Buckley - Director




Miss R C Buckley - Director


MCRB Property Limited (Registered number: 08347414)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

MCRB Property 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.

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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents the total invoice value of rents and service charges made during the year. Income is recognised in the profit and loss account on an accruals basis in the period to which the rents and service charges relate.

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 - 20% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MCRB Property Limited (Registered number: 08347414)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 1,397
DEPRECIATION
At 1 February 2023 707
Charge for year 143
At 31 January 2024 850
NET BOOK VALUE
At 31 January 2024 547
At 31 January 2023 690

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 575,000
NET BOOK VALUE
At 31 January 2024 575,000
At 31 January 2023 575,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2014 15,350
Valuation in 2015 280,650
Valuation in 2021 279,000
575,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,552 2,357
Prepayments 983 1,003
14,535 3,360

MCRB Property Limited (Registered number: 08347414)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,527 335
Tax 5,822 6,402
VAT 819 1,799
Directors' current accounts 102,662 176,134
Accruals and deferred income 4,263 4,230
Accrued expenses 1,628 2,649
121,721 191,549