Company Registration No. 12295536 (England and Wales)
MB Property Creations Limited
Unaudited accounts
for the year ended 31 March 2024
MB Property Creations Limited
Unaudited accounts
Contents
MB Property Creations Limited
Company Information
for the year ended 31 March 2024
Company Number
12295536 (England and Wales)
Registered Office
46 Old Hadlow Road
Tonbridge
Kent
TN10 4EY
England
Accountants
ASTON STEELE
Aston House
Cotchford Hill,
Hartfield
Sussex
TN7 4HA
MB Property Creations Limited
Statement of financial position
as at 31 March 2024
Tangible assets
28,543
41,368
Cash at bank and in hand
123,963
236,275
Creditors: amounts falling due within one year
(56,160)
(161,256)
Net current assets
133,047
75,019
Total assets less current liabilities
161,590
116,387
Provisions for liabilities
Deferred tax
(7,100)
(7,900)
Net assets
154,490
108,487
Called up share capital
1,000
1,000
Profit and loss account
153,490
107,487
Shareholders' funds
154,490
108,487
For the year ending 31 March 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 October 2024 and were signed on its behalf by
Mathew Beer
Director
Company Registration No. 12295536
MB Property Creations Limited
Notes to the Accounts
for the year ended 31 March 2024
MB Property Creations Limited is a private company, limited by shares, registered in England and Wales, registration number 12295536. The registered office is 46 Old Hadlow Road, Tonbridge, Kent, TN10 4EY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Written Down Value
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MB Property Creations Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
58,716
34,223
92,939
At 31 March 2024
58,716
37,341
96,057
At 1 April 2023
35,229
16,342
51,571
Charge for the year
11,743
4,200
15,943
At 31 March 2024
46,972
20,542
67,514
At 31 March 2024
11,744
16,799
28,543
At 31 March 2023
23,487
17,881
41,368
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
20,771
52,617
Taxes and social security
30,150
24,481
Loans from directors
-
3,902
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).