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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
Page
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MB Property Creations Limited Company Information for the year ended 31 March 2024
Director
Mathew Beer
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
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MB Property Creations Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,543 
41,368 
Current assets
Debtors
65,244 
- 
Cash at bank and in hand
123,963 
236,275 
189,207 
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 
Capital and reserves
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
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MB Property Creations Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Additions
- 
3,118 
3,118 
At 31 March 2024
58,716 
37,341 
96,057 
Depreciation
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 
Net book value
At 31 March 2024
11,744 
16,799 
28,543 
At 31 March 2023
23,487 
17,881 
41,368 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,590 
- 
Other debtors
63,654 
- 
65,244 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
25,067 
Trade creditors
20,771 
52,617 
Taxes and social security
30,150 
24,481 
Other creditors
600 
- 
Loans from directors
- 
3,902 
Accruals
4,639 
1,815 
Deferred income
- 
53,374 
56,160 
161,256 
7
Share capital
2024 
2023 
£ 
£ 
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).
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