Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11764490 Mr Nicholas Jamieson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11764490 2023-01-31 11764490 2024-01-31 11764490 2023-02-01 2024-01-31 11764490 frs-core:CurrentFinancialInstruments 2024-01-31 11764490 frs-core:Non-currentFinancialInstruments 2024-01-31 11764490 frs-core:FurnitureFittings 2024-01-31 11764490 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11764490 frs-core:FurnitureFittings 2023-01-31 11764490 frs-core:MotorVehicles 2024-01-31 11764490 frs-core:MotorVehicles 2023-02-01 2024-01-31 11764490 frs-core:MotorVehicles 2023-01-31 11764490 frs-core:ShareCapital 2024-01-31 11764490 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11764490 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11764490 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11764490 frs-bus:SmallEntities 2023-02-01 2024-01-31 11764490 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11764490 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11764490 frs-bus:Director1 2023-02-01 2024-01-31 11764490 frs-countries:EnglandWales 2023-02-01 2024-01-31 11764490 2022-01-31 11764490 2023-01-31 11764490 2022-02-01 2023-01-31 11764490 frs-core:CurrentFinancialInstruments 2023-01-31 11764490 frs-core:Non-currentFinancialInstruments 2023-01-31 11764490 frs-core:ShareCapital 2023-01-31 11764490 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11764490
M F C Properties Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
C W Dix Limited
Accountants & Business Advisors
4b Silkwood Court
Wakefield
West Yorkshire
WF5 9TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11764490
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,132 82,304
Investment Properties 5 1,082,725 1,082,725
1,148,857 1,165,029
CURRENT ASSETS
Cash at bank and in hand 11,103 2,663
11,103 2,663
Creditors: Amounts Falling Due Within One Year 6 (886,979 ) (896,997 )
NET CURRENT ASSETS (LIABILITIES) (875,876 ) (894,334 )
TOTAL ASSETS LESS CURRENT LIABILITIES 272,981 270,695
Creditors: Amounts Falling Due After More Than One Year 7 (256,654 ) (268,454 )
NET ASSETS 16,327 2,241
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 16,227 2,141
SHAREHOLDERS' FUNDS 16,327 2,241
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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.
On behalf of the board
Mr Nicholas Jamieson
Director
15/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M F C Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11764490 . The registered office is 9 Westwinds, Ackworth, Pontefract, WF7 7RP.
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 represents rental incomes receiveable in the accounting period.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% per annum reducing balance
Fixtures & Fittings 10% per annum straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 88,224 3,600 91,824
As at 31 January 2024 88,224 3,600 91,824
Depreciation
As at 1 February 2023 8,800 720 9,520
Provided during the period 15,884 288 16,172
As at 31 January 2024 24,684 1,008 25,692
Net Book Value
As at 31 January 2024 63,540 2,592 66,132
As at 1 February 2023 79,424 2,880 82,304
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 1,082,725
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 381 381
Other creditors 650 650
Accruals and deferred income 170 897
Director's loan account 885,778 895,069
886,979 896,997
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 187,130 187,130
Other loans 69,524 81,324
256,654 268,454
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4