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REGISTERED NUMBER: 12800002 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MPOWER SUPPORTED LIVING LTD

MPOWER SUPPORTED LIVING LTD (REGISTERED NUMBER: 12800002)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MPOWER SUPPORTED LIVING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M V Santhiapillai





REGISTERED OFFICE: 1st Floor, Leegate House,
Burnt Ash Road
London
SE12 8RG





REGISTERED NUMBER: 12800002 (England and Wales)





AUDITORS: Edwards Chartered Accountants
Statutory Auditor
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

MPOWER SUPPORTED LIVING LTD (REGISTERED NUMBER: 12800002)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 229,572 241,800

CURRENT ASSETS
Debtors 5 1,244,889 567,687
Cash at bank and in hand 5,015 5,591
1,249,904 573,278
CREDITORS
Amounts falling due within one year 6 305,734 168,230
NET CURRENT ASSETS 944,170 405,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,173,742

646,848

PROVISIONS FOR LIABILITIES 2,800 3,710
NET ASSETS 1,170,942 643,138

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,170,842 643,038
1,170,942 643,138

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 27 September 2024 and were signed by:





M V Santhiapillai - Director


MPOWER SUPPORTED LIVING LTD (REGISTERED NUMBER: 12800002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mpower Supported Living Ltd 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.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MPOWER SUPPORTED LIVING LTD (REGISTERED NUMBER: 12800002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 231,453 3,056 41,038 275,547
Additions - - 2,908 2,908
At 31 March 2024 231,453 3,056 43,946 278,455
DEPRECIATION
At 1 April 2023 9,181 1,784 22,782 33,747
Charge for year 3,904 763 10,469 15,136
At 31 March 2024 13,085 2,547 33,251 48,883
NET BOOK VALUE
At 31 March 2024 218,368 509 10,695 229,572
At 31 March 2023 222,272 1,272 18,256 241,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 446,920 229,306
Amounts owed by group undertakings 787,609 331,189
Other debtors 10,360 7,192
1,244,889 567,687

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,165 11,984
Taxation and social security 253,340 130,083
Other creditors 44,229 26,163
305,734 168,230

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Duggan (Senior Statutory Auditor)
for and on behalf of Edwards Chartered Accountants

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M V Santhiapillai.