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REGISTERED NUMBER: 07039021 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

MD Premier Services Limited

MD Premier Services Limited (Registered number: 07039021)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MD Premier Services Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: Mr M R Dowle





REGISTERED OFFICE: c/o Wilson Partners Limited,
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 07039021 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

MD Premier Services Limited (Registered number: 07039021)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,476,363 -
1,476,363 -

CURRENT ASSETS
Stocks - 1,476,363
Debtors 6 2,468 4,691
Cash at bank 10,528 48,092
12,996 1,529,146
CREDITORS
Amounts falling due within one year 7 (952,254 ) (938,916 )
NET CURRENT (LIABILITIES)/ASSETS (939,258 ) 590,230
TOTAL ASSETS LESS CURRENT LIABILITIES 537,105 590,230

CREDITORS
Amounts falling due after more than one year 8 (267,353 ) (279,436 )
NET ASSETS 269,752 310,794

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 269,751 310,793
269,752 310,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MD Premier Services Limited (Registered number: 07039021)

Balance Sheet - continued
28 February 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 director and authorised for issue on 30 October 2024 and were signed by:





Mr M R Dowle - Director


MD Premier Services Limited (Registered number: 07039021)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

MD Premier Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover represents the total rents receivable by the company and is recognised in accordance with time periods to which the rental amounts relates. This is in addition to the turnover recognised at the fair value of the consideration received or receivable for properties sold in the normal course of business and is recognised once title has passed to the buyer.

When cash flows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amounts received is recognised as interest income.

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% straight line

Tangible fixed assets are included at cost less depreciation and impairment.

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.

Stocks
Stock are stated at lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss.

Reversals of impairment losses are also recognised in profit or loss.

The treatment of the properties have changed during the year and therefore has been reallocated to investment property. The directors have considered the valuation.

MD Premier Services Limited (Registered number: 07039021)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and 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.

Employee benefits
The cost of short-term employee benefits are recognised as an liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 9,840
DEPRECIATION
At 1 March 2023
and 28 February 2024 9,840
NET BOOK VALUE
At 28 February 2024 -

MD Premier Services Limited (Registered number: 07039021)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,476,363
At 28 February 2024 1,476,363
NET BOOK VALUE
At 28 February 2024 1,476,363

The treatment of the properties have changed during the year and therefore has been reallocated from stock to investment property.

Investment properties are initially measured at cost. After initial recognition, investment properties are measured through revaluations.

The directors have considered the valuation.

6. DEBTORS
28.2.24 28.2.23
£    £   
Amounts falling due within one year:
Other debtors 2,468 2,066

Amounts falling due after more than one year:
Other debtors - 2,625

Aggregate amounts 2,468 4,691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 12,083 5,000
Trade creditors 1 350
Taxation and social security - 5,972
Other creditors 940,170 927,594
952,254 938,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans 267,353 267,353
Other creditors - 12,083
267,353 279,436

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 267,353 -