Company No:
Contents
DIRECTOR | Richard William Fox |
REGISTERED OFFICE | 86-90 Paul Street |
London | |
EC2A 4NE | |
United Kingdom |
COMPANY NUMBER | 13144805 (England and Wales) |
ACCOUNTANT | Duncan & Toplis Limited |
14 London Road | |
Newark | |
NG24 1TW | |
United Kingdom |
Note | 31.01.2024 | 31.01.2023 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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115,000 | 115,000 | |||
Current assets | ||||
Cash at bank and in hand |
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3,278 | 2,417 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (33,139) | (34,119) | ||
Total assets less current liabilities | 81,861 | 80,881 | ||
Creditors: amounts falling due after more than one year | 5 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Fair value reserve |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of MPF Property Ltd (registered number:
Richard William Fox
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
MPF Property Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The 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 as modified by the revaluation of certain assets.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Revenue represents the rents payable and are recognised on the accruals basis.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
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 financial statements. 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
31.01.2024 | 31.01.2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investment property | |
£ | |
Valuation | |
As at 01 February 2023 |
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As at 31 January 2024 |
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31.01.2024 | 31.01.2023 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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31.01.2024 | 31.01.2023 | ||
£ | £ | ||
Bank loans (secured) |
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31.01.2024 | 31.01.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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