Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Richard William Fox 19/01/2021 29 October 2024 The principal activity of the company in the year under review was that of property letting. 13144805 2024-01-31 13144805 bus:Director1 2024-01-31 13144805 2023-01-31 13144805 core:CurrentFinancialInstruments 2024-01-31 13144805 core:CurrentFinancialInstruments 2023-01-31 13144805 core:Non-currentFinancialInstruments 2024-01-31 13144805 core:Non-currentFinancialInstruments 2023-01-31 13144805 core:ShareCapital 2024-01-31 13144805 core:ShareCapital 2023-01-31 13144805 core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 13144805 core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 13144805 core:RetainedEarningsAccumulatedLosses 2024-01-31 13144805 core:RetainedEarningsAccumulatedLosses 2023-01-31 13144805 bus:OrdinaryShareClass1 2024-01-31 13144805 2023-02-01 2024-01-31 13144805 bus:FilletedAccounts 2023-02-01 2024-01-31 13144805 bus:SmallEntities 2023-02-01 2024-01-31 13144805 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13144805 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13144805 bus:Director1 2023-02-01 2024-01-31 13144805 2022-02-01 2023-01-31 13144805 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13144805 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13144805 (England and Wales)

MPF PROPERTY LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

MPF PROPERTY LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

MPF PROPERTY LTD

COMPANY INFORMATION

For the financial year ended 31 January 2024
MPF PROPERTY LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
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
MPF PROPERTY LTD

STATEMENT OF FINANCIAL POSITION

As at 31 January 2024
MPF PROPERTY LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2024
Note 31.01.2024 31.01.2023
£ £
Fixed assets
Investment property 3 115,000 115,000
115,000 115,000
Current assets
Cash at bank and in hand 3,278 2,417
3,278 2,417
Creditors: amounts falling due within one year 4 ( 36,417) ( 36,536)
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 ( 80,749) ( 80,749)
Net assets 1,112 132
Capital and reserves
Called-up share capital 6 1 1
Fair value reserve 560 560
Profit and loss account 551 ( 429 )
Total shareholder's funds 1,112 132

For the financial 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.

Director's responsibilities:

The financial statements of MPF Property Ltd (registered number: 13144805) were approved and authorised for issue by the Director on 29 October 2024. They were signed on its behalf by:

Richard William Fox
Director
MPF PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
MPF PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue represents the rents payable and are recognised on the accruals basis.

Taxation

Current tax
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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

31.01.2024 31.01.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 February 2023 115,000
As at 31 January 2024 115,000

4. Creditors: amounts falling due within one year

31.01.2024 31.01.2023
£ £
Taxation and social security 230 30
Other creditors 36,187 36,506
36,417 36,536

5. Creditors: amounts falling due after more than one year

31.01.2024 31.01.2023
£ £
Bank loans (secured) 80,749 80,749

6. Called-up share capital

31.01.2024 31.01.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1