2023-04-01 2024-03-31 false Capium Accounts Production 1.1 12965734 bus:FullAccounts 2023-04-01 2024-03-31 12965734 bus:FRS102 2023-04-01 2024-03-31 12965734 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12965734 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12965734 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12965734 2023-04-01 2024-03-31 12965734 2024-03-31 12965734 bus:RegisteredOffice 2023-04-01 2024-03-31 12965734 core:WithinOneYear 2024-03-31 12965734 core:AfterOneYear 2024-03-31 12965734 bus:Director1 2023-04-01 2024-03-31 12965734 bus:Director1 2024-03-31 12965734 bus:Director1 2022-04-01 2023-03-31 12965734 bus:Director2 2023-04-01 2024-03-31 12965734 bus:Director2 2024-03-31 12965734 bus:Director2 2022-04-01 2023-03-31 12965734 2022-04-01 12965734 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 12965734 2022-04-01 2023-03-31 12965734 2023-03-31 12965734 core:WithinOneYear 2023-03-31 12965734 core:AfterOneYear 2023-03-31 12965734 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 12965734 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 12965734 bus:OrdinaryShareClass1 2024-03-31 12965734 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 12965734 bus:OrdinaryShareClass1 2023-03-31 12965734 core:InvestmentProperties 2023-04-01 2024-03-31 12965734 core:InvestmentProperties 2024-03-31 12965734 core:InvestmentProperties 2023-03-31 12965734 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 12965734 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 12965734 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 12965734 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 12965734 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 12965734 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 12965734 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 12965734 core:Non-currentFinancialInstruments 2024-03-31 12965734 core:Non-currentFinancialInstruments 2023-03-31 12965734 core:ShareCapital 2024-03-31 12965734 core:ShareCapital 2023-03-31 12965734 core:RevaluationReserve 2024-03-31 12965734 core:RevaluationReserve 2023-03-31 12965734 core:RetainedEarningsAccumulatedLosses 2024-03-31 12965734 core:RetainedEarningsAccumulatedLosses 2023-03-31 12965734 core:ShareCapitalOrdinaryShares 2023-04-01 12965734 core:ShareCapitalOrdinaryShares 2022-04-01 12965734 core:ShareCapitalOrdinaryShares 2023-04-01 2024-03-31 12965734 core:ShareCapitalOrdinaryShares 2022-04-01 2023-03-31 12965734 core:ShareCapitalOrdinaryShares 2024-03-31 12965734 core:ShareCapitalOrdinaryShares 2023-03-31 12965734 core:RevaluationReserve 2023-04-01 12965734 core:RevaluationReserve 2022-04-01 12965734 core:RevaluationReserve 2023-04-01 2024-03-31 12965734 core:RevaluationReserve 2022-04-01 2023-03-31 12965734 core:RevaluationReserve 2024-03-31 12965734 core:RevaluationReserve 2023-03-31 12965734 core:RetainedEarningsAccumulatedLosses 2023-04-01 12965734 core:RetainedEarningsAccumulatedLosses 2022-04-01 12965734 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 12965734 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 12965734 core:RetainedEarningsAccumulatedLosses 2024-03-31 12965734 core:RetainedEarningsAccumulatedLosses 2023-03-31 12965734 dpl:Item1 2023-04-01 12965734 dpl:Item1 2024-03-31 12965734 dpl:Item1 2022-04-01 12965734 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12965734
England and Wales

 

 

 

M&B PROPERTY MANAGEMENT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 357,000    388,700 
357,000    388,700 
Current assets      
Cash at bank and in hand 5,637    12,000 
Creditors: amount falling due within one year 4 (4,758)   (15,468)
Net current assets 879    (3,468)
 
Total assets less current liabilities 357,879    385,232 
Creditors: amount falling due after more than one year 5 (343,640)   (343,640)
Provisions for liabilities 6 (3,340)   (9,512)
Net assets 10,899    32,080 
 

Capital and reserves
     
Called up share capital 7 100    100 
Reserves 8 12,724    36,499 
Profit and loss account (1,925)   (4,519)
Shareholders' funds 10,899    32,080 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 October 2024 and were signed on its behalf by:


-------------------------------
Malkiat Singh
Director
1
  Equity share capital   Revaluation reserve   Retained Earnings   Total
£ £ £ £
At 01 April 2022 100  (45,069) (44,969)
Profit for the year 40,550  40,550 
Revaluation of Fixed Assets 36,499  36,499 
Total comprehensive income for the year 36,499  40,550  77,049 
Total investments by and distributions to owners
At 31 March 2023 100  36,499  (4,519) 32,080 
At 01 April 2023 100  36,499  (4,519) 32,080 
Profit for the year (21,181) (21,181)
Revaluation of Fixed Assets (23,775) (23,775)
Transfers to/from other reserves 23,775  23,775 
Total comprehensive income for the year (23,775) 2,594  (21,181)
Total investments by and distributions to owners
At 31 March 2024 100  12,724  (1,925) 10,899 
2
General Information
M&B PROPERTY MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 12965734, registration address 3 Langford Road, Malkiat Singh, Cambs, PE2 8EF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the value of property rental income receivable in the year net of any discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2023 388,700    388,700 
Additions  
Disposals  
Revaluations (31,700)   (31,700)
At 31 March 2024 357,000    357,000 
Depreciation
At 01 April 2023  
Charge for year  
On disposals  
At 31 March 2024  
Net book values
Closing balance as at 31 March 2024 357,000    357,000 
Opening balance as at 01 April 2023 388,700    388,700 


4.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 183   
Accrued Expenses 549    550 
Directors' Current Accounts 4,026    14,918 
4,758    15,468 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Mortgage Loans 246,629    246,629 
Directors' Loan Accounts 97,011    97,011 
343,640    343,640 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 3,340    9,512 
3,340    9,512 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

8.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 36,499   
Revaluation of Fixed Assets (23,775)   36,499 
12,724    36,499 

3