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Md Property Developments (North
West) Limited

Unaudited Financial Statements for the Year Ended 29 February 2024






Md Property Developments (North
West) Limited (Registered number: 09992451)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Md Property Developments (North
West) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S Murray





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 09992451 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Md Property Developments (North
West) Limited (Registered number: 09992451)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 700,000 515,000

CURRENT ASSETS
Cash at bank and in hand 13,590 8,069

CREDITORS
Amounts falling due within one year 5 71,241 16,056
NET CURRENT LIABILITIES (57,651 ) (7,987 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,349

507,013

CREDITORS
Amounts falling due after more than one
year

6

(456,681

)

(336,392

)

PROVISIONS FOR LIABILITIES (63,749 ) (59,740 )
NET ASSETS 121,919 110,881

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 191,246 179,219
Retained earnings (69,427 ) (68,438 )
SHAREHOLDERS' FUNDS 121,919 110,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 Property Developments (North
West) Limited (Registered number: 09992451)

Balance Sheet - continued
29 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 July 2024 and were signed by:





S Murray - Director


Md Property Developments (North
West) Limited (Registered number: 09992451)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Md Property Developments (North West) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 515,000
Additions 168,964
Revaluations 16,036
At 29 February 2024 700,000
NET BOOK VALUE
At 29 February 2024 700,000
At 28 February 2023 515,000

Investment properties were valued using market data by the director on 29/02/2024.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,381 5,248
Trade creditors 9,867 10,108
Other creditors 55,993 700
71,241 16,056

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 456,681 336,392

Md Property Developments (North
West) Limited (Registered number: 09992451)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 427,667 308,093

7. RESERVES
Fair
value
reserve
£   
At 1 March 2023 179,219
Fair Value reserve 12,027

At 29 February 2024 191,246