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REGISTERED NUMBER: 10610006 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MT PROPERTY DEVELOPMENT SERVICES LTD

MT PROPERTY DEVELOPMENT SERVICES LTD (REGISTERED NUMBER: 10610006)






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


MT PROPERTY DEVELOPMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: M Alcindor





REGISTERED OFFICE: The Flint Barn
Glovers Close
Biggin Hill
Kent
TN16 3GA





REGISTERED NUMBER: 10610006 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

MT PROPERTY DEVELOPMENT SERVICES LTD (REGISTERED NUMBER: 10610006)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1
Investments 5 99,282 15,450
Investment property 6 501,780 501,780
601,062 517,231

CURRENT ASSETS
Debtors 7 41,143 28,484
Cash at bank 7,688 117,793
48,831 146,277
CREDITORS
Amounts falling due within one year 8 363,216 361,086
NET CURRENT LIABILITIES (314,385 ) (214,809 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,677

302,422

CAPITAL AND RESERVES
Called up share capital 502 502
Retained earnings 9 286,175 301,920
SHAREHOLDERS' FUNDS 286,677 302,422

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.

MT PROPERTY DEVELOPMENT SERVICES LTD (REGISTERED NUMBER: 10610006)

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 18 November 2024 and were signed by:





M Alcindor - Director


MT PROPERTY DEVELOPMENT SERVICES LTD (REGISTERED NUMBER: 10610006)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

MT Property Development Services Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MT PROPERTY DEVELOPMENT SERVICES LTD (REGISTERED NUMBER: 10610006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

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 29 February 2024 1,259
DEPRECIATION
At 1 March 2023 1,258
Charge for year 1
At 29 February 2024 1,259
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 1

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023 15,450
Additions 83,832
At 29 February 2024 99,282
NET BOOK VALUE
At 29 February 2024 99,282
At 28 February 2023 15,450

MT PROPERTY DEVELOPMENT SERVICES LTD (REGISTERED NUMBER: 10610006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 501,780
NET BOOK VALUE
At 29 February 2024 501,780
At 28 February 2023 501,780

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,036 5,322
Other debtors 37,107 23,162
41,143 28,484

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 972 -
Amounts owed to participating interests 39,273 -
Taxation and social security 4,876 45,336
Other creditors 318,095 315,750
363,216 361,086

9. RESERVES
Retained
earnings
£   

At 1 March 2023 301,920
Profit for the year 54,255
Dividends (70,000 )
At 29 February 2024 286,175

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed Marcus Alcindor £922 (2023: Marcus Alcindor owed the company £7,522).

MT PROPERTY DEVELOPMENT SERVICES LTD (REGISTERED NUMBER: 10610006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

11. RELATED PARTY DISCLOSURES

KTD Group Holdings Limited is a related company through common directorship. At the balance sheet date the company owed KTD Group Holdings Limited £38,675 by way of intercompany balance.

IC9 Construction Limited is a related party company through common directorship. At the balance sheet date the company owed IC9 Construction Limited £598.