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REGISTERED NUMBER: 08900018 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MPS PROPERTIES LIMITED

MPS PROPERTIES LIMITED (REGISTERED NUMBER: 08900018)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MPS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: M P Short





REGISTERED OFFICE: First Floor
49 Mowlem Strret
London
E2 9HE





REGISTERED NUMBER: 08900018 (England and Wales)






MPS PROPERTIES LIMITED (REGISTERED NUMBER: 08900018)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 839,725 929,560

CURRENT ASSETS
Debtors 5 3,013 1,136
Cash at bank and in hand 14,760 13,535
17,773 14,671
CREDITORS
Amounts falling due within one year 6 905,931 920,239
NET CURRENT LIABILITIES (888,158 ) (905,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,433

)

23,992

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (48,533 ) 23,892
SHAREHOLDERS' FUNDS (48,433 ) 23,992

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.

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 27 November 2024 and were signed by:



M P Short - Director


MPS PROPERTIES LIMITED (REGISTERED NUMBER: 08900018)

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

1. STATUTORY INFORMATION

MPS Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Long Computer
leasehold equipment Totals
£    £    £   
COST
At 1 March 2023 929,560 308 929,868
Impairments (89,835 ) - (89,835 )
At 29 February 2024 839,725 308 840,033
DEPRECIATION
At 1 March 2023
and 29 February 2024 - 308 308
NET BOOK VALUE
At 29 February 2024 839,725 - 839,725
At 28 February 2023 929,560 - 929,560

There is a fixed charge in favour of FDI Limited over property situated at Units 118,127,136,220 and 320 Rede House, Corporation Road, Middlesbrough.

The directors consider that values for 2.07 Appleton Point and 9C The Foundry need to impaired due to the properties not being inhabitable for some time now, due to this the values for these two properties have been reduced.

MPS PROPERTIES LIMITED (REGISTERED NUMBER: 08900018)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 789 -
Other debtors 2,224 1,136
3,013 1,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,205 6,694
Other creditors 900,726 913,545
905,931 920,239