2023-04-01 09288599 2024-03-31 09288599 2023-04-01 2024-03-31 09288599 2023-03-31 09288599 2022-04-01 2023-03-31 09288599 uk-core:WithinOneYear 2023-03-31 09288599 uk-core:WithinOneYear 2024-03-31 09288599 uk-core:ShareCapital 2024-03-31 09288599 uk-core:ShareCapital 2023-03-31 09288599 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 09288599 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09288599 uk-bus:Director1 2023-04-01 2024-03-31 09288599 uk-core:PlantMachinery 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure 09288599 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09288599 uk-bus:FRS102 2023-04-01 2024-03-31 09288599 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 09288599 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
MH Property Developments (S-O-T) Ltd
Registered Number:09288599
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
MH Property Developments (S-O-T) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09288599
As at 31 March 2024
MH Property Developments (S-O-T) Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
106
141
2
106
141
Current assets
Inventories
366,944
423,014
3
Trade and other receivables
2,557
1,939
4
12,399
Cash and cash equivalents
5,166
430,119
381,900
Trade and other payables: amounts falling due within one year
(388,900)
(441,400)
5
(7,000)
(11,281)
Net current liabilities
Total assets less current liabilities
(11,175)
(6,859)
2,185
1,392
Provisions for liabilities
(8,990)
Net liabilities
(5,467)
Capital and reserves
Called up share capital
105
105
Retained earnings
(9,095)
(5,572)
(8,990)
(5,467)
Shareholders' funds
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.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Michael Harold Director
These financial statements were approved and authorised for issue by the Board on 29 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
MH Property Developments (S-O-T) Ltd
Notes to the Financial Statements
Statutory Information
MH Property Developments (S-O-T) Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09288599.
Registered address:
4a Chamberlain Avenue
Stoke on Trent
Staffordshire
ST4 5EW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 March 2024
MH Property Developments (S-O-T) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or valuation
At 01 April 2023
690
At 31 March 2024
690
Provision for depreciation and impairment
At 01 April 2023
549
Charge for year
35
At 31 March 2024
584
At 31 March 2024
Net book value
106
At 31 March 2023
141
3. Inventories
2023
2024
£
£
Stocks
423,014
366,944
4. Trade and other receivables
2023
2024
£
£
Other debtors
1,939
2,557
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
3,096
1,109
Taxation and social security
-
813
Other creditors
438,304
386,978
441,400
388,900
6. Related party transactions
Included with other creditors is the balance of £125,804 (2023 - £110,778) relating to the directors' loan account. This loan is
interest free and has no fixed date of repayment.
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6
For the year ended 31 March 2024
MH Property Developments (S-O-T) Ltd
Notes to the Financial Statements Continued
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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