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REGISTERED NUMBER: 09886017 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MNT PROPERTY LIMITED

MNT PROPERTY LIMITED (REGISTERED NUMBER: 09886017)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MNT PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: R Se
Ms S Dim
Mrs S T Se





REGISTERED OFFICE: 3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT





REGISTERED NUMBER: 09886017 (England and Wales)





ACCOUNTANTS: Moss & Williamson Limited
Chartered Accountants
3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT

MNT PROPERTY LIMITED (REGISTERED NUMBER: 09886017)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,466 3,021
Investment property 6 1,735,455 1,145,000
1,737,921 1,148,021

CURRENT ASSETS
Debtors 974 901
Cash at bank 64,153 13,510
65,127 14,411
CREDITORS
Amounts falling due within one year (1,468,804 ) (870,308 )
NET CURRENT LIABILITIES (1,403,677 ) (855,897 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,244

292,124

PROVISIONS FOR LIABILITIES 7 (92,986 ) (92,986 )
NET ASSETS 241,258 199,138

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 318,076 318,076
Retained earnings (76,918 ) (119,038 )
SHAREHOLDERS' FUNDS 241,258 199,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 directors acknowledge their 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.

MNT PROPERTY LIMITED (REGISTERED NUMBER: 09886017)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





R Se - Director


MNT PROPERTY LIMITED (REGISTERED NUMBER: 09886017)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mnt Property 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at the market rate at the date of acquisition, which is considered to be fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

MNT PROPERTY LIMITED (REGISTERED NUMBER: 09886017)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 15,020
Additions 1,896
Disposals (12,204 )
At 31 March 2024 4,712
DEPRECIATION
At 1 April 2023 11,999
Charge for year 822
Eliminated on disposal (10,575 )
At 31 March 2024 2,246
NET BOOK VALUE
At 31 March 2024 2,466
At 31 March 2023 3,021

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,145,000
Additions 590,455
At 31 March 2024 1,735,455
NET BOOK VALUE
At 31 March 2024 1,735,455
At 31 March 2023 1,145,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 74,062
Valuation in 2021 40,400
Valuation in 2022 42,420
Valuation in 2023 254,180
Cost 1,324,393
1,735,455

MNT PROPERTY LIMITED (REGISTERED NUMBER: 09886017)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 733,938 733,938

investment property was valued on an open market basis on 31 March 2023 by the Directors .

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 92,986 92,986

Deferred
tax
£   
Balance at 1 April 2023 92,986
Balance at 31 March 2024 92,986

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 318,076