Registered number
08949735
MD ENTERPRISE BUILDING LTD
Filleted Accounts
30 March 2024
MD ENTERPRISE BUILDING LTD
Registered number: 08949735
Balance Sheet
as at 30 March 2024
Notes 2024 2023
(as restated)
£ £
Fixed assets
Tangible assets 3 2,005,000 2,040,000
Current assets
Debtors 4 25,048 41,188
Cash at bank and in hand 13,590 52,284
38,638 93,472
Creditors: amounts falling due within one year 5 (503,739) (527,966)
Net current liabilities (465,101) (434,494)
Total assets less current liabilities 1,539,899 1,605,506
Creditors: amounts falling due after more than one year 6 (289,959) (354,125)
Provisions for liabilities (112,304) (86,606)
Net assets 1,137,636 1,164,775
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 336,911 369,213
Profit and loss account 800,723 795,560
Shareholders' funds 1,137,636 1,164,775
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Salamat
Director
Approved by the board on 27 December 2024
MD ENTERPRISE BUILDING LTD
Notes to the Accounts
for the year ended 30 March 2024
1 Accounting policies
Basis of preparation
MD Enterprise Building Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Enterprise House, Broadfield Court, Sheffield, S8 0XF.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.
Turnover
Turnover consists of rental income for the year and is accounted for in the period for which the rent is payable.
Investment properties
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment Properties
£
Cost or valuation
At 31 March 2023 as restated 2,040,000
Deficit on revaluation (6,604)
Disposals (28,396)
At 30 March 2024 2,005,000
Depreciation
At 30 March 2024 -
Net book value
At 30 March 2024 2,005,000
At 30 March 2023 2,040,000
The investment properties were valued on an open market basis by a director of the company.
The historic cost of the properties is £1,555,785 (2023 - £1,584,181).
4 Debtors 2024 2023
£ £
Rental income receivable 2,763 21,188
Other taxation 2,285 -
Other debtors 20,000 20,000
25,048 41,188
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,954 41,337
Trade creditors 1,905 -
Taxation and social security costs 7,891 82,001
Directors' loan account 467,901 391,290
Deferred income 1,875 4,175
Other creditors and accruals 8,213 9,163
503,739 527,966
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 289,959 354,125
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 82,642 255,181
Secured bank loans 291,123 374,105
The bank loans are secured by way of legal mortgage on the investment properties.
8 Revaluation reserve 2024 2023
£ £
At 31 March 2023 as restated 369,213 346,740
(Loss)/gain on revaluation of land and buildings (6,604) 27,745
Deferred taxation arising on the revaluation of land and buildings (25,698) (5,272)
At 30 March 2024 336,911 369,213
9 Prior year adjustment
During the year it was noted that the valuation of an investment property was overstated. As a consequence, investment properties and provisions for liabilities were both overstated. The adjustments, made to the year ended 31st March 2023 figures, are as follows:
- Reduce fixed asset investment properties by £180,000.
- Reduce the deferred tax provision by £34,200
- Reduce the revaluation reserve by £145,800.
10 Other information
MD ENTERPRISE BUILDING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Enterprise House
Broadfield Court
Sheffield
S8 0XF
MD ENTERPRISE BUILDING LTD 08949735 false 2023-03-31 2024-03-30 2024-03-30 VT Final Accounts July 2024 M Salamat No description of principal activity 08949735 2022-03-31 2023-03-30 08949735 core:RevaluationReserve core:LandBuildings 2022-03-31 2023-03-30 08949735 core:RevaluationReserve 2022-03-31 2023-03-30 08949735 core:WithinOneYear 2023-03-30 08949735 core:AfterOneYear 2023-03-30 08949735 core:ShareCapital 2023-03-30 08949735 core:OtherReservesSubtotal 2023-03-30 08949735 core:RetainedEarningsAccumulatedLosses 2023-03-30 08949735 core:RevaluationReserve 2022-03-30 08949735 2023-03-31 2024-03-30 08949735 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 08949735 bus:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 08949735 bus:Director40 2023-03-31 2024-03-30 08949735 1 2023-03-31 2024-03-30 08949735 2 2023-03-31 2024-03-30 08949735 core:LandBuildings 2023-03-31 2024-03-30 08949735 core:RevaluationReserve core:LandBuildings 2023-03-31 2024-03-30 08949735 core:RevaluationReserve 2023-03-31 2024-03-30 08949735 countries:England 2023-03-31 2024-03-30 08949735 bus:FRS102 2023-03-31 2024-03-30 08949735 bus:FilletedAccounts 2023-03-31 2024-03-30 08949735 2024-03-30 08949735 core:WithinOneYear 2024-03-30 08949735 core:AfterOneYear 2024-03-30 08949735 core:ShareCapital 2024-03-30 08949735 core:OtherReservesSubtotal 2024-03-30 08949735 core:RetainedEarningsAccumulatedLosses 2024-03-30 08949735 core:LandBuildings 2024-03-30 08949735 core:RevaluationReserve 2024-03-30 08949735 2023-03-30 08949735 core:LandBuildings 2023-03-30 08949735 core:RevaluationReserve 2023-03-30 iso4217:GBP xbrli:pure