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REGISTERED NUMBER: 04658557 (England and Wales)












M L PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024






M L PROPERTIES LIMITED (REGISTERED NUMBER: 04658557)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M L PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024







DIRECTOR: Mr M Laws (Senior)





SECRETARY: Mr C D Laws





REGISTERED OFFICE: 36 Dalton Heights
Dalton Le Dale
Seaham
Co. Durham
SR7 8LB





REGISTERED NUMBER: 04658557 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

M L PROPERTIES LIMITED (REGISTERED NUMBER: 04658557)

BALANCE SHEET
31 MARCH 2024

31.3.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 -
Investment property 5 835,453 783,800
835,553 783,800

CURRENT ASSETS
Cash at bank and in hand 1,896 805

CREDITORS
Amounts falling due within one year 6 1,132 82,333
NET CURRENT ASSETS/(LIABILITIES) 764 (81,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,317

702,272

CREDITORS
Amounts falling due after more than one
year

7

-

600,000
NET ASSETS 836,317 102,272

CAPITAL AND RESERVES
Called up share capital 8 200 100
Fair value reserve 9 36,428 36,428
Retained earnings 9 799,689 65,744
SHAREHOLDERS' FUNDS 836,317 102,272

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

The members have not required the company to obtain an audit of its financial statements for the period 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 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.

M L PROPERTIES LIMITED (REGISTERED NUMBER: 04658557)

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2024 and were signed by:





Mr M Laws (Senior) - Director


M L PROPERTIES LIMITED (REGISTERED NUMBER: 04658557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

M L 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

3. EMPLOYEES AND DIRECTORS

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

M L PROPERTIES LIMITED (REGISTERED NUMBER: 04658557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

M.L. TYRES (NORTHERN) LIMITED
Registered office: Sterling House, Fulbourne Road, London, E17 4EE
Nature of business: Sale of new cars and light motor vehicles
%
Class of shares: holding
Ordinary 100.00
31.3.24 28.2.23
£    £   
Aggregate capital and reserves (499 ) 737,091
Loss for the period/year (1,590 ) (5,141 )

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 783,800
Transfer to ownership 51,653
At 31 March 2024 835,453
NET BOOK VALUE
At 31 March 2024 835,453
At 28 February 2023 783,800

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2007 36,428
Cost 799,025
835,453

In the opinion of director, the fair market value of the properties as at 31st March 2024 is same as shown in accounts.

M L PROPERTIES LIMITED (REGISTERED NUMBER: 04658557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Bank loans and overdrafts 3 -
Related company - 81,406
Directors' current accounts 169 27
Accrued expenses 960 900
1,132 82,333

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 28.2.23
£    £   
Other creditors - 600,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 28.2.23
value: £    £   
200 Ordinary £1 200 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 65,744 36,428 102,172
Profit for the period 733,945 733,945
At 31 March 2024 799,689 36,428 836,117

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 28 February 2023:

31.3.24 28.2.23
£    £   
Mr M Laws (Senior)
Balance outstanding at start of period (27 ) (798 )
Amounts repaid 142 771
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 115 (27 )

M L PROPERTIES LIMITED (REGISTERED NUMBER: 04658557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


11. ULTIMATE CONTROLLING PARTY

Mr. M Laws (Senior), the director, controls the company by holding 100 per cent of the issued ordinary share capital.