Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseThe company was incorporated on 8 july 2020 and began trading on that date. The principal activity during the period was that of residential property development.00truetruefalse 12728305 2023-06-01 2024-05-31 12728305 2022-06-01 2023-05-31 12728305 2024-05-31 12728305 2023-05-31 12728305 c:Director1 2023-06-01 2024-05-31 12728305 d:CurrentFinancialInstruments 2024-05-31 12728305 d:CurrentFinancialInstruments 2023-05-31 12728305 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12728305 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12728305 d:ShareCapital 2024-05-31 12728305 d:ShareCapital 2023-05-31 12728305 d:RetainedEarningsAccumulatedLosses 2024-05-31 12728305 d:RetainedEarningsAccumulatedLosses 2023-05-31 12728305 c:OrdinaryShareClass1 2023-06-01 2024-05-31 12728305 c:OrdinaryShareClass1 2024-05-31 12728305 c:OrdinaryShareClass1 2023-05-31 12728305 c:OrdinaryShareClass2 2023-06-01 2024-05-31 12728305 c:OrdinaryShareClass2 2024-05-31 12728305 c:OrdinaryShareClass2 2023-05-31 12728305 c:OrdinaryShareClass3 2023-06-01 2024-05-31 12728305 c:OrdinaryShareClass3 2024-05-31 12728305 c:OrdinaryShareClass3 2023-05-31 12728305 c:FRS102 2023-06-01 2024-05-31 12728305 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12728305 c:FullAccounts 2023-06-01 2024-05-31 12728305 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12728305 8 2023-06-01 2024-05-31 12728305 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12728305









MPM PROPERTIES (TH) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
MPM PROPERTIES (TH) LTD
REGISTERED NUMBER: 12728305

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
As restated
Note
£
£

  

CURRENT ASSETS
  

Stocks
  
71,834
54,934

Debtors: amounts falling due within one year
 3 
-
3,174

Cash at bank and in hand
  
5,639
1,627

  
77,473
59,735

Creditors: amounts falling due within one year
 4 
(86,199)
(65,344)

NET CURRENT LIABILITIES
  
 
 
(8,726)
 
 
(5,609)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(8,726)
(5,609)

  

NET LIABILITIES
  
(8,726)
(5,609)


CAPITAL AND RESERVES
  

Called up share capital 
 5 
20
20

Profit and loss account
  
(8,746)
(5,629)

  
(8,726)
(5,609)


Page 1

 
MPM PROPERTIES (TH) LTD
REGISTERED NUMBER: 12728305
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





R Mutty
Director

Date: 16 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MPM PROPERTIES (TH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

MPM Properties (TH) Limited is a private company limited by shares and incorporated in England and Wales. It's registered office is 3 Station Court, Great Shelford, Cambridge, CB22 5NE. 
The presentational and functional currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

TURNOVER

Turnover represents management charges,which are recognised when the services are provided.

 
2.3

GOING CONCERN

The Company incurred a loss for the period and as at 31 May 2024 had net liabilities of £8,720 (2023: £5,609). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from the directors to provide sufficient funds to enable it to meet its liabilities as they fall due. 

 
2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is calculated as the total costs incurrect on the development project to the balance sheet and includes labour, attributable overheads and cost of finance and interest on loans advanced to finance a specific project. 

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
MPM PROPERTIES (TH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

PRIOR YEAR ADJUSTMENT

Shareholders loan interest was charged in 2023 but a board meeting in 2024 agreed that no interest was chargeable until a successful property acquisition had taken place. Therefore, the interest charge of £3,626 has been reduced to £NIL for 2023 leading to the loss for 2023 being reduced to £2,965. 

Page 4

 
MPM PROPERTIES (TH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


DEBTORS

2024
2023
£
£


Other debtors
-
2,834

Prepayments
-
340

-
3,174



4.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
As restated
£
£

Trade creditors
47
20,308

Other creditors
75,877
34,909

Amounts owed to group undertakings
8,530
8,524

Accruals and deferred income
1,745
1,603

86,199
65,344



5.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



6 (2023 - 6) Ordinary A shares of £1 each
6
6
6 (2023 - 6) Ordinary B shares of £1 each
6
6
8 (2023 - 8) Ordinary C shares of £1 each
8
8

20

20


 
Page 5