Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falsetrueNo description of principal activity2023-06-0100trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12333852 2023-06-01 2024-05-31 12333852 2022-06-01 2023-05-31 12333852 2024-05-31 12333852 2023-05-31 12333852 c:Director1 2023-06-01 2024-05-31 12333852 d:CurrentFinancialInstruments 2024-05-31 12333852 d:CurrentFinancialInstruments 2023-05-31 12333852 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12333852 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12333852 d:ShareCapital 2024-05-31 12333852 d:ShareCapital 2023-05-31 12333852 d:RetainedEarningsAccumulatedLosses 2024-05-31 12333852 d:RetainedEarningsAccumulatedLosses 2023-05-31 12333852 c:OrdinaryShareClass1 2023-06-01 2024-05-31 12333852 c:OrdinaryShareClass1 2024-05-31 12333852 c:OrdinaryShareClass1 2023-05-31 12333852 c:FRS102 2023-06-01 2024-05-31 12333852 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12333852 c:FullAccounts 2023-06-01 2024-05-31 12333852 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12333852 2 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12333852









MPM PROPERTIES (FY) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
MPM PROPERTIES (FY) LTD
REGISTERED NUMBER: 12333852

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Stocks
 4 
2,497,632
1,860,957

Debtors: amounts falling due within one year
 5 
18,008
72,969

Cash at bank and in hand
  
29,592
169,700

  
2,545,232
2,103,626

Creditors: amounts falling due within one year
 6 
(2,647,465)
(2,228,773)

NET CURRENT LIABILITIES
  
 
 
(102,233)
 
 
(125,147)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(102,233)
(125,147)

  

NET LIABILITIES
  
(102,233)
(125,147)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(103,233)
(126,147)

  
(102,233)
(125,147)


Page 1

 
MPM PROPERTIES (FY) LTD
REGISTERED NUMBER: 12333852
    
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 (FY) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

MPM Properties (FY) Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 3 Station Court, Great Shelford, Cambridge, England, CB22 5NE.                  

The Company's 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company incurred a small profit for the year but had net liabilities of £102,233 (2023 -  £125,147) as at 31 May 2024. The financial statements are prepared on a going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide sufficient funds to enable it to meet its liabiities as they fall due.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

  
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 incurred 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

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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.

 
2.7

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 (FY) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


STOCKS

2024
2023
£
£

Work in progress
2,497,632
1,860,957



5.


DEBTORS

2024
2023
£
£


Trade debtors
2,950
-

Other debtors
3,675
256

Prepayments and accrued income
11,383
72,713

18,008
72,969



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other loans
2,613,695
2,121,394

Trade creditors
22,755
5,522

Other creditors
6,756
6,756

Accruals and deferred income
4,259
95,101

2,647,465
2,228,773


Other loans are secured over the Freehold Property known as The Emperor Public House, Hills Road, Cambridge.

Page 4

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

7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,000 (2023 - 1,000) Ordinary share shares of £1.00 each
1,000
1,000


 
Page 5