Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31Development of building projectsfalsetruetrue2023-06-0122The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14587287 2023-06-01 2024-05-31 14587287 2022-06-01 2023-05-31 14587287 2024-05-31 14587287 2023-05-31 14587287 c:Director1 2023-06-01 2024-05-31 14587287 d:CurrentFinancialInstruments 2024-05-31 14587287 d:CurrentFinancialInstruments 2023-05-31 14587287 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14587287 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14587287 d:ShareCapital 2024-05-31 14587287 d:ShareCapital 2023-05-31 14587287 d:RetainedEarningsAccumulatedLosses 2024-05-31 14587287 d:RetainedEarningsAccumulatedLosses 2023-05-31 14587287 c:OrdinaryShareClass1 2023-06-01 2024-05-31 14587287 c:OrdinaryShareClass1 2024-05-31 14587287 c:OrdinaryShareClass1 2023-05-31 14587287 c:FRS102 2023-06-01 2024-05-31 14587287 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14587287 c:FullAccounts 2023-06-01 2024-05-31 14587287 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14587287 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14587287









MPM PROPERTIES (OV) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
MPM PROPERTIES (OV) LTD
REGISTERED NUMBER: 14587287

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
6,851
-

Cash at bank and in hand
  
2,913
2

  
9,764
2

Creditors: amounts falling due within one year
 5 
(9,672)
-

NET CURRENT ASSETS
  
 
 
92
 
 
2

TOTAL ASSETS LESS CURRENT LIABILITIES
  
92
2

  

NET ASSETS
  
92
2


CAPITAL AND RESERVES
  

Called up share capital 
 6 
2
2

Profit and loss account
  
90
-

  
92
2


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.

Page 1

 
MPM PROPERTIES (OV) LTD
REGISTERED NUMBER: 14587287
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

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 4 form part of these financial statements.

Page 2

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

1.


GENERAL INFORMATION

MPM Properties (OV) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address is York House 3 Station Court, Great Shelford, Cambridge, CB22 5NE.
The Company's functional and presentational 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

REVENUE

Turnover comprises of management fees relating to property development and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
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.

Page 3

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

2.ACCOUNTING POLICIES (CONTINUED)

 
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.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


DEBTORS

2024
2023
£
£


Trade debtors
4,363
-

Prepayments and accrued income
2,488
-

6,851
-



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Corporation tax
4,363
-

Other taxation and social security
2,162
-

Accruals and deferred income
3,147
-

9,672
-



6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


 
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