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Company Registration No. 11324842 (England and Wales)
MT PROPERTI£S LTD Unaudited accounts for the year ended 30 April 2024
MT PROPERTI£S LTD Unaudited accounts Contents
Page
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MT PROPERTI£S LTD Company Information for the year ended 30 April 2024
Director
Ben Oliver Miller
Company Number
11324842 (England and Wales)
Registered Office
128-130 Hurstpierpoint High Street Hurstpierpoint West Sussex BN6 9PX United Kingdom
Accountants
Sussex Professional Services 37 Coolham Drive Brighton East Sussex BN2 5HU
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MT PROPERTI£S LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,680 
5,600 
Investment property
2,725,000 
2,725,000 
2,776,680 
2,730,600 
Current assets
Debtors
492 
5,094 
Cash at bank and in hand
8,424 
5,729 
8,916 
10,823 
Creditors: amounts falling due within one year
(46,598)
(704,014)
Net current liabilities
(37,682)
(693,191)
Total assets less current liabilities
2,738,998 
2,037,409 
Creditors: amounts falling due after more than one year
(2,262,467)
(1,563,961)
Net assets
476,531 
473,448 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
1,280,386 
1,280,386 
Profit and loss account
(803,857)
(806,940)
Shareholders' funds
476,531 
473,448 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
Ben Oliver Miller Director Company Registration No. 11324842
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MT PROPERTI£S LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MT PROPERTI£S LTD is a private company, limited by shares, registered in England and Wales, registration number 11324842. The registered office is 128-130 Hurstpierpoint High Street, Hurstpierpoint, West Sussex, BN6 9PX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
8,750 
Additions
59,000 
At 30 April 2024
67,750 
Depreciation
At 1 May 2023
3,150 
Charge for the year
12,920 
At 30 April 2024
16,070 
Net book value
At 30 April 2024
51,680 
At 30 April 2023
5,600 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
2,725,000 
At 30 April 2024
2,725,000 
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MT PROPERTI£S LTD Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
492 
5,094 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
26,284 
26,284 
Taxes and social security
1,867 
1,867 
Other creditors
(316,510)
71,619 
Loans from directors
334,957 
603,944 
Accruals
- 
300 
46,598 
704,014 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,262,467 
1,563,961 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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