Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsetrue22023-05-01The principal activity of the company during the period was that of construction of domestic buildings.2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13367467 2023-05-01 2024-04-30 13367467 2022-05-01 2023-04-30 13367467 2024-04-30 13367467 2023-04-30 13367467 c:Director1 2023-05-01 2024-04-30 13367467 d:FreeholdInvestmentProperty 2024-04-30 13367467 d:FreeholdInvestmentProperty 2023-04-30 13367467 d:CurrentFinancialInstruments 2024-04-30 13367467 d:CurrentFinancialInstruments 2023-04-30 13367467 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13367467 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13367467 d:ShareCapital 2024-04-30 13367467 d:ShareCapital 2023-04-30 13367467 d:RetainedEarningsAccumulatedLosses 2024-04-30 13367467 d:RetainedEarningsAccumulatedLosses 2023-04-30 13367467 c:FRS102 2023-05-01 2024-04-30 13367467 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13367467 c:FullAccounts 2023-05-01 2024-04-30 13367467 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13367467 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 13367467










MRGB PROPERTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
MRGB PROPERTY LIMITED
REGISTERED NUMBER: 13367467

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
514,522
514,522

  
514,522
514,522

Current assets
  

Debtors: amounts falling due within one year
 5 
451
385

Cash at bank and in hand
 6 
23,707
25,324

  
24,158
25,709

Creditors: amounts falling due within one year
 7 
(533,500)
(538,792)

Net current liabilities
  
 
 
(509,342)
 
 
(513,083)

Total assets less current liabilities
  
5,180
1,439

  

Net assets
  
5,180
1,439


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
4,780
1,039

  
5,180
1,439


Page 1

 
MRGB PROPERTY LIMITED
REGISTERED NUMBER: 13367467
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 statement of income and retained earnings 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: 




G J Bryant
Director

Date: 30 January 2025

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

Page 2

 
MRGB PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

MRGB Property Limited is a private company limited by shares incorporated in the United Kingdom, registered in England and Wales. The registered office is 73 Southern Road, Thame, OX9 2ED.

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 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.


Page 3

 
MRGB PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
514,522



At 30 April 2024
514,522

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 4

 
MRGB PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
451
385

451
385



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
23,707
25,324

23,707
25,324



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
878
1,541

Other creditors
530,702
533,951

Accruals and deferred income
1,920
3,300

533,500
538,792


 
Page 5